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MTG Q1 posts 9% organic rise in net sales, profit up 73% ahead of split

Monday 23 April 2018 | 12:26 CET | News
Modern Times Group (MTG) said its 9 percent organic growth in net sales in the first quarter and a 73 percent rise in profit clearly show the potential of the group as it prepares to split into MTG and Nordic Entertainment Group. Group net sales climbed to a record SEK 4.67 billion from SEK 3.70 billion a year earlier, a rise of 26 percent on a reported basis. MTGx reported net sales of SEK 952 million Nordic Entertainment posted sales of SEK 3.12 billion.

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Categories: Broadcast & Satellite / Internet
Companies: Modern Times Group
Countries: Sweden
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