BTS Group AB (publ) Interim Report 1 January- 30 September 2006

Continued good growth in revenues and earnings

• Net turnover during the nine month period has increased by 20 per cent and amounted to MSEK 247.3 (205.8). Adjusted for changes in exchange rates, growth amounted to 18 per cent.
• Net turnover for the third quarter increased by 11 per cent to MSEK 75.8 (68.3). Adjusted for changes in exchange rates, growth amounted to 16 per cent.
• Earnings for the nine month period:
 the operating profit increased by 23 per cent to MSEK 42.3 (34.4)
 the operating margin before depreciation and amortization (EBITDA – margin) amounted to 19 (18) per cent
 the operating margin amounted to 17 (17) per cent
 the profit before tax increased by 7 per cent to MSEK 42.5 (39.6)
 the profit after tax increased by 4 per cent to MSEK 27.0 (26.1)
 the earnings per share amounted to SEK 1.52 (1.46)
• Earnings for the third quarter:
 the operating profit increased by 11 per cent to MSEK 9.7 (8.7)
 the operating margin before depreciation and amortization (EBITDA – margin) amounted to 15 (14) per cent
 the operating margin amounted to 13 (13) per cent
 the profit before tax increased by 8 per cent to MSEK 9.5 (8.8)
 the profit after tax amounted to MSEK 5.9 (5.7)
• The inflow of new clients during the nine month period has been good, in-cluding Anglo American, BBVA, Bank of America, EADS, Exxon Mobil, Na-tional Australia Bank, National Semi Conductor and US Cellular.
• BTS has finalized the acquisition of all the business operations within The Advantage Performance Group (APG) and The Real Learning Company (RLC).