Modern Times Group posted a 40 per cent increase in fourth quarter pre-tax profit to a better-than-expected SEK607 million, helped by organic sales growth, acquisitions, and sharply increased margins at its free-to-air Scandinavia and Central and Eastern Europe divisions.

For the full year group sales were up 12 per cent year on year to SEK 11,351 million and Group operating income up 14 per cent year on year to SEK 2,027 million with an operating margin of 18 per cent.

Categories: Articles, Business, Results