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.
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.
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 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.
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.
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.
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 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.
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
Viacom reported record first quarter 2001 results, with revenues increasing 90% to $5.75 billion and EBITDA up 145% to $1.15 billion. Key segments like Cable Networks, Television, and Infinity saw significant revenue and EBITDA gains compared to the previous year. On a pro forma basis, revenues rose 6% to $5.77 billion while EBITDA grew 15% to $1.15 billion. The company expects continued strong growth over the rest of 2001, forecasting 20% annual EBITDA growth.
Viacom reported record full year 2001 results with a 16% increase in revenues, 28% gain in EBITDA, and 80% increase in free cash flow. For the fourth quarter, pro forma EBITDA increased 15% in Cable Networks and 15% in Video. Viacom expects double-digit pro forma EBITDA growth for full year 2002 if economic conditions remain the same.
Telecom Italia Group reported results for the first 9 months of 2009. The key highlights included:
1) Improved operating free cash flow generation of 515 million euros, a 15% increase year-over-year.
2) Operating profitability was stable with an EBITDA of 8.6 billion euros and EBITDA margin increasing 1.8 percentage points.
3) Strong cash cost control with cash costs decreasing 1.146 billion euros, or 7.3%, year-over-year.
Telecom Italia Group reported financial results for the first half of 2009. The Group achieved a 57% target of its 2009 efficiency program aimed at reducing costs and improving cash flow. Operating cash flow increased by €587 million compared to the first half of 2008 due to cost savings. Net income increased by 13.8% compared to the first half of 2008, driven by higher EBITDA and lower net financial expenses. The Group has sufficient liquidity to cover debt maturing in 2009-2010 thanks to a recent €4.9 billion debt refinancing.
Vivo Participações S/A reported financial results for 4Q08 and full year 2008. In 4Q08, net service revenue increased 27% to R$3.8 billion while net income increased 722% to R$215.5 million. For 2008, net service revenue grew 25% to R$13.8 billion and net income was R$389.7 million, an improvement from a loss in 2007. Vivo increased its customer base by 7.5 million in 2008 and saw growth in data revenue and margins, however ARPU declined. Capex was focused on expanding network capacity and coverage.
Vivo had a strong third quarter with sustained revenue growth and increased profitability:
- Revenue grew 10.1% to R$4.3 billion due to increased customer base and higher postpaid subscriber growth.
- EBITDA grew 10.1% to R$1.54 billion and margins remained steady at 33.4% due to efficiency gains in acquiring customers.
- Net income increased 80.9% to R$601.8 million as a result of the revenue growth and profitability gains.
Braskem reported financial results for the first quarter of 2010 with an EBITDA of R$729 million, up 19% from the fourth quarter of 2009. Net revenue was R$4.466 billion, up 5% from the previous quarter. Domestic resin sales were stable compared to the fourth quarter. Braskem also announced the approval of its PVC project in Alagoas with an NPV of US$450 million and changes to its Venezuela project that reduce investments to US$500 million. Total planned investments for 2010 amount to R$1.6 billion, focusing on the PVC expansion project in Alagoas and other growth and maintenance projects.
- The document discusses Veolia Environnement's 2010 annual shareholders' meeting and 2009 financial results.
- In 2009, Veolia's revenue declined 1.7% to €34.55 billion due to falling waste volumes and prices. However, operating cash flow margin was maintained at 11.5%.
- Veolia's waste division revenue fell 9.2% in 2009 but cost cutting measures improved profitability throughout the year, with operating cash flow margin reaching 13.2%.
Viacom reported full year 2003 revenues of $26.6 billion, an 8% increase over 2002 led by advertising revenue growth. However, operating income and net earnings were impacted by a non-cash charge to reduce the goodwill of its majority-owned subsidiary Blockbuster. Viacom plans to divest its ownership in Blockbuster to allow each company to focus on its core businesses. For 2004, Viacom reiterates its outlook for 5-7% revenue growth and 12-14% operating income growth, excluding the Blockbuster charge.
- News Corporation reported third quarter operating income of $1.0 billion, up 14% from the previous year, due to growth at its television, cable, and magazine segments.
- Net income more than doubled to $820 million, driven by higher operating income and increased equity earnings from affiliates like DIRECTV.
- The company also announced a doubling of its stock repurchase program to $6 billion, having already repurchased $2.5 billion.
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.
Pirelli Presentation of 1H 2009 Group Results.
Pirelli & C. Group Revenues: 2,137.6 Million Euros (2,454.8 Million Euros As Of 30 June 2008). Ebit 101.1 Million Euros (180.9 Million Euros As Of 30 June 2008) After Restructuring Charges Of 21.2 Million Euros; Incidence On Revenues Of 4.7% In Line With Industrial Plan Targets. Attributable Consolidated Net Result: 6.3 Million Euros (-36.2 Million Euros As Of 30 June 2008; Total Consolidated Net Result Negative For 12.4 Million Euros (-9.5 Million Euros As Of 30 June 2008), Positive Net Of Further 19.8 Million Euro Writedown Of Telecom Italia Stake. Net Financial Position Negative For 1,107.6 Million Euros, from 1,278.9 Million Euros As Of 31 March 2009.
Pirelli Tyre Revenues 1,915.9 Million Euros (-9.3% On A Like-For-Like Basis, Net Of Exchange Rate Effects, Compared With First Half 2008); Ebit Before Restructuring Costs: 146.5 Million Euros, Or 7.6% Of Revenues. Second Quarter Revenues Up 6.7% Compared With The First Quarter Of 2009; Second Quarter Ebit Margin Before Restructuring Charges Rose To 8.6% From 8.1% In The Second Quarter Of 2008.
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news corp 2nd Qtr - FY05 - December 31, 2004 - US Dollars finance9
News Corporation reported operating income of $954 million for the quarter ended December 31, 2004, an increase of 24% from the previous year. Revenues increased 18% to $6.6 billion. Net income increased 80% to $386 million. Key contributors to growth were strong home entertainment sales and cable network advertising revenue increases. The Filmed Entertainment and Cable Network Programming segments saw double-digit operating income increases.
Viacom reported strong financial results for Q2 2003, with revenues up 10% and operating income up 12%. Net earnings increased 21% and earnings per share grew to $0.37 from $0.31 in Q2 2002. Additionally, Viacom initiated a $0.06 quarterly cash dividend. Nearly all business segments experienced double-digit operating income growth, led by Cable Networks at 33% and Video at 46% growth. Looking ahead, Viacom expects high-single digit revenue growth and double-digit operating income growth for 2003, as well as continued strong growth in 2004.
Viacom reported strong third quarter 2005 results with revenues up 10% to $5.9 billion and operating income up 5% to $1.4 billion. Advertising revenues grew 9% overall led by gains of 17% at cable networks and 7% at television. Diluted earnings per share increased 12% to $0.47. Nearly all segments saw revenue growth including cable networks up 15%, entertainment up 54%, and radio and outdoor also higher. Operating income increased at cable networks, radio, outdoor, entertainment and parks/publishing. The company remains on track to meet full year guidance of mid-single digit growth in revenues and operating income and high-single digit growth in earnings per share.
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.
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
Viacom reported record first quarter 2001 results, with revenues increasing 90% to $5.75 billion and EBITDA up 145% to $1.15 billion. Key segments like Cable Networks, Television, and Infinity saw significant revenue and EBITDA gains compared to the previous year. On a pro forma basis, revenues rose 6% to $5.77 billion while EBITDA grew 15% to $1.15 billion. The company expects continued strong growth over the rest of 2001, forecasting 20% annual EBITDA growth.
Viacom reported record full year 2001 results with a 16% increase in revenues, 28% gain in EBITDA, and 80% increase in free cash flow. For the fourth quarter, pro forma EBITDA increased 15% in Cable Networks and 15% in Video. Viacom expects double-digit pro forma EBITDA growth for full year 2002 if economic conditions remain the same.
Telecom Italia Group reported results for the first 9 months of 2009. The key highlights included:
1) Improved operating free cash flow generation of 515 million euros, a 15% increase year-over-year.
2) Operating profitability was stable with an EBITDA of 8.6 billion euros and EBITDA margin increasing 1.8 percentage points.
3) Strong cash cost control with cash costs decreasing 1.146 billion euros, or 7.3%, year-over-year.
Telecom Italia Group reported financial results for the first half of 2009. The Group achieved a 57% target of its 2009 efficiency program aimed at reducing costs and improving cash flow. Operating cash flow increased by €587 million compared to the first half of 2008 due to cost savings. Net income increased by 13.8% compared to the first half of 2008, driven by higher EBITDA and lower net financial expenses. The Group has sufficient liquidity to cover debt maturing in 2009-2010 thanks to a recent €4.9 billion debt refinancing.
Vivo Participações S/A reported financial results for 4Q08 and full year 2008. In 4Q08, net service revenue increased 27% to R$3.8 billion while net income increased 722% to R$215.5 million. For 2008, net service revenue grew 25% to R$13.8 billion and net income was R$389.7 million, an improvement from a loss in 2007. Vivo increased its customer base by 7.5 million in 2008 and saw growth in data revenue and margins, however ARPU declined. Capex was focused on expanding network capacity and coverage.
Vivo had a strong third quarter with sustained revenue growth and increased profitability:
- Revenue grew 10.1% to R$4.3 billion due to increased customer base and higher postpaid subscriber growth.
- EBITDA grew 10.1% to R$1.54 billion and margins remained steady at 33.4% due to efficiency gains in acquiring customers.
- Net income increased 80.9% to R$601.8 million as a result of the revenue growth and profitability gains.
Braskem reported financial results for the first quarter of 2010 with an EBITDA of R$729 million, up 19% from the fourth quarter of 2009. Net revenue was R$4.466 billion, up 5% from the previous quarter. Domestic resin sales were stable compared to the fourth quarter. Braskem also announced the approval of its PVC project in Alagoas with an NPV of US$450 million and changes to its Venezuela project that reduce investments to US$500 million. Total planned investments for 2010 amount to R$1.6 billion, focusing on the PVC expansion project in Alagoas and other growth and maintenance projects.
- The document discusses Veolia Environnement's 2010 annual shareholders' meeting and 2009 financial results.
- In 2009, Veolia's revenue declined 1.7% to €34.55 billion due to falling waste volumes and prices. However, operating cash flow margin was maintained at 11.5%.
- Veolia's waste division revenue fell 9.2% in 2009 but cost cutting measures improved profitability throughout the year, with operating cash flow margin reaching 13.2%.
Viacom reported full year 2003 revenues of $26.6 billion, an 8% increase over 2002 led by advertising revenue growth. However, operating income and net earnings were impacted by a non-cash charge to reduce the goodwill of its majority-owned subsidiary Blockbuster. Viacom plans to divest its ownership in Blockbuster to allow each company to focus on its core businesses. For 2004, Viacom reiterates its outlook for 5-7% revenue growth and 12-14% operating income growth, excluding the Blockbuster charge.
- News Corporation reported third quarter operating income of $1.0 billion, up 14% from the previous year, due to growth at its television, cable, and magazine segments.
- Net income more than doubled to $820 million, driven by higher operating income and increased equity earnings from affiliates like DIRECTV.
- The company also announced a doubling of its stock repurchase program to $6 billion, having already repurchased $2.5 billion.
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.
Pirelli Presentation of 1H 2009 Group Results.
Pirelli & C. Group Revenues: 2,137.6 Million Euros (2,454.8 Million Euros As Of 30 June 2008). Ebit 101.1 Million Euros (180.9 Million Euros As Of 30 June 2008) After Restructuring Charges Of 21.2 Million Euros; Incidence On Revenues Of 4.7% In Line With Industrial Plan Targets. Attributable Consolidated Net Result: 6.3 Million Euros (-36.2 Million Euros As Of 30 June 2008; Total Consolidated Net Result Negative For 12.4 Million Euros (-9.5 Million Euros As Of 30 June 2008), Positive Net Of Further 19.8 Million Euro Writedown Of Telecom Italia Stake. Net Financial Position Negative For 1,107.6 Million Euros, from 1,278.9 Million Euros As Of 31 March 2009.
Pirelli Tyre Revenues 1,915.9 Million Euros (-9.3% On A Like-For-Like Basis, Net Of Exchange Rate Effects, Compared With First Half 2008); Ebit Before Restructuring Costs: 146.5 Million Euros, Or 7.6% Of Revenues. Second Quarter Revenues Up 6.7% Compared With The First Quarter Of 2009; Second Quarter Ebit Margin Before Restructuring Charges Rose To 8.6% From 8.1% In The Second Quarter Of 2008.
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news corp 2nd Qtr - FY05 - December 31, 2004 - US Dollars finance9
News Corporation reported operating income of $954 million for the quarter ended December 31, 2004, an increase of 24% from the previous year. Revenues increased 18% to $6.6 billion. Net income increased 80% to $386 million. Key contributors to growth were strong home entertainment sales and cable network advertising revenue increases. The Filmed Entertainment and Cable Network Programming segments saw double-digit operating income increases.
Viacom reported strong financial results for Q2 2003, with revenues up 10% and operating income up 12%. Net earnings increased 21% and earnings per share grew to $0.37 from $0.31 in Q2 2002. Additionally, Viacom initiated a $0.06 quarterly cash dividend. Nearly all business segments experienced double-digit operating income growth, led by Cable Networks at 33% and Video at 46% growth. Looking ahead, Viacom expects high-single digit revenue growth and double-digit operating income growth for 2003, as well as continued strong growth in 2004.
Viacom reported strong third quarter 2005 results with revenues up 10% to $5.9 billion and operating income up 5% to $1.4 billion. Advertising revenues grew 9% overall led by gains of 17% at cable networks and 7% at television. Diluted earnings per share increased 12% to $0.47. Nearly all segments saw revenue growth including cable networks up 15%, entertainment up 54%, and radio and outdoor also higher. Operating income increased at cable networks, radio, outdoor, entertainment and parks/publishing. The company remains on track to meet full year guidance of mid-single digit growth in revenues and operating income and high-single digit growth in earnings per share.
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 summarizes Virgin Media's performance in the first quarter of 2007. It discusses Virgin Media's progress on key priorities such as brand strength, targeting competitors, cable integration, and cross-sell opportunities. Financial metrics like revenue, customer additions and disconnects, and ARPU are also reviewed. Challenges from increased competition and the impact of Sky's new "Basics" package are addressed.
The document provides an overview of Tele2's financial and operational performance in the first quarter of 2010. Key highlights include robust results in the Nordic and Russian markets, with Sweden mobile revenue growing 3% and Russia achieving its highest ever EBITDA contribution. The Netherlands also performed well in the corporate segment. Overall, the group saw a 5% increase in EBITDA despite a 3% decline in net sales. Tele2 reiterated its strategic focus on growth in the postpaid segment and maintaining a long term mobile EBITDA margin of at least 35%.
The document provides an earnings release for Iochpe-Maxion S.A. for the second quarter of 2009. It highlights a 36.8% reduction in consolidated net operating revenue compared to the same period last year. EBITDA was down 72.1% and net income fell 89.5% year-over-year. Reduced production of trucks, buses, and agricultural machinery in Brazil along with decreased domestic demand drove the financial declines.
The document provides an agenda and highlights for Tele2's fourth quarter 2009 financial review meeting. Key points include solid operational results across Nordic, Russian, and Western European markets. Russia saw a record 1.149 million new customers. The financial review section notes increased EBITDA and margins year-over-year for Q4 and full year 2009. Customer additions were strong in Russia and mobile segments.
Cohu reported financial results for the first quarter of 2009 with net sales of $36.6 million, down 37% from the same quarter of 2008. The company reported a net loss of $6.3 million compared to net income of $2 million in the first quarter of 2008. Orders were $34.4 million, flat compared to the previous quarter. Cohu's president stated that while the business environment remains difficult, they received initial orders for a new semiconductor test handler and expect their microwave equipment business to have a strong second quarter.
Virgin Media reported its fourth quarter 2006 results. Revenue grew across all segments, with 78,100 broadband and 38,500 TV net additions. However, operating cash flow was negatively impacted by costs relating to the Telewest merger integration, rebranding expenses, and legal costs from M&A activity. The company rebranded from NTL to Virgin Media in February 2007 and saw consumer reaction to the rebranding as very encouraging. It believes the rebranding positions it well for future growth.
The document summarizes SKF Group's third quarter 2009 results. Key points include a 24.9% year-over-year drop in sales volume but continued strong price/mix gains. Despite restructuring costs, the operating margin excluding restructuring was 8.7%. Cash flow remained strong at SEK 1.36 billion for the quarter. SKF expects demand in the fourth quarter to be slightly higher than Q3.
The document summarizes SKF Group's 9-month results for 2009. Key points include:
- Sales volumes dropped significantly year-over-year due to the economic downturn but price/mix increased.
- Strong cash flow generation despite lower sales.
- Cost reduction efforts through restructuring programs resulted in annual savings of SEK 800 million.
- Operating margins declined from prior years but were higher excluding restructuring costs.
The document provides financial results for MTG's third quarter of 2012. Key details include:
- Sales were up 2% year-over-year at constant currency, excluding discontinued operations.
- EBIT before associated company income was SEK 288 million, down from SEK 358 million the prior year.
- Net income was SEK 308 million, comparable to the prior year.
- Investments were increasing in the Nordic pay-TV business and emerging markets in Russia and Ukraine.
Modern Times Group reported record quarterly results, with 13% year-over-year sales growth at constant exchange rates in Q2 and 12% growth in H1. All broadcasting businesses saw increased sales and operating income growth. Specifically, Free-TV Scandinavia sales grew 18% in Q2 and operating margin increased to 27% following audience and revenue growth across Sweden, Norway and Denmark. Operating income increased 26% in Q2 and was up 30% in H1, excluding associated company income.
Modern Times Group reported record quarterly results, with 13% year-over-year sales growth at constant exchange rates in Q2 and 12% growth in H1. All broadcasting businesses saw increased sales and operating income growth. Specifically, Free-TV Scandinavia sales grew 18% in Q2 and operating margin increased to 27% following audience and revenue growth across Sweden, Norway and Denmark. Operating income increased 26% in Q2 and was up 30% in H1, excluding associated company income.
- Comcast reported increased revenue, operating cash flow, and operating income for Q1 2009 compared to Q1 2008. Revenue grew 5% to $8.8 billion while operating cash flow grew 8% to $3.4 billion and operating income grew 16% to $1.8 billion.
- EPS grew 13% to $0.27 per share from $0.24 in Q1 2008. Adjusted EPS, which excludes a one-time gain, grew 42% to $0.27.
- Free cash flow increased 95% to $1.4 billion driven by lower capital expenditures and growth in operating cash flow.
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.
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 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 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.
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 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 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.
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3. Q1 2009
18th Straight Quarter of Double Digit Sales Growth
• Group net sales up 10% y/y to SEK 3,336 million (SEK mn )
• Positive currency effects add 8% points of growth 4,000 50%
• Group operating income up 15% y/y to SEK 688
million with an operating margin of 21% (20%) when 40%
excluding SEK -454 million participation in non-cash 3,500
intangible asset impairment by associated company
CTC Media 30%
• Viasat Broadcasting net sales up 13% y/y to SEK 3,000
2,599 million 20%
– Operating income, excluding associated company
income, of SEK 346 (373) míllion 2,500
10%
– Recurring associated company income from CTC
Media up 83% y/y to SEK 379 million
2,000 0%
• Pre-tax profit of SEK 195 (583) million & SEK 649 Q1 2008 Q1 2009*
million when excluding MTG share in CTC Media
Sales Operating Margin
impairment charge
* Excluding SEK -454 share in CTC Media impairment
• Net income of SEK 146 (397) million
• Basic earnings per share of SEK 2.19 (5.85)
• SEK 5 ordinary dividend proposed to AGM
3
5. Operating Results
Sales Operating Profit (EBIT)
(SEK mn) Q1 2009 Q1 2008 Change (%) Q1 2009 Q1 2008 Change (%)
Free-TV Scandinavia 886 828 7 203 146 39
Pay-TV Nordic 1,069 959 11 174 162 7
Free-TV Emerging Markets 464 423 10 -74 46 -
Pay-TV Emerging Markets 220 139 58 40 13 200
Associated CTC Media - - - 379 207 83
Other & eliminations -40 -43 - 2 4 -
Viasat Broadcasting business area 2,599 2,307 13 725 580 25
Other business areas 783 686 14 4 52 -93
Parent & holding companies / Group central
operations 46 42 - -41 -53 20
Eliminations -91 -88 - - - -
Total from ongoing operations 3,336 2,947 13 688 579 19
Extraordinary items* - 95 - -454 17 -
Reported Group total 3,336 3,042 10 233 596 -61
*SEK -454 mn share in CTC Media’s intangible asset impairment in Q1 2009 & Q1 2008 revenues and EBIT contribution from divested DTV Group
5
5
6. Free-TV Scandinavia
7% Sales Growth & 39% Operating Profit Growth
• Net sales up 7% y/y to SEK 886 million supported Trailing 12 months
(SEK mn)
by positive currency effects
4,000 40%
• Media house strategy generates momentum in
downturn with TV ad market share gains in Norway
and Denmark 3,500
30%
• Viasat maintains position as 2’nd largest media
house in Norway following penetration gains & 3,000
audience share improvement y/y & outperformed
rival media house SBS in audience share for the 20%
fourth quarter in a row 2,500
• Penetration for TV3 Denmark increases following
10%
new cable deals – Viasat channels not part of the 2,000
DTT
• OPEX stable y/y at SEK 683 (682) million – reflects 1,500 0%
deferred introduction of some programming in
Sweden & Denmark, lower overall SG&A costs, Q1 2007 Q1 2008 Q1 2009
increased programming spend in Norway & adverse Sales EBIT Margin
currency effects
• Operating income up 39% y/y to SEK 203 million
with increased operating margin of 23% (18%)
6
8. Pay-TV Nordic
11% Sales Growth & 16% Operating Margin
• Sales up 11% y/y to SEK 1,069 million
(SEK mn)
• ARPU up 14% y/y to SEK 4,325
1200 40%
– Positive currency effects, previous price rises,
maturing subscriber base & growing proportion of
multi-room & HD subscribers 1000
• Total premium subscribers up 6,000 q/q 30%
– IPTV sales drive subscriber growth 800
• SAC up 6% y/y but down 12% q/q
600 20%
– increased focus on subscriber acquisition in
Denmark and Norway to benefit from digitalisation
& maturing of subscribers signed up in Swedish 400
digitalisation process in 2006 10%
• Total OPEX up 12% y/y to SEK 895 million 200
– Addition of new channels to the platform
– Renewal of several key sports rights & addition of 0 0%
localised sports channels Q1 2008 Q4 2008 Q1 2009
– Ongoing investments in HDTV + subscriber
campaigns in Denmark and Norway Sales EBIT Margin
– Adverse currency effects
• Operating income up 7% y/y to SEK 174 million with
operating margin of 16% (17%)
8
12. Pay-TV Emerging Markets
58% Sales Growth & 18% Margin
• Net sales up 58% y/y to SEK 220 million
(SEK mn)
• Baltic & Ukrainian platforms added 39,000 premium 250 40%
subscribers y/y but base down q/q due to higher churn
in the Baltics due to economic situation
200
30%
• 10 million mini-pay subscriptions added y/y & 1.3
million subscriptions q/q 150
20%
• OPEX in line with scaling of business & development
of early stage Ukrainian JV platform 100
• Operating income tripled y/y to SEK 40 million with 10%
50
operating margin of 18% (10%)
0 0%
Q1 2008 Q4 2008 Q1 2009
Sales EBIT Margin
12
14. Other Businesses
Online Radio
• Sales up 25% y/y to SEK 520 million • Sales down 15% y/y to SEK 159 million in
line with ad market decline in Sweden,
• Continued strong development for MTG Internet Norway & Baltics
Retailing online assets
– CDON.COM sales up 17% y/y following • SEK -5 (30) million operating result
successful ad campaigns to increase traffic
+ increased electronic games sales
– Gymgrossisten.com sales up 44% y/y & Nelly.se
sales triple
Modern Studios
• OPEX includes SEK 23 million of costs related to • Sales up 27% to SEK 103 million y/y
development & close down of Viaplay online TV
business & move of some technology to Pay-TV • Operating profit of SEK 4 (-5) million following
Nordic international licensing deals & reduction of
underlying cost base
• Operating income of SEK 4 (28) million
14
16. Income Statement
• SEK -454 million share in USD 233 (SEK mn) Q1 2009 Q1 2008 FY 2008
million (SEK 1,955 million) intangible
asset impairment charge reported by Net sales 3,336 3,042 13,166
CTC Media in Q4 2008 EBIT before non-
recurring items 688 596 2,598
• Net interest expenses of SEK -37 Non-recurring items -454 - 1,074
(-4) million in Q1 following increase
in borrowings in Q4 & lower EBIT 233 596 3,671
prevailing borrowing costs
Net Interest & other
-39 -13 -61
financial items
• Effective tax rate of 25%
PTP 195 583 3,610
– Lowered corporate income tax
rates in Sweden & Russia from Tax -48 -186 -683
beginning of 2009
Net income 146 397 2,927
Basic average number
65,890,375 66,213,260 65,908,373
of shares outstanding
Basic EPS 2.19 5.85 43.25
16
17. Cash Flow
Q1 Q1 FY
• Changes in working capital reflect (SEK mn) 2009 2008 2008
seasonal fluctuations of scheduled
payments Cash flow from operations 168 311 1,918
• CAPEX of SEK 18 (30) million Changes in working capital -297 -268 67
represented <1% of Group revenues
Net cash flow from operations -129 43 1,985
• SEK 5 ordinary dividend proposed to
2009 AGM Cash flow to/from investing
activities -159 -239 -4,674
Cash flow to/from financing
activities 25 76 3,106
Net change in cash and cash
equivalents -264 -119 417
17
18. Financial Position
31 Mar 31 mar 31 Dec
• Total borrowings of SEK 4.7 billion (SEK mn) 2009 2008 2008
• SEK 3.9 billion of net debt at end of Non-current assets 12,786 6,062 12,881
period = 1.4x LTM EBITDA (excluding
gain from sale of DTV & share in CTC Current assets 6,328 5,115 6,351
Media impairment)
Total assets 19,114 11,177 19,232
• SEK 2,668 million of available liquid
funds at end of period
Shareholders’ equity 8,835 5,944 8,980
• No loans due for repayment in 2009
• Equity to assets ratio of 46% Long-term liabilities 5,362 425 5,263
Current liabilities 4,916 4,808 4,989
Total equity and liabilities 19,114 11,177 19,232
18
20. Summary
• Strong sales & underlying operating profit performance despite changing market
conditions
• Well-positioned to take further market share as challenger in structurally changing
markets
• More than half of total sales from subscription & other non-advertising revenue
streams
• Integrated media house strategy is a fundamentally strong & functioning model
• Market environment presents opportunities to enhance market positions & build long
term value
• Healthy financial position with low gearing & no debt maturities in 2009
20