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MTG lifts Q4 sales, keeps profit steady amid reorganisation

Wednesday 3 February 2016 | 11:57 CET | News
Modern Times Group (MTG) said customer growth, its business transformation and the optimisation of its capital allocation enabled it to keep profits for 2015 stable, despite the near SEK 400 million combined impact of foreign exchange "headwinds" and M&A costs. In the fourth quarter, operating profit was SEK 434 million compared with SEK 478 million a year earlier, including those effects, but before SEK 63m of non-recurring items (zero last time).

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Categories: Broadcast & Satellite
Companies: Modern Times Group
Countries: World
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