MTG reports record Q3 sales

Swedish media group MTG (Modern Times Group) has posted record Q3 sales of SEK 4,683 million (451.6m) with 3 per cent organic growth.

In a statement, Jørgen Madsen Lindemann, President & CEO of MTG, said: “This was another quarter of top and bottom line growth. Our continued organic sales growth was complemented by a 28 per cent increase in operating profits, even when including SEK 7m of transaction costs related to the proposed split of MTG.”

Source: MTG reports record Q3 sales