- MTG reported strong financial results for Q3 2014, with sales increasing 12% at constant FX rates and 5% organically. EBIT excluding associates was up 32% to SEK 215m.
- Free and pay-TV operations in the Nordic region grew sales and profits by 7% and 11% respectively. Mixed results were seen in Eastern Europe, with sales down 1% due to tough comparisons in the Czech Republic.
- Nice, MTGx and MTG Radio reported strong 35% organic sales growth and returned to profitability in Q3 after losses in the same period last year.
Please find a high level overview of the VAT rates in Europe with effect April 2017. Recent changes have been highlighted in red.
This publication has been prepared as a guide. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material in this publication.
NAGRA - Pay-TV Innovation Forum 2017 - Key Trends and Findings for North Amer...Christine Oury
Additional visuals and statistics on the North American research of the Pay-TV Innovation Forum, a program that explores the next generation business and technology developments of pay-TV operators around the world to uncover and understand what will drive the next phase of growth in the industry. For more information on the program and findings from the first year of research, please visit https://dtv.nagra.com/paytvif.
NAGRA - Pay-TV Innovation Forum 2017 - Exploring the Next Generation of Growt...NAGRA
Additional visuals and statistics on the European research of the Pay-TV Innovation Forum, a program that explores the next generation business and technology developments of pay-TV operators around the world to uncover and understand what will drive the next phase of growth in the industry. For more information on the program and findings from the first year of research, please visit https://dtv.nagra.com/paytvif.
2017 Pay-TV Innovation Forum – Early Findings and Service Provider Portfolio ...Christine Oury
Which pay-TV service providers offer the most advanced product portfolios? What proportion offer stand-alone OTT services and adjacencies - such as IoT or B2B services? What are their innovation priorities? Get a sneak peek at the early findings from the 2017 edition of the Pay-TV Innovation Forum in this latest SlideShare!
How does Pay-TV continue to grow and stay profitable through to 2020? Get the highlights from the Pay-TV Innovation Forum's Global Findings to find out who are today's innovation leaders and what opportunities lie ahead.
Please find a high level overview of the VAT rates in Europe with effect April 2017. Recent changes have been highlighted in red.
This publication has been prepared as a guide. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material in this publication.
NAGRA - Pay-TV Innovation Forum 2017 - Key Trends and Findings for North Amer...Christine Oury
Additional visuals and statistics on the North American research of the Pay-TV Innovation Forum, a program that explores the next generation business and technology developments of pay-TV operators around the world to uncover and understand what will drive the next phase of growth in the industry. For more information on the program and findings from the first year of research, please visit https://dtv.nagra.com/paytvif.
NAGRA - Pay-TV Innovation Forum 2017 - Exploring the Next Generation of Growt...NAGRA
Additional visuals and statistics on the European research of the Pay-TV Innovation Forum, a program that explores the next generation business and technology developments of pay-TV operators around the world to uncover and understand what will drive the next phase of growth in the industry. For more information on the program and findings from the first year of research, please visit https://dtv.nagra.com/paytvif.
2017 Pay-TV Innovation Forum – Early Findings and Service Provider Portfolio ...Christine Oury
Which pay-TV service providers offer the most advanced product portfolios? What proportion offer stand-alone OTT services and adjacencies - such as IoT or B2B services? What are their innovation priorities? Get a sneak peek at the early findings from the 2017 edition of the Pay-TV Innovation Forum in this latest SlideShare!
How does Pay-TV continue to grow and stay profitable through to 2020? Get the highlights from the Pay-TV Innovation Forum's Global Findings to find out who are today's innovation leaders and what opportunities lie ahead.
2. Q3 2014
Highlights
• Sales: +12% at constant FX & 5% organic
• EBIT (excl. associates) up 32% to SEK 215m
• Combined Nordic free and pay-TV operations
grew sales & profits by 7% & 11% respectively
• Combined EM free and pay-TV operations grew
sales but profits down due to exceptional
comps in the Czech Rep.
• Nice, MTGx, MTG Radio - strong organic sales
growth & profitable
• New Russian Mass Media Law enacted –
evaluating actions to comply and preserve
stakeholders’ interests
2
4. Free -TV Scandi: sales slightly down with
stable operating margin
24% of Group sales 2014 2013
Jul-Sep Jul-Sep
Sales (SEKm) 900 887
Growth (at constant FX) -1% 1%
EBIT (SEKm) 120 118
EBIT margin 13.3% 13.3%
CSOV (15-49)
Sweden 31.0% 34.7%
Norway 16.0% 17.3%
Denmark 25.1% 25.8%
Sales down 1% at constant FX
TV ad market trends (estimated): Denmark
up, Norway stable, Sweden down
AVOD sales up over 80%
EBIT up slightly
OpEx slightly down at constant FX
Continue to expect FY OpEx at constant FX
to be up low to mid-single digit pp
4
5. Pay-TV Nordic: Growth and margin expansion
38% of Group sales 2014 2013
Jul-Sep Jul-Sep
Sales (SEKm) 1,441 1,308
Growth (at constant FX) 8% 7%
EBIT (SEKm) 186 156
EBIT margin 12.9% 11.9%
Premium subs ('000) 969 970
o/w satellite ('000) 535 563
o/w third party ('000) 434 407
Satellite premium ARPU (SEK) 5,302 5,089
Sales up 8% at constant FX
Driven by the expansion of Viaplay
Total premium subscriber almost flat
3rd highest Viaplay intake ever
Profits up by 19%
Margin up 100 bps to 12.9%
Continue to expect higher EBIT margin
FY14 compared to FY13
5
6. Free-TV EM: mixed picture with tough comps
12% of Group sales 2014 2013
Jul-Sep Jul-Sep
Sales (SEKm) 463 457
Growth (at constant FX) -1% 21%
EBIT (SEKm) -57 -34
EBIT margin -12.4% -7.4%
CSOV
Pan-Baltic (15-49) 47.9% 50.0%
Czech Republic (15-54) 35.6% 36.0%
Bulgaria (18-49) 32.4% 32.8%
Sales down 1% at constant FX
Double digit growth in the Baltics & Bulgaria
Czech Rep. down on the back of the
exceptional growth seen last year
AVOD revenues up over 300%
EBIT loss in a seasonally weak quarter
Continued investments in the Baltics and
Bulgaria as well as the launch in Tanzania
6
7. Pay-TV EM: strong growth & margin expansion
9% of Group sales 2014 2013
Jul-Sep Jul-Sep
Sales (SEKm) 333 268
Growth (at constant FX) 25% 7%
EBIT (SEKm) 39 27
EBIT margin 11.7% 10.2%
Subscribers / subscriptions
('000)
Satellite 485 564
Mini-pay wholesale 130,559 91,380
Sales up 25% at constant FX
Mid-single digit organic growth +
consolidation of Trace
131m mini-pay subscriptions in 139 countries
Mini-pay subscriptions up 39m y-o-y and 2m
on an underlying basis
Russia to ban advertising on pay channels
From 2105 but will be impacted already in Q4
7
8. Nice, MTGx, MTG Radio:
35% organic growth & profitable
18% of Group sales 2014 2013
Jul-Sep Jul-Sep
Sales (SEKm) 681 367
Growth (at constant FX) 82% 29%
Growth (organic) 35% 13%
EBIT (SEKm) 12 -46
EBIT margin 1.8% -12.5%
Strong demand for our content
Continued strong growth in Strix Drama and
Paprika Latino
Double digit organic growth in Radio
Profitable in Q3
Profits in Nice and Radio more than offsetting
investments in MTGx
8
9. MTG INVESTOR RELATIONS
For further information
visit www.mtg.com
Tel: +46 (0) 73 699 2714
Email: investors@mtg.com