MODERN TIMES GROUP MTG AB FINANCIAL RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED 31 DECEMBER 2005
Stockholm, 16 February 2006 – Modern Times Group MTG AB (“MTG”) (Stockholmsbörsen: MTGA, MTGB) today announced its preliminary financial results for the fourth quarter and twelve months ended 31 December 2005. The Group’s consolidated accounts have been prepared according to International Financial Reporting Standards (IFRS). FOURTH QUARTER HIGHLIGHTS - Group net sales up 27% to SEK 2,463 (1,934) million - Group operating income almost doubled to SEK 543 (272) million - Strong sales growth and margin improvement in all three broadcasting segments - Free-to-air TV Scandinavia, Pay-TV Nordic