Annual Report 2003 - Modern Times Group MTG AB

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26 radio 1. Norway and Finland MTG owns 33% of Norway’s national commercial radio network, P4 Radio Hele Norge. The Norwegian Ministry of Culture awarded the new P5 licence to Radio P4 Hele Norge in June 2003, which provided P4 with 72% national coverage from 2004, compared to the former coverage of 93%. Despite being controversially stripped of its P4 licence, the station increased its daily share of radio listening to 25% or one million listeners. P4 achieved a 27% daily share of all radio listening in Norway and is the most listened to radio station amongst people under the age of 60. Sales amounted to NOK 215.6 million in 2003 and the station’s operating margin was 2.6%, reporting operating income of NOK 5.6 (30.1 ) million. MTG has a minority interest of 17% in Finland’s only national commercial radio network, Radio Nova. The network of 86 local stations has a 14% share of listening with 1,805,000 weekly listeners, generating sales growth of 12% and an operating profit of EUR 4.0 million in 2003. Eastern Europe Sales were up 19% year on year to SEK 12.7 million for the Baltic radio operations. MTG’s Baltic operations comprise the national STAR FM networks in Estonia and Latvia and the local Power Hit Radio stations in Tallinn and Vilnius. MTG Radio is continuously expanding in the Baltics and the most recent channel to be launched, at the beginning of 2003, was the urban youth Power Hit Radio format covering the largest Lithuanian cities. Operating income for the Baltic radio was SEK -0.3 million due to the start up costs for the Lithuanian radio station. MTG XL Format MTG XL Format is an outdoor advertising company that sells advertising on large billboards in key locations such as Stureplan, Sergels Torg and Hamngatan in Stockholm. The company was launched five years ago and today holds a market leading position with a market share of 39% in the “Mega Size” market. 2. 1. The Swedish Prime Minister, Göran Persson, after being interviewed by the RIX MorronZoo team. 2. Horace Engdahl (Permanent Secretary of the Swedish Academy) and Gert Fylking (RIX FM) have ‘finally’ made peace after Gert’s second surprise visit at the Swedish Academy’s nomination of the Nobel Prize winner for Literature.
1 2 1 1 1 1 2 1 1 1 2 With its extensive network of stations, MTG, is the leading radio company in Sweden. 1 1 2 1 1 1 1 1 1 1 1 1 1 MTG Radio holds market leading positions within most major cities in Sweden 1 Luleå 1 Skellefteå 1 Lycksele 1 Umeå 1 Östersund/Åre 1 Örnsköldsvik 1 Sundsvall 1 Hudiksvall 1 Gävle 1 Västerås 1 Karlstad 1 Örebro 1 Eskilstuna 1 Stockholm 2 Nyköping 1 Trestad 2 Göteborg 1 Borås 1 Jönköping 1 Varberg 1 Halmstad 2 Växjö 1 Helsingborg 1 Kristianstad 2 Malmö 27
Page 1 and 2: MTG Annual Report 2003
Page 3 and 4: MTG in brief. MTG’s business obje
Page 5 and 6: increased commercial share of viewi
Page 7 and 8: modern responsibility The Forum hel
Page 9 and 10: Board of directors From left: Asger
Page 11 and 12: Executive management For our friend
Page 13 and 14: 2003 TV3 Scandinavia recovers share
Page 15 and 16: 6000 4500 3000 1500 0 net sales, ms
Page 17 and 18: TV3 strengthened its position in th
Page 19 and 20: 1. Eastern Europe Eastern Europe -
Page 21 and 22: 1. 2. The 29.1% owned TV-channel, C
Page 23 and 24: 800 600 400 200 0 net sales, msek 2
Page 25 and 26: 1. 2. the popular Swedish sport eve
Page 27: 200 150 100 50 0 net sales, msek eb
Page 31 and 32: 800 600 400 200 0 net sales msek eb
Page 33 and 34: 1. 2. tv-shop 1. Splitender - anoth
Page 35 and 36: 500 375 250 125 0 2001 net sales 20
Page 37 and 38: The MTG share On New Year’s Eve 1
Page 39 and 40: of the license requirements. The ne
Page 41 and 42: Consolidated income statement SEK m
Page 43 and 44: Consolidated balance sheet SEK mill
Page 45 and 46: financial statements Consolidated s
Page 47 and 48: Parent company balance sheets SEK m
Page 49 and 50: financial statements Parent company
Page 51 and 52: Finance policy MTG’s financing an
Page 53 and 54: GEOGRAPHIC DISTRIBUTION External sa
Page 55 and 56: Note 7 Continued (SEK million) 2003
Page 57 and 58: Note 11 Continued Registered Share
Page 59 and 60: Note 11 Continued Registered Share
Page 61 and 62: Note 12 ACCOUNTS RECEIVABLE 31 Dec
Page 63 and 64: Note 20 CONTINGENT LIABILITES 31 De
Page 65 and 66: Note 23 Continued Pelle Törnberg w
Page 67 and 68: Auditor’s report Stockholm, March
Page 69 and 70: Definitions EBIT Earnings before in
Page 71 and 72: Viasat3 Hungary Felhévízi utca 24

Annual Report 2003 - Modern Times Group MTG AB

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