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Last kr230.80 SEK
Change Today +3.30 / 1.45%
Volume 259.7K
As of 10:57 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

modern times group-b shs (MTGB) Snapshot

Open
kr228.30
Previous Close
kr227.50
Day High
kr230.90
Day Low
kr227.10
52 Week High
04/16/15 - kr293.30
52 Week Low
10/16/14 - kr199.70
Market Cap
15.6B
Average Volume 10 Days
467.2K
EPS TTM
kr20.72
Shares Outstanding
61.8M
EX-Date
05/20/15
P/E TM
11.1x
Dividend
kr11.00
Dividend Yield
4.78%
Current Stock Chart for MODERN TIMES GROUP-B SHS (MTGB)

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modern times group-b shs (MTGB) Details

Modern Times Group MTG AB, an entertainment broadcasting company, engages in the free-TV, pay-TV, digital entertainment, radio, and content production businesses. It operates through six segments: Free-TV Scandinavia; Pay-TV Nordic; Free-TV Emerging Markets; Pay-TV Emerging Markets; CTC Media; and Nice Entertainment, MTGx and Radio businesses. The Free-TV Scandinavia segment operates as a commercial free-TV broadcaster in Scandinavia. The Pay-TV Nordic segment markets and sells pay-TV packages on the direct-to-home (DTH) satellite platform, the online platform, and third party Internet protocol television and cable networks, as well as distributes its 37 pay-TV channels through third party pay-TV networks. The Free-TV Emerging Markets segment provides commercial free-TV broadcasting services, including a total of 24 free-TV channels in the Baltics, the Czech Republic, Bulgaria, Hungary, Ghana, and Tanzania. The Pay-TV Emerging Markets segment markets and sells pay-TV packages on the DTH satellite platforms in the Baltics and Ukraine; and Raduga TV DTH satellite platform in Russia, as well as distributes 36 channels through third party pay-TV networks to subscribers in 36 countries in Central and Eastern Europe, Africa, and the United States. The CTC Media segment offers commercial television broadcasting services in Russia. The Nice Entertainment, MTGx and Radio businesses segment is involved in the content production businesses in Scandinavia, Europe, and Africa; commercial radio network operations in Sweden, Norway, and Baltics; and development of digital products, as well as owns equity stakes in a Finnish national commercial radio network. The company was founded in 1987 and is headquartered in Stockholm, Sweden.

4,001 Employees
Last Reported Date: 04/7/15
Founded in 1987

modern times group-b shs (MTGB) Top Compensated Officers

Chief Executive Officer and Group President
Total Annual Compensation: kr16.5M
Compensation as of Fiscal Year 2014.

modern times group-b shs (MTGB) Key Developments

Modern Times Group Launches Restructuring Programme; to Shed Around 300 Jobs in Sweden, Norway, Denmark and the UK

Modern Times Group announced that it has taken the step in its transformation by launching a restructuring programme. The company's objective is to drive the group's ongoing digital transformation, fuel investments in the group's existing businesses, and to enable the group to continue to generate profitable growth. It adds that 'the new structure will realign a wide range of functions, increase efficiency levels across the business, yield savings to offset the significant adverse currency effects that the group faces and enable reinvestment in the group's core business and continued digital expansion. Restructuring costs will amount to around SEK 700 million with redundancies accounting for 60% of the total and impairment the remaining 40%. They will be charged against third quarter operating income as a non-reoccuring item. Annual savings of the restructuring will amount to SEK 600 million and be fully effective from 2017. The company announced that it will shed a total of around 300 jobs in Sweden, Norway, Denmark and the UK, as well as impair content and other assets.

Modern Times Group Mtg AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Modern Times Group Mtg AB reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of SEK 4,155 million compared to SEK 4,109 million a year ago. Operating income before non-recurring items was SEK 452 million compared to SEK 473 million a year ago, including M&A transaction costs and adverse currency effects. Net income from continuing operations was SEK 360 million or SEK 4.98 per basic share compared to SEK 227 million or SEK 3.02 per basic share a year ago. Total net loss was SEK 58 million or SEK 1.30 per basic share compared to Total net income of SEK 307 million or SEK 4.21 per basic share a year ago. Cash flow from continuing operations was SEK 373 million compared to SEK 420 million a year ago. Net debt was SEK 913 million compared to SEK 987 million a year ago. Total EBIT was SEK 452 million compared to SEK 318 million a year ago. For the six months, the company reported sales of SEK 7,855 million compared to SEK 7,706 million a year ago. Operating income before non-recurring items was SEK 594 million compared to SEK 591 million a year ago. Net income from continuing operations was SEK 524 million or SEK 7.59 per basic share compared to SEK 273 million or SEK 3.74 per basic share a year ago. Total net income was SEK 260 million or SEK 3.63 per basic share compared to total net income of SEK 466 million or SEK 6.64 per basic share a year ago. Cash flow from continuing operations was SEK 484 million compared to SEK 546 million a year ago. Net debt was SEK 913 million compared to SEK 987 million a year ago. Total EBIT was SEK 672 million compared to SEK 437 million a year ago.

Modern Times Group Mtg AB, Q2 2015 Earnings Call, Jul 21, 2015

Modern Times Group Mtg AB, Q2 2015 Earnings Call, Jul 21, 2015

 

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Industry Analysis

MTGB

Industry Average

Valuation MTGB Industry Range
Price/Earnings 9.6x
Price/Sales 0.8x
Price/Book 2.9x
Price/Cash Flow 13.2x
TEV/Sales 0.7x
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