Bulgaria was down 3%, bringing the sales total for the three to SEK 352
million, a 14% increase. Year to date sales for the five countries. were
up 5% (9% adjusting for exchange rates), at SEK 1,254 million. Sales
were flat in Slovenia and slightly down in Hungary.
The company's pay-TV emerging markets segment saw 5% growth in the
quarter, with net sales of SEK 240 million. Growth was partially driven
by an increase in the subscriber base in the Baltics.
MTG (www.mtg.se) operates three stations each in Estonia, Latvia, and Lithuania,
including the TV3 and TV6 brands, two channels in the Czech Republic
under the Prima brand, and four in Bulgaria under the Nova and Diema
brands.
23-10-2011
Modern Times Group Profits up in Baltics, Central Europe
By FNE StaffSTOCKHOLM: Swedish based Modern Times Group, with emerging market
operations in the Baltics and Central Europe, reported a 3% rise in 2011
Q3 sales compared with 2010 Q3 results. The Baltics and Czech Republic
posted particularly strong growth, with Q3 sales up 19%,
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