Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Info MTG is weathering economic storm at General Satellite News forum; MTG is weathering economic storm Chris Forrester Modern Times Group is best-known for its Viasat pay-TV platform over Scandinavia. CEO ...

LinkBack Thread Tools Display Modes
Info MTG is weathering economic storm
Bacteria's Avatar
Posts: 96,016

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 90629
Experience: 68%

Thanks: 1,107
Thanked 5,577 Times in 1,419 Posts
Join Date: Oct 2006
Age: 35
Info MTG is weathering economic storm - 25-April-2009, 11:30

MTG is weathering economic storm

Chris Forrester

Modern Times Group is best-known for its Viasat pay-TV platform over Scandinavia. CEO Hans-Holger Albrecht, in a discussion on MTGs Q1 results, said the broadcaster is well positioned to weather the financial crisis. He had earlier unveiled sales revenues that were up an impressive 13% y-o-y, to 236m (SEK2.6bn).

Viasats pay-TV business saw 6,000 new subscribers added during Q1, giving it a total of 760,000 at the end of March, including a very useful 94,000 IPTV subs, with IPTV growth up 16,000 on the December 2008 period. However, as IPTV subscribers grew Albrecht said Viasat lost 10,000 DTH subscribers. ARPU was up 14% year-on-year to SEK4,325, which Albrecht said was helped by previous price increases, plus Multiroom and HDTV revenues also helping ARPU positively.

Albrecht said he was optimistic about Scandinavias TV prospects remaining robust despite the economic downturn. However, costs were also up (12%) as new channels were launched and the costs of tempting new digital viewers meant that Subscriber Acquisition Costs grew.

Albrecht added: These results illustrate the benefits of operating a balanced broadcasting business, which combines content ownership and distribution, and generates an almost equal mix of subscription and advertising revenues from multiple channels in multiple territories. Despite the deterioration in the market environment, this successful model has delivered another quarter of double digit sales growth, a 15% increase in the Groups underlying operating profitability and an operating margin of over 20%.

Our media house strategy and increased penetration levels in Scandinavia have enabled us to grow in declining markets, and we are selectively investing to take share in the emerging markets. We continue to adjust our operations to the challenging market conditions, but our position as the primary challenger in most of the markets where we operate provides opportunities to enhance our longer term potential and performance through the downturn. We have strong operating cash flows and our financial position is comfortable with low levels of borrowing and no debt maturities in 2009.

MTG Quarter Highlights
Group net sales up 10% year on year to SEK 3,336 (3,042) million
Group operating income up 15% year on year to SEK 688 (596) million with an operating margin of 21% (20%) when excluding SEK -454 million participation in non-cash intangible asset impairment by associated company CTC Media
Total Group operating income of SEK 233 (596) million
Total pre-tax profit of SEK 195 (583) million, and SEK 649 (583) million when excluding MTGs SEK -454 million share in CTC Medias asset impairment charge
Net income of SEK 146 (397) million
Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.