BTS Group AB (publ) Interim Report January 1 – March 31, 2007

Continued good growth in revenues and earnings

• Net turnover increased by 59 percent during the first quarter and amounted to MSEK 123.7 (78.0). Adjusted for changes in exchange rates, growth amounted to 72 percent.
• Earnings for the first quarter:
 the operating profit increased by 24 percent to MSEK 15.5 (12.5)
 the operating margin amounted to 13 (16) percent
 the operating profit before amortization on intangible assets (EBITA) increased by 36 percent to MSEK 18.1 (13.3)
 the operating margin before amortization on intangible assets (EBITA margin) amounted to 15 (17) percent
 the profit before tax increased by 11 percent to MSEK 14.2 (12.8)
 the profit after tax increased by 4 percent to MSEK 8.6 (8.3)
 the earnings per share amounted to SEK 0.47 (0.47).
• New customers secured during the first quarter included Freescale, InBev, Kimberly-Clark, Palm Computer, Siemens and Sony BMG among others.
• The acquired units The Advantage Performance Group (APG) and The Real Learning Company (RLC) developed positively both with regard to earnings and sales synergies.