Updated Mar 17, 2026 by Modern Times Group
Modern Times Group achieved an 11% increase in net sales to SEK 15.7 billion in 2014, driven by 4% organic growth and 7% growth from acquisitions.
Operating profit declined by 3–4% to approximately SEK 1.3 billion, resulting in an 8.1% operating margin for the year.
The company significantly strengthened its balance sheet by reducing net debt to 0.2x EBITDA, which is half the level recorded in 2013.
Shareholders received a cash dividend of SEK 10.50 per share, totaling SEK 700 million and representing 57% of net income.
Segment performance varied, with Pay-TV Nordic reporting an 8% revenue increase and 14% profit growth, while Free-TV Scandinavia saw flat revenue and a slight profit decline.
Broadcasting remained the primary revenue driver, contributing SEK 13.2 billion in revenue and SEK 2.12 billion in operating profit.
At year-end 2014, the company held a market capitalization of SEK 16.8 billion, with the ten largest shareholders controlling 64% of voting rights.
Modern Times Group achieved an 11% increase in net sales to SEK 15.7 billion in 2014, driven by 4% organic growth and 7% growth from acquisitions.
Operating profit declined by 3–4% to approximately SEK 1.3 billion, resulting in an 8.1% operating margin for the year.
The company significantly strengthened its balance sheet by reducing net debt to 0.2x EBITDA, which is half the level recorded in 2013.
Shareholders received a cash dividend of SEK 10.50 per share, totaling SEK 700 million and representing 57% of net income.
Segment performance varied, with Pay-TV Nordic reporting an 8% revenue increase and 14% profit growth, while Free-TV Scandinavia saw flat revenue and a slight profit decline.
Broadcasting remained the primary revenue driver, contributing SEK 13.2 billion in revenue and SEK 2.12 billion in operating profit.
At year-end 2014, the company held a market capitalization of SEK 16.8 billion, with the ten largest shareholders controlling 64% of voting rights.