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MTG says new digital ops help lift Q3 revenue

Thursday 22 October 2015 | 14:14 CET | News
Modern Times Group (MTG) said sales in the third quarter of 2015 rose to SEK 3.819 billion from SEK 3.669 billion on the back of higher viewing figures, healthy customer intake and rising market share, as well as the addition of new digital businesses. Operating profit rose to SEK 240 million from SEK 221 million, including M&A transaction costs and adverse currency effects, but before non-recurring items. MTG posted non-recurring items of minus SEK 652 million, comprising SEK 700 million in net restructuring charges and a positive SEK 48 million related to the revaluations of Paprika &

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