This document provides financial results for Maximising the Power of Entertainment (MTG AB) for Q4 and full year 2006. Key highlights include record sales and profits with group net sales up 18% in Q4 and 27% for the full year. Viasat Broadcasting, MTG's broadcasting segment, saw a 14% increase in Q4 net sales and 29% increase for the full year. MTG continues to meet its strategic objectives of doubling Viasat Broadcasting revenues and achieving over 15% operating margins in its core businesses. Overall, MTG achieved strong growth across its segments in 2006.
Modern Times Group reported strong financial results for the second quarter and first half of 2005. Key highlights include:
1) Operating income increased 60% in the second quarter driven by growth across all core broadcasting businesses. Operating margins were double-digits in free-to-air TV, pay-TV, and Central and Eastern Europe.
2) The company continued strong subscriber growth in pay-TV, adding 28,000 premium subscribers in the quarter.
3) Sales and profits increased across all regions, with an operating margin of 19% for free-to-air TV Scandinavia. Central and Eastern Europe nearly doubled sales and turned its first combined half-year profit.
4) Other businesses like radio
Modern Times Group reported strong financial results for the first quarter of 2005. Key highlights included record operating results for TV3 Scandinavia and continued subscriber growth for Pay-TV Nordic. Net sales increased 11% to SEK 1,742 million while operating income rose 61% to SEK 179 million. Net income was SEK 479 million, which included a SEK 389 million net gain from the sale of TV4 shares. Cash flow from operations more than doubled compared to the prior year. The company also had SEK 2.06 billion in available liquid funds and a net cash position of SEK 248 million.
This document provides financial results for Maximising the Power of Entertainment (MTG AB) for Q4 and full year 2006. Key highlights include record sales and profits with group net sales up 18% in Q4 and 27% for the full year. Viasat Broadcasting, MTG's broadcasting segment, saw a 14% increase in Q4 net sales and 29% increase for the full year. MTG continues to meet its strategic objectives of doubling Viasat Broadcasting revenues and achieving over 15% operating margins in its core businesses. Overall, MTG achieved strong growth across its segments in 2006.
Modern Times Group reported strong financial results for the second quarter and first half of 2005. Key highlights include:
1) Operating income increased 60% in the second quarter driven by growth across all core broadcasting businesses. Operating margins were double-digits in free-to-air TV, pay-TV, and Central and Eastern Europe.
2) The company continued strong subscriber growth in pay-TV, adding 28,000 premium subscribers in the quarter.
3) Sales and profits increased across all regions, with an operating margin of 19% for free-to-air TV Scandinavia. Central and Eastern Europe nearly doubled sales and turned its first combined half-year profit.
4) Other businesses like radio
Modern Times Group reported strong financial results for the first quarter of 2005. Key highlights included record operating results for TV3 Scandinavia and continued subscriber growth for Pay-TV Nordic. Net sales increased 11% to SEK 1,742 million while operating income rose 61% to SEK 179 million. Net income was SEK 479 million, which included a SEK 389 million net gain from the sale of TV4 shares. Cash flow from operations more than doubled compared to the prior year. The company also had SEK 2.06 billion in available liquid funds and a net cash position of SEK 248 million.
MTG operates across four continents with businesses in free-to-air TV, pay-TV, radio, and online video. It has a balanced revenue mix between advertising and subscription sales. While TV viewing is moving online, MTG is well-positioned to capture this new audience through offerings like TV Play. MTG also has leading market positions across its emerging market territories in Europe and opportunities to continue growing ad revenues as TV viewing and spending increases in these regions.
Modern Times Group reported record sales and operating profits in Q4 2008 and for the full year. Q4 net sales increased 18% to SEK 3.8 billion and operating income rose 22% to SEK 746 million. For the full year, net sales topped SEK 13 billion for the first time, rising 16%, while underlying operating income increased 28% to SEK 2.6 billion. The company's various business segments like pay-TV Nordic and online saw continued strong growth in sales and profits.
The document reports on Modern Times Group's Q3 2009 financial results, which showed continued sales growth despite economic challenges, with more than half of revenues from pay-TV and online businesses. While advertising markets declined, the company gained market share in free-TV and grew subscribers and revenues in pay-TV, maintaining a 12% operating margin through cost reductions. Overall, the resilient business model demonstrated strength in a difficult economic environment.
Modern Times Group (MTG) is a leading European entertainment company that has grown significantly over 25 years. It operates 32 free-TV channels in 10 countries and pay-TV platforms in 9 countries, reaching over 90 million households. MTG has delivered 10% annual sales growth and 24% EBIT growth through a balanced and diversified revenue mix across advertising, subscription and other sources. It continues to invest in content, digital platforms like Viaplay, and geographical expansion to drive further growth and shareholder returns.
Modern Times Group reported record sales and stable profitability in Q2 2009. Net sales grew 8% to SEK 3.58 billion driven by market share gains across Scandinavia and emerging markets. Operating income was stable at SEK 588 million excluding one-time gains in the prior year. For the first half, net sales increased 9% to SEK 6.92 billion while operating income was SEK 822 million, down from the prior year which included significant one-time gains. The company continued investing in programming and new channels to strengthen its long-term market positions.
News Corporation reported record full year operating income of $3.9 billion, up 9% over the previous fiscal year. Operating income increased across most business segments, led by 23% growth at Cable Network Programming and a $212 million improvement at SKY Italia. Fourth quarter operating income grew 8% to $1 billion on 11% higher revenues. Segments like Filmed Entertainment, Television, Cable Network Programming, and Direct Broadcast Satellite Television saw double-digit percentage increases in operating income for the quarter. The company invested in digital properties like MySpace and saw strong growth across its existing businesses.
Modern Times Group reported financial results for Q3 2013 with sales up 9% at constant currency rates across all five business segments. This demonstrated that investments in content, digital expansion, and geographical growth are fueling customer offerings and sales momentum. The company will continue investing to strengthen these areas and drive future growth, such as through upcoming new channels in Norway and Tanzania and coverage of the 2014 Winter Olympics. Acquisitions like Nice Entertainment will also help scale the content production and distribution business. While short-term profitability is impacted, the investments are building the foundation for sustainable long-term growth and cash generation. With continued strong cash flow and low debt, Modern Times Group is well positioned to fund further investment and shareholder returns.
MTG reported financial results for Q1 2013. Key highlights include:
- Sales were up 2% year-over-year at constant FX rates, driven by strong growth in emerging markets.
- EBIT was SEK 454 million including SEK 235 million from associated companies.
- Net income was SEK 334 million, down from SEK 454 million in Q1 2012.
- Cash flow from operations was SEK 267 million including receipt of SEK 58 million in dividends from associated companies.
Virgin Media reported its financial results for the first quarter of 2007. Key highlights include:
1) Strong growth in broadband, TV and mobile contract customers due to compelling offers and marketing campaigns promoting bundled services. However, fixed line customers continued to decline due to increased competition.
2) ARPU was slightly down due to lower fixed line usage, but triple play penetration and Old NTL ARPU increased, pointing to continued ARPU growth.
3) Customer churn improved to 1.6% due to more rigorous credit policies and efficient sales channels, while Sky basics had a minimal impact in Q1.
4) Mobile contract growth remained strong through cable cross-sell, while pre-pay declined season
Modern Times Group reported record first quarter 2010 financial results, with 10% year-over-year sales growth at constant exchange rates and operating income more than doubling year-over-year. Key highlights included strong performance in the Scandinavian free-TV and Pay-TV Nordic segments, with 15% and 6% sales growth respectively at constant exchange rates. The company also showed sales and audience share gains in its emerging markets segments, although the Free-TV emerging markets segment had an operating loss. Overall the results demonstrated the company's ongoing strength across its primary operations.
Modern Times Group reported record first quarter 2010 financial results, with 10% year-over-year sales growth at constant exchange rates and operating income more than doubling year-over-year. Key highlights included strong performance in the Scandinavian free-TV and Pay-TV Nordic segments, with 15% and 6% sales growth respectively at constant exchange rates. The company also showed sales increases and market share gains across various emerging market segments, while continuing to implement cost reduction programs to improve operating margins.
Virgin Media reported its fourth quarter 2006 results. Key highlights included:
- Revenue growth across all segments, including cable consumer, cable business, and mobile.
- Strong broadband and TV subscriber additions, while churn was reduced.
- Cable revenue per user (ARPU) increased due to higher penetration of bundled products.
- Operating cash flow was impacted by costs relating to the integration of the Telewest merger and rebranding to Virgin Media.
Modern Times Group reported financial results for Q1 2011 with the following highlights:
- Sales increased 10% year-over-year to SEK 3,125 million at constant currency rates.
- Operating income grew 15% to SEK 432 million excluding associated income.
- Net income from continuing operations rose 78% to SEK 490 million.
MTG is a leading Nordic and Central and Eastern European media group with a balanced revenue mix from free-to-air television, pay-TV, and advertising. It operates 29 free TV channels across 11 countries and 38 pay TV channels in 34 countries. MTG has a strong position in the Scandinavian free TV market through its channels in Sweden, Norway, and Denmark, where it is the number 2 or 3 player. It sees an opportunity to break the monopoly of the incumbent players in these markets by adopting a "media house" model with complementary channel profiles to attract broader audiences.
MTG operates across five business segments: Free-TV Scandinavia, Pay-TV Nordic, Free-TV Emerging Markets, Pay-TV Emerging Markets, and Other Businesses. The Free-TV Scandinavia segment includes 9 channels in Sweden, Norway, and Denmark. MTG has expanded its channel portfolio and increased TV viewing and market share over time in the Scandinavian markets through complementary channels and building a media house approach. Advertising revenues and subscription sales provide a balanced revenue mix for MTG.
Modern Times Group MTG AB is a media company operating across four segments: Free-TV Scandinavia, Pay-TV Nordic, Free-TV Emerging Markets, and Pay-TV Emerging Markets. Over the past decade, MTG has grown its revenues from SEK 8 billion to SEK 14 billion through organic growth and acquisitions. MTG has a balanced revenue mix between advertising sales and subscription revenues. Going forward, MTG aims to continue growing its premium pay-TV subscriber base and capturing new opportunities from technology changes in the media industry.
MTG operates across four continents with businesses in free-to-air TV, pay-TV, radio, and online video. It has a balanced revenue mix between advertising and subscription sales. While TV viewing is moving online, MTG is well-positioned to capture this new audience through offerings like TV Play. MTG also has leading market positions across its emerging market territories in Europe and opportunities to continue growing ad revenues as TV viewing and spending increases in these regions.
Modern Times Group reported record sales and operating profits in Q4 2008 and for the full year. Q4 net sales increased 18% to SEK 3.8 billion and operating income rose 22% to SEK 746 million. For the full year, net sales topped SEK 13 billion for the first time, rising 16%, while underlying operating income increased 28% to SEK 2.6 billion. The company's various business segments like pay-TV Nordic and online saw continued strong growth in sales and profits.
The document reports on Modern Times Group's Q3 2009 financial results, which showed continued sales growth despite economic challenges, with more than half of revenues from pay-TV and online businesses. While advertising markets declined, the company gained market share in free-TV and grew subscribers and revenues in pay-TV, maintaining a 12% operating margin through cost reductions. Overall, the resilient business model demonstrated strength in a difficult economic environment.
Modern Times Group (MTG) is a leading European entertainment company that has grown significantly over 25 years. It operates 32 free-TV channels in 10 countries and pay-TV platforms in 9 countries, reaching over 90 million households. MTG has delivered 10% annual sales growth and 24% EBIT growth through a balanced and diversified revenue mix across advertising, subscription and other sources. It continues to invest in content, digital platforms like Viaplay, and geographical expansion to drive further growth and shareholder returns.
Modern Times Group reported record sales and stable profitability in Q2 2009. Net sales grew 8% to SEK 3.58 billion driven by market share gains across Scandinavia and emerging markets. Operating income was stable at SEK 588 million excluding one-time gains in the prior year. For the first half, net sales increased 9% to SEK 6.92 billion while operating income was SEK 822 million, down from the prior year which included significant one-time gains. The company continued investing in programming and new channels to strengthen its long-term market positions.
News Corporation reported record full year operating income of $3.9 billion, up 9% over the previous fiscal year. Operating income increased across most business segments, led by 23% growth at Cable Network Programming and a $212 million improvement at SKY Italia. Fourth quarter operating income grew 8% to $1 billion on 11% higher revenues. Segments like Filmed Entertainment, Television, Cable Network Programming, and Direct Broadcast Satellite Television saw double-digit percentage increases in operating income for the quarter. The company invested in digital properties like MySpace and saw strong growth across its existing businesses.
Modern Times Group reported financial results for Q3 2013 with sales up 9% at constant currency rates across all five business segments. This demonstrated that investments in content, digital expansion, and geographical growth are fueling customer offerings and sales momentum. The company will continue investing to strengthen these areas and drive future growth, such as through upcoming new channels in Norway and Tanzania and coverage of the 2014 Winter Olympics. Acquisitions like Nice Entertainment will also help scale the content production and distribution business. While short-term profitability is impacted, the investments are building the foundation for sustainable long-term growth and cash generation. With continued strong cash flow and low debt, Modern Times Group is well positioned to fund further investment and shareholder returns.
MTG reported financial results for Q1 2013. Key highlights include:
- Sales were up 2% year-over-year at constant FX rates, driven by strong growth in emerging markets.
- EBIT was SEK 454 million including SEK 235 million from associated companies.
- Net income was SEK 334 million, down from SEK 454 million in Q1 2012.
- Cash flow from operations was SEK 267 million including receipt of SEK 58 million in dividends from associated companies.
Virgin Media reported its financial results for the first quarter of 2007. Key highlights include:
1) Strong growth in broadband, TV and mobile contract customers due to compelling offers and marketing campaigns promoting bundled services. However, fixed line customers continued to decline due to increased competition.
2) ARPU was slightly down due to lower fixed line usage, but triple play penetration and Old NTL ARPU increased, pointing to continued ARPU growth.
3) Customer churn improved to 1.6% due to more rigorous credit policies and efficient sales channels, while Sky basics had a minimal impact in Q1.
4) Mobile contract growth remained strong through cable cross-sell, while pre-pay declined season
Modern Times Group reported record first quarter 2010 financial results, with 10% year-over-year sales growth at constant exchange rates and operating income more than doubling year-over-year. Key highlights included strong performance in the Scandinavian free-TV and Pay-TV Nordic segments, with 15% and 6% sales growth respectively at constant exchange rates. The company also showed sales and audience share gains in its emerging markets segments, although the Free-TV emerging markets segment had an operating loss. Overall the results demonstrated the company's ongoing strength across its primary operations.
Modern Times Group reported record first quarter 2010 financial results, with 10% year-over-year sales growth at constant exchange rates and operating income more than doubling year-over-year. Key highlights included strong performance in the Scandinavian free-TV and Pay-TV Nordic segments, with 15% and 6% sales growth respectively at constant exchange rates. The company also showed sales increases and market share gains across various emerging market segments, while continuing to implement cost reduction programs to improve operating margins.
Virgin Media reported its fourth quarter 2006 results. Key highlights included:
- Revenue growth across all segments, including cable consumer, cable business, and mobile.
- Strong broadband and TV subscriber additions, while churn was reduced.
- Cable revenue per user (ARPU) increased due to higher penetration of bundled products.
- Operating cash flow was impacted by costs relating to the integration of the Telewest merger and rebranding to Virgin Media.
Modern Times Group reported financial results for Q1 2011 with the following highlights:
- Sales increased 10% year-over-year to SEK 3,125 million at constant currency rates.
- Operating income grew 15% to SEK 432 million excluding associated income.
- Net income from continuing operations rose 78% to SEK 490 million.
MTG is a leading Nordic and Central and Eastern European media group with a balanced revenue mix from free-to-air television, pay-TV, and advertising. It operates 29 free TV channels across 11 countries and 38 pay TV channels in 34 countries. MTG has a strong position in the Scandinavian free TV market through its channels in Sweden, Norway, and Denmark, where it is the number 2 or 3 player. It sees an opportunity to break the monopoly of the incumbent players in these markets by adopting a "media house" model with complementary channel profiles to attract broader audiences.
MTG operates across five business segments: Free-TV Scandinavia, Pay-TV Nordic, Free-TV Emerging Markets, Pay-TV Emerging Markets, and Other Businesses. The Free-TV Scandinavia segment includes 9 channels in Sweden, Norway, and Denmark. MTG has expanded its channel portfolio and increased TV viewing and market share over time in the Scandinavian markets through complementary channels and building a media house approach. Advertising revenues and subscription sales provide a balanced revenue mix for MTG.
Modern Times Group MTG AB is a media company operating across four segments: Free-TV Scandinavia, Pay-TV Nordic, Free-TV Emerging Markets, and Pay-TV Emerging Markets. Over the past decade, MTG has grown its revenues from SEK 8 billion to SEK 14 billion through organic growth and acquisitions. MTG has a balanced revenue mix between advertising sales and subscription revenues. Going forward, MTG aims to continue growing its premium pay-TV subscriber base and capturing new opportunities from technology changes in the media industry.
MTG is a leading international entertainment group focused on broadcasting and pay-TV. It operates 28 free-TV channels across 11 countries watched by over 100 million people and pay-TV platforms in 9 countries. In 2010, MTG had revenues of SEK 13.1 billion with an 18% EBIT margin. MTG is pursuing growth opportunities through digitalization, new channel launches, bundled pricing, and expanding its pay-TV platforms into new countries and technologies like online streaming.
Jørgen Madsen is the EVP of Nordic Broadcasting at MTG. He joined MTG in 1994 and loves high ratings and challenging the status quo, while hating losing market share and wasted talent. MTG has established free-TV operations in Norway, Sweden, and Denmark, and has experienced best-in-class growth and margin increases in recent years. However, the TV landscape is massively changing with increased fragmentation due to new platforms like IPTV, DTT, and online viewing. MTG is working to seize the online opportunity through initiatives like web exclusive shows and tailor-made client solutions. Ultimately, success requires maintaining and growing TV ratings.
Modern Times Group reported strong financial results for Q4 2013, with accelerated sales growth of 14% driven by increased audience shares and subscriber growth across most markets. Investments in strategic growth areas like content production, digital expansion, and emerging markets delivered higher profits despite rising costs. The company proposed a record high annual dividend as it continues to balance investments for future growth with shareholder returns.
Modern Times Group (MTG) reported financial results for the first quarter of 2011 that showed record sales and profits. Sales grew 10% year-over-year at constant currency rates. Operating income increased 15% year-over-year excluding associated income. Net income from continuing operations increased 78% year-over-year.
In Q3 2014, MTG reported record sales growth of 12% at constant FX and 5% organic growth. EBIT excluding associates was up 32% to SEK 215m. The Nordic free and pay-TV operations grew sales and profits by 7% and 11% respectively. Nice, MTGx, and MTG Radio reported strong organic sales growth of 35% and were profitable. Pay-TV in emerging markets grew sales 25% at constant FX, with mid-single digit organic growth.
- 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 saw strong 35% organic sales growth and became profitable in Q3 2014 after losses in the same period the previous year.
- 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.
Modern Times Group reported positive Q2 2013 results, with accelerated sales growth of 6% year-over-year driven by strong performances across segments. Investments continued on track, with the portfolio of content offerings strengthened by acquisitions. Free-TV Emerging Markets delivered exceptional growth of 31%, while Free-TV Scandinavia gained audience share in all three markets. Pay-TV Nordic and Emerging Markets also saw sales growth and met profitability expectations despite ongoing investments for future growth.
MTG has unparalleled reach across Europe and emerging markets with over 75 million pay-TV subscriptions. It operates through five business segments including free-TV in Scandinavia and emerging markets as well as pay-TV in Nordic and emerging markets. Digitalization has increased TV viewing and grown TV advertising markets. MTG is well-positioned with leading audience shares across its markets and a balanced revenue mix from advertising, subscription, and B2B/B2C businesses.
Modern Times Group reported record first quarter sales with double-digit growth. Sales were up 13% at constant currency rates and 5% on an organic basis. Organic growth was accelerated in Free-TV Scandinavia and Pay-TV Nordic due to Olympics coverage in Sweden. Double-digit organic growth also occurred in Pay-TV EM and content production businesses. Profits grew year-over-year for the first time in two years in Pay-TV Nordic. Overall profitability was impacted by seasonal effects, investments in the Olympics, new channel launches and digital investments. While higher operating margins are expected in Pay-TV Nordic for the full year, expectations for profits in Pay-TV EM were not reiterated due to
Tele2 reported financial results for the second quarter of 2016 that showed growth in key metrics such as mobile end-user service revenue despite challenges in some markets. Several highlights included Sweden achieving the best 4G coverage among Nordic operators, continued strong data monetization in the Baltics, and significant customer intake in the Netherlands. The Challenger program remains on track to deliver annual savings. Overall, Tele2 is making progress on its strategy while facing headwinds in some legacy fixed-line businesses.
The document provides an overview of Modern Times Group's (MTG) performance in the first quarter of 2014. Key points include:
- Sales grew 13% at constant exchange rates and 5% organically, driven by growth in free-TV Scandinavia, pay-TV Nordic, and content production.
- Profits grew year-over-year for pay-TV Nordic for the first time in two years, though overall profitability was impacted by investments, seasonality, and currency effects.
- MTG merged Viaplay and MTGx to create a leading digital entertainment platform, and continued expanding its content production business through acquisitions and organic growth.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health over time.
This document lists 4 drivers from 2008 to 2013 with the 5th listing regions of LatAm, Middle East, and Asia Pacific. It also mentions tracing mobile content and repackaging linear content for non-linear viewing.
Frozen was a popular Disney film that was viewed by many people. Internal data from Disney shows that Frozen had a high share of viewers and that individual users watched it multiple times. The document appears to be analyzing viewership data for the Disney film Frozen.
The document contains numerical data showing three values: 200, 100, and 0. It appears to be presenting quantitative information but without any additional context it is difficult to determine what specifically is being measured or represented.
The document discusses a new policy but does not provide any details about the specific policy, its goals, impacts, or reasons for being introduced. No information is given in the document to summarize.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
MTG is an integrated and diversified TV operator with operations in pay-TV, free-TV, and radio across the Nordic region and emerging markets. In Q3 2014, MTG saw 12% sales growth at constant FX rates and EBIT growth of 32%. MTG has a successful track record of profitable growth over 10 years and has a unique business model that is integrated, diversified, and platform agnostic. MTG also has a strong content arm and is the largest content buyer in the Nordic region, positioning it well for continued growth.
MTG is an integrated and diversified TV operator with operations spanning pay-TV, free-TV, radio, and digital in Nordic and emerging markets. In Q3 2014, MTG saw 12% sales growth at constant FX rates and EBIT growth of 32% due to strong performance in the Nordic and emerging markets segments. MTG has a successful track record of profitable growth over 10 years and a unique business model that is integrated, diversified, and platform agnostic with a focus on growing its content offerings and digital capabilities.
MTG is an integrated and diversified TV operator with a strong content arm and digital focus. It has a successful track record of profitable growth over 10 years, with 11% sales CAGR and 18% EBIT CAGR. MTG has a unique platform that is integrated, diversified, platform agnostic, and decentralized. It has a bright future as it is content rich and at the forefront of innovation and technology with a strong cash flow and balance sheet. MTG will continue long term value creation through its clear growth strategy focused on content, digital expansion, and cost focus/operational excellence.
MTG is an integrated and diversified TV operator with a strong content arm and digital focus. It operates in 131 countries and reaches over 150 million people. MTG has a successful track record of profitable growth over the past 10 years. It plans to continue its growth strategy through focus on content, digital expansion, and geographic expansion to shape the future of entertainment. As the largest content buyer, MTG is well positioned with popular content like TV shows, sports, and games.
MTG is a diversified TV operator with businesses in pay-TV, free-TV, and digital media. It generates revenue from advertising (44%) and subscriptions (47%). MTG operates across the Nordic region, emerging markets, and globally via content distribution. It has a strong content business and focus on digital platforms and expansion into new geographies. MTG has a successful track record of growth and aims to continue creating long term value through its content, digital, and geographic expansion strategies.
MTGQ2 2014 FINANCIAL RESULTS
Sales were up 13% at constant FX rates and 3% on an organic basis. Operating profits increased despite investments, with higher growth and margins in the Nordic regions offsetting unfavorable FX impacts and last year's one-offs elsewhere. Nice, MTGx and Radio saw strong organic growth and profits. The quarter showed healthy top-line growth and margin expansion, though some markets faced challenges from declining ad sales and geopolitical factors.
MTG has established a successful business model over 10 years with 11% sales CAGR and 15% EBIT CAGR. It has a unique integrated and diversified platform that is well-positioned to take advantage of rising video consumption and digital delivery. MTG's focus on content, operational excellence and geographic expansion provides a clear strategy for long-term growth and value creation.
This document discusses MTG's position as a leading entertainment company. It highlights MTG's successful track record of growth over 10 years, with 11% sales CAGR and 15% EBIT CAGR. MTG has a unique and integrated business model across TV, digital, and different regions. It is focusing on content, digital delivery, and geographic expansion to continue driving long-term value creation. MTG is well-positioned for the future as online and mobile video consumption grows due to its large content library and platform-agnostic strategy.
Modern Times Group (MTG) is a leading international digital entertainment company focused on shaping the future of entertainment. The document discusses MTG's successful track record over the past 10 years of 27% average return on capital employed and 17% total shareholder return compound annual growth rate. It outlines MTG's strategy of continued growth in content, digital services, and geographic expansion. MTG has a unique platform as a decentralized company with strong positions in television, online video, and mobile across Scandinavia, Central and Eastern Europe, and Africa.
Modern Times Group is a leading entertainment company that shapes the future of entertainment through content, digital services, and geographic expansion. It has a successful track record of growth and is well-positioned for continued future success. MTG has a unique platform as an integrated and diversified entertainment provider across TV, digital, and emerging markets. It will continue to invest in content, digital growth, and geographic expansion to create long-term value.
“The kingdom of content” and “the creation of sustainable stakeholder value”,...Modern Times Group MTG AB
The document provides an overview of Modern Times Group (MTG), a media company that reaches over 100 million people through its TV and online services. MTG has a growth strategy based on three pillars: geographic expansion into emerging markets, growth of its digital offerings as consumption moves online, and increasing its value-generating content. MTG has leading positions in sports rights and acquired content. Through recent acquisitions, MTG Studios has become a large international producer and distributor of television content, with operations in 15 countries producing over 3,500 hours of content per year. The acquisition of DRG in particular has added global distribution capabilities.
This document contains 3 summaries of the key information:
1) Kim Aagren Poder is the CEO of Free-TV Denmark, having joined MTG in 1999 and held several leadership roles in the company.
2) Free-TV Denmark has significantly outperformed the TV ad market and holds the highest first quarter audience share ever. TV retains a majority share of media spending in Denmark while internet advertising is expanding.
3) TV3 Play, MTG's AVOD service, is the largest commercial video on demand publisher in Denmark and has doubled its viewing and revenue year-over-year. The digital spin-off of the TV show Paradise Hotel was very successful online.
Marek Singer is the Executive Vice President of MTG's Central European Broadcasting operations. He discussed how MTG is well positioned in Central and Eastern European markets where TV advertising revenues are rebounding after declining between 2008-2012. While product prices are equivalent to Western Europe, advertising prices in CEE markets remain much lower, providing an opportunity for growth. MTG has strengthened its position in these markets and increased its mini-pay TV offerings and online presence.
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1. Maximizing the Power of Entertainment
First Quarter Financial Results
2007
Stockholm, 24 April 2007
2. Results Highlights
First Quarter 2007
Group net sales up 11% to SEK 2,629 million
Group operating income up 4% to SEK 468 million
Viasat Broadcasting net sales up 11% to SEK 2,003 million and operating profit up 5% to
SEK 481 million
Net income up 4% to SEK 316 million
Basic earnings per share of SEK 4.55 (4.38)
Acquisition of 50% of Balkan Media Group Limited for EUR 11.6 million
Acquisition of 90% of Playahead online social networking community for SEK 102 million
3. Strategic Objectives
Set in June 2004
Objective On Track
Double Viasat Broadcasting revenues in 5 Viasat Broadcasting sales up 75% since
years 2003 on rolling 12 month basis
MTG to become #1 commercial free-to-air Continuation of shut-down of Swedish
operator in Sweden and TV3 to become #2 analogue terrestrial network increases
penetration in Sweden; TV3 Norway
commercial free-to-air channel in Norway
established as second largest commercial
within 5 years channel in comparable universe in each
month
Export integrated model into new high
growth territories - C&E European Rolling 12 month operating income for C&E
businesses to generate same level of European operations (incl. CTC Media) of
broadcasting revenues & profits as SEK 768 million vs. SEK 1,151 million for
Scandinavian operations within 5 years Nordic operations
>15% operating margins in 3 core Rolling 12 month operating margins of 18%
businesses - Free-to-air TV Scandinavia; for Free-to-air TV Scandinavia; 19% for
Pay-TV Nordic; & 16% for C&E Europe
Pay-TV Nordic; C&E Europe
(excl. CTC Media)
4. Viasat Broadcasting
Operating Results
(SEK million) Q1 2007 Q1 2006 Change (%) FY 2006
Net Sales
Free-to-air TV Scandinavia 713 723 –1 3,038
Pay-TV Nordic 877 749 17 3,183
Central & Eastern Europe 478 388 23 1,841
Other & eliminations -65 -55 -257
Total net sales 2,003 1,804 11 7,805
Operating income (EBIT)
Free-to-air TV Scandinavia 110 140 -21 562
Operating margin 15% 19% 18%
Pay-TV Nordic 148 125 18 597
Operating margin 17% 17% 19%
Central & Eastern Europe 59 51 16 304
Operating margin 12% 13% 17%
Associated Companies 162 138 17 432
Other & Eliminations 2 3 19
Total EBIT 481 457 5 1,913
6. Free-to-air TV Scandinavia
Focus on Ratings & Integrated Approach in Soft Advertising Markets
Net sales down 1.3% year on year to SEK 713 million – underlying growth when
excluding currency translation effects of strengthening Swedish Krona
Weaker advertising markets & soft ratings for TV3 but continued strong
performance by TV6 – peak ratings of > 17%
TV3/TV6 Sweden penetration levels up to 79% and 78% & TV8 penetration of 46%
Total combined channel CSOV (15-49) increased in Sweden to 34.4% (30.6%)
Annual upfront advertiser agreements concluded later than usual and low single
digit price increases did not impact Q1 sales
Danish channel ratings up year on year, but ratings decline in Norway reflects
late launch of Spring schedule
Operating costs up 4%, primarily due to 6% increase in programming costs &
increased distribution costs - in line with previous guidance for up to 10%
increase in programming costs in 2007
Operating margin down from 19% to 15%
8. Free-to-air-TV Sweden
Commercial Share of Viewing (15-49)
Indexed Big 3 Ratings development Media Houses CSOV Development
(%)
115 50 Viasat Sweden SBS Broadcasting TV4
TV3 TV4 Kanal 5
110 45
105
40
100
35
95
30
90
25
85
80 20
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2005 2005 2005 2006 2006 2006 2006 2007 2005 2005 2005 2005 2006 2006 2006 2006 2007
9. Free-to-air TV Sweden
Actions being taken
Integrated Media house approach – TV3, TV6, TV8, ZTV bundling
Increased investments in sports and acquired programming
More scientific approach
Regular brand tracking
Re-engineered own-production process
Earlier targeted use of focus groups
Refocused scheduling
Increase pressure on local production companies
Middle management changes
11. Pay-TV Nordic
Premium Subscriber & ARPU Growth
(’000 subscribers) (SEK) (’000 subscribers)
800 180
700 3 700
160
600 3 500
140
500
120
3 300 100
400
80
300 3 100 60
200 40
2 900 20
100
0
0 2 700
Q3 Q4 Q1 Q2 Q3 Q4 Q1
Q1 2004 Q1 2005 Q1 2006 Q1 2007 2005 2005 2006 2006 2006 2006 2007
Viasat+ & Multiroom Subscriptions
Premium Subscribers Annualized ARPU Viast Golf Subscriptions
15% year on year increase in premium subscriber base with flat development in Q1
reflecting diminishing effect of analogue shut down
155,000 Viasat+ and Multiroom subscriptions represent 21% of premium DTH
subscriber base
ARPU up 4% year on year to SEK 3,468
12. Pay-TV Nordic
Operating performance
(SEK million)
Sales EBIT EBIT Margin
35%
800 30%
600 25%
20%
400 15%
10%
200
5%
0 0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007
17% sales growth due to price rises and growing Viasat+ / multi-room subscriber base
Operating margin of 17% reflects 17% increase in OPEX in line with previously
announced investments of SEK 160 million in 2007 + addition of 2 new Viasat channels
and 12 third party channels since beginning of 2006
Stable total expensed SAC for fourth quarter in succession
13. Central & Eastern Europe
Operating Performance – Rolling 12 Months (Excl. CTC media)
(SEK million)
Sales EBIT EBIT Margin 40%
2000
35%
1500 30%
25%
1000 20%
15%
500 10%
5%
0 0%
Q4 2004 Q1 2005 Q2 2005 Q3 2005 Q4 2005 Q1 2006 Q2 2006 Q3 2006 Q4 2006 Q1 2007
Net sales up 23% to SEK 478 million
12% operating margin in Q1 includes investments in new businesses
TV Prima net sales up 2% to SEK 184 million
DTV net sales up 61% to SEK 61 million
Pay-TV East revenues almost double to SEK 83 million
16. TV Prima
Czech Republic
Net sales of SEK 184 (180) million and slightly decreased operating profit of SEK
29 million with 16% operating margin
Management continues to implement changes to improve operating efficiency
Continued management focus on the delivery of prime time own productions to
boost overall ratings & capitalize on Hollywood output deals
Increased CSOV year on year as actions implemented in 2006 take effect
Seeking to resolve current disagreement with regional broadcasting license
partner regarding use of early morning and evening time slots in 5 out of 12
regions - has restricted the development of Prima's viewing performance
17. DTV Russia
Rolling 12 Months
(SEK million) (SEK million)
250 30 3,0
CSOV (%)
Sales EBIT
20 2,5
200
10 2,0
150
0 1,5
100 1,0
-10
50 -20 0,5
0 -30 0,0
03
03
04
04
05
05
06
06
07
04
Q 05
Q 05
Q 05
Q 05
Q 06
Q 06
Q 06
Q 06
07
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
1
3
1
3
1
3
1
3
1
4
1
2
3
4
1
2
3
4
1
Q
Q
Q
Q
Q
Q
Q
Q
Q
Q
Q
• Sales up 61% to SEK 61 million as ratings increase & demonstrating ongoing benefit of
Video International sales agreement
• 1 million additional Moscow households now connected through Mostelecom
distribution agreement & SEK 45 million invested to connect further 500,000
households
• Increasing profitability despite investments
18. Free-to-air TV Baltics
Rolling 12 Months
(SEK million) (%)
Sales EBIT Margin
500 50
45
450 40
35
400
30
350 25
20
300 15
10
250
5
200 0
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2004 2005 2005 2005 2005 2006 2006 2006 2006 2007
8% sales growth & 16% operating margin
Pan-Baltic commercial share of viewing (15-49) up to 40.6% (36.2%) with substantial
ratings improvements in Latvia and Lithuania offsetting decline in Estonia
20. Pay-TV East
Rolling 12 Months
(SEK million)
300 Sales EBIT EBIT Margin 11%
250 9%
200 7%
150 5%
100 3%
50 1%
0 -1%
-50 -3%
04
05
05
05
05
06
06
06
06
07
20
20
20
20
20
20
20
20
20
20
4
1
2
3
4
1
2
3
4
4
Q
Q
Q
Q
Q
Q
Q
Q
Q
Q
Doubling of sales to SEK 83 million
SEK 11 million operating profit with operating margin of 13%
DTH platform still in investment phase
21. Radio
Rolling 12 Months
(SEK million) (excl. associated companies)
600 Sales EBIT EBIT Margin 25%
500 20%
400 15%
300 10%
200 5%
100 0%
0 -5%
-100 Q4 2004 Q1 2005 Q2 2005 Q3 2005 Q4 2005 Q1 2006 Q2 2006 Q3 2006 Q4 2006 Q1 2007 -10%
Net sales almost doubled year on year to SEK 150 million after consolidation of P4
Radio & price rises in Sweden
SEK 6 million operating profit
Swedish radio stations achieve record combined reach of 1.9 million daily listeners
P4 reports record Q1 sales after introduction of GRP-based pricing model
22. Other Businesses
Online Modern Studios
New business segment comprising Net sales of SEK 120 (151) million reflect
CDON.COM, TV-Shop, BET24, Playahead lower sale of TV-productions and format
and MTG New Media licenses by Strix and the discontinuation of
the Bromberg and Engine businesses
Combined sales of SEK 413 (413) million
SEK 2 (3) million operating profit
Combined operating profit of SEK 14 (19)
million Sonet film awarded 6 ‘Guldbaggen’ awards
for ‘Kidz in the Hood’ and ‘The Substitute’
CDON.com sales up 28% to SEK 214
awarded “Best Documentary” price
million
BET24 refocused onto markets where MTG
has existing broadcasting operations – in
order to increase leverage
Internet sales now account for 48% of TV-
Shop sales
23. All Business Areas
Operating Results
(SEK million) Q1 2007 Q1 2006 Change (%) FY 2006
Net Sales
Viasat Broadcasting 2,003 1,804 11 7,805
Radio 150 81 86 433
Other business areas 533 564 -5 2,192
Parent company & other companies 23 28 111
Eliminations -81 -115 -406
Total net sales 2,629 2,362 11 10,136
Operating income (EBIT)
Viasat Broadcasting 481 457 5 1,913
Radio 6 8 -18 78
Other business areas 16 23 -30 -59
Parent company & other companies -35 -35 -155
Total EBIT 468 453 4 1,777
24. Summary Income Statement
(SEK million) Q1 2007 Q1 2006 FY 2006
Net Sales 2,629 2,362 10,136
Operating income (EBIT) 468 453 1,777
Gain/loss from financial assets - 2 244
Net interest and other financial items -2 -15 -5
Income before tax 467 440 2,016
Tax -151 -135 -517
Net Income for the period 316 305 1,499
Basic number of shares outstanding 67,053,405 66,382,410 67,042,524
Basic earnings per share (SEK) 4.55 4.38 21.57
25. Cash Flow
(SEK million) Q1 2007 Q1 2006 FY 2006
Cash flow from operations 279 238 1,372
Changes in working capital -339 -94 -78
Net cash flow from operations -60 144 1,294
Proceeds from sales of shares - 21 21
Investments in shares in subsidiaries & associates -178 -83 -645
Investments in other non-current assets -72 -30 -329
Other cash flow from investing activities - - 2
Cash flow from/to investing activities -251 -92 -950
Cash flow from/to financing activities 105 -3 -877
Net change in cash and cash equivalents for the period -206 50 -533
17% increase in cash flow from operations
Increased programming investments in Scandinavia and Eastern Europe &
prepayments for newly acquired sports rights impact working capital
SEK 178 million invested in acquisition of Playahead & Balkan Media Group
26. Balance Sheet
(SEK million) 31 March 2007 31 March 2006 31 Dec 2006
Non-current assets 5,349 5,520 4,891
Current assets 4,450 4,703 4,314
Total assets 9,799 10,223 9,205
Shareholders’ equity 5,492 5,549 5,105
Long-term liabilities 343 296 305
Current liabilities 3,965 4,377 3,796
Total equity & liabilities 9,799 10,223 9,205
Net cash position of SEK 75 million
SEK 3.6 billion of available liquid funds
SEK 9.2 billion surplus to book value for 39.6% shareholding in CTC Media
SEK 400 million draw down on SEK 3.5 billion credit facility
27. Outlook
Ratings Improvement & Investment in Growth
Measures taken at TV3 Sweden are gradually showing desired effect
Growing position as pan-Scandinavian media power house with successful new
channel launches & ongoing structural market change – relaunch of ZTV after end
of quarter
Pay-TV model in Sweden shifts from subscriber acquisition to ARPU growth with
investments in new channels and technologies to support medium term growth –
launch of TV2 Sport after end of quarter
H1 07 year on year comps tough for TV Prima, with market + growth to resume in
H2 07 on back of anticipated viewing share increases
Ongoing rapid development of DTV & Pay-TV East operations
30% Return on Capital Employed, healthy cash flow generation and net cash
position – significant flexibility for investments, acquisitions, and shareholder
returns