BTS Group AB (publ) Interim Report 1 January-30 June 2004

BTS Group AB (publ) Interim Report 1 January-30 June 2004 Strong growth in turnover and result During the first six months, net turnover rose by 38 percent, totalling MSEK 108.1 (78.4) Adjusted for changes in exchange rates, growth totalled 46 per cent Results for the first six months: > Operating result amounted to MSEK 19.0 (1.5), corresponding to 18 (2) per cent in operating margin > Result before tax amounted to MSEK 19.7 (2.5) > Result after tax amounted to MSEK 12.3 (1.9) > Earnings per share for the period totalled SEK 2.09 (0.32) The company has achieved growth and improved profitability during the first six months through: - Generally improved market situation - BTS' stronger market position and broader range of solutions - More favourable revenue mix - Improved productivity and cost-efficiency measures - Result for the second quarter: > Net turnover totalled MSEK 56.7 (41.2) > Operating result amounted to MSEK 10.3 (3.2), corresponding to 18 (8) per cent in operating margin > Result before tax amounted to MSEK 10.5 (3.6) > Result after tax amounted to MSEK 6.4 (2.6). - The growth in the customer base was satisfactory during the first six months of the year. New customers during this period included Adobe, ICA, Merck, Paperlinx and Telefonica Mobile. - Revenue per customer has grown by 12 per cent compared to the same period of the previous year, due in part to the fact that BTS has developed a broader range of solutions. BTS Group AB is an international consultancy and training company active in the field of business acumen. BTS uses tailor-made computer simulation models to support company managers in implementing change and improving profitability. BTS solutions and services train the entire organisation to analyse and to take decisions centred on the factors that promote growth and profitability. This generates increased emphasis on profitability and market focus, and supports day-to-day decision-making, which in turn leads to tangible, sustainable improvements in profits. BTS customers are often leading major companies. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/18/20040818BIT20040/wkr0001.pdf The full report