Annual Report 2006 - BTS

The year in brief• Net turnover during the year increased by 32 percent and amounted to MSEK379.1 (286.1). Adjusted for changes in exchange rates, revenue growth was34 percent.Net turnover per operational unit (%), 2006BTS Othermarkets 5 %• Operating profit before amortization on intangible assets (EBITA) increasedby 33 percent to MSEK 67.6 (50.8). Profit after tax increased by 5 percent toMSEK 38.6 (36.8).BTS NorthAmerica 65 %BTS Europe 30 %• New clients acquired during the year included BBVA, Bank of America, EADS,Exxon Mobil, National Australia Bank, National Semi Conductor and US Cellular.• Two new BTS offices were opened in Brussels, Belgium and Chicago, US.• BTS acquired all business operations of The Advantage Performance Group(APG) and The Real Learning Company (RLC) during the year.Key Ratios 2006 2005Net turnover, KSEK 379,097 286,119EBITA, KSEK 67,625 50,766Operating profi t, KSEK 62,355 48,696Profi t before tax, KSEK 61,005 55,058Profi t after tax, KSEK 38,584 36,777EBITA margin, % 18 18Operating margin, % 16 17Profi t margin, % 10 13Operational capital, KSEK 184,008 52,804Return on equity, % 24 27Return on operational capital, % 53 165Solidity at the end of the year, % 45 64Cash fl ow from current operations, KSEK 41,120 37,455Cash fl ow, KSEK -29,091 -9,332Liquid funds at the end of the year, KSEK 72,054 101,145Average number of employees 165 143Number of employees at the end of the year 186 150Net turnover per employee, KSEK 2,298 2,001Net turnover by source of revenue (%), 2006Seminars 60 %Earnings and dividend per share, SEKSEK3.02.52.01.51.00.50.020022003Earnings per shareOther 6 %2004Licenses 14 %Customization 20 %20052006Dividend per share* The above fi gures have been adjusted by a correctionfactor of 0,3333 due to the split 3:1 in May 2006.Philadelphia, USA Madrid, Spain Scottsdale, USA