BTS Group AB (publ) Interim Report 1 January - 30 September 2007

Continued good growth in revenues and earn-ings

January – September 2007
• Net turnover increased by 57 percent during the nine-month period and amounted to MSEK 387.3 (247.3). Adjusted for changes in exchange rates, growth was 67 percent. The organic growth for BTS, adjusted for changes in exchange rates, was 14 percent during the nine-month pe-riod.
• The operating profit before amortization on intangible assets (EBITA) increased by 43 percent to MSEK 63.7 (44.6)
• Profit after tax increased by 20 percent to MSEK 32.3 (27.0)
• Earnings per share amounted to SEK 1.79 (1.52)

The third quarter
• Net turnover for the third quarter increased by 61 percent to MSEK 121.9 (75.8). Adjusted for changes in exchange rates, growth was 70 percent. The organic growth for BTS, adjusted for changes in exchange rates, was 15 percent
• The operating profit before amortization on intangible assets (EBITA) in-creased by 54 percent to MSEK 16.1 (10.4)
• Profit after tax increased by 32 percent to MSEK 7.8 (5.9).
Summary of BTS’ and the market’s development during the third quarter
 The market development on all of BTS’ markets continued to be positive.
 The acquired companies APG and RLC continued to display a positive trend as regards growth and earnings, while at the same time, cross-selling with BTS increased.
 The inflow of new customers has been good during the nine-month pe-riod, including Essent, Harley-Davidson, Kimberly-Clark, Marsh, NetJets and Palm Computer, among others.