BTS Group AB (publ)

Interim Report January 1- March 31, 2008

• Net turnover decreased by 1 percent during the first quarter and amounted to MSEK 122.3 (123.7). Adjusted for changes in exchange rates, growth was 7 percent.
• The operating profit before amortization on intangible assets (EBITA) decreased by 25 percent to MSEK 13.5 (18.1).
• Profit after tax decreased by 22 percent to MSEK 6.7 (8.6).
• Earnings per share amounted to SEK 0.37 (0.47).


Summary of the first quarter
• The market development on all of BTS markets continued to be posi-tive.
• The negative change in BTS earnings was principally attributed to de-creased sales within APG, which was acquired in 2006, together with a weakening of currencies important to BTS, mainly the USD and the GBP
• BTS other operations have developed positively.
• The Real Learning Company (RLC) is as of 2008 legally and organi-zationally part of BTS North America.
• The Board of Directors of the BTS Group AB has decided to adjust the outlook for 2008 as follows: “Based on continued strong market condi-tions for BTS, the profit before tax is expected to be in line with the previous year.” The outlook deviates from the previous report when the outlook was anticipated to be better than previous year. The change of the outlook was communicated in a separate press release on April 29, 2008.
• New clients secured during the first quarter included Alcoa, ConocoPhilips, Deutsche Bank, and National Foods Limited, among others.