Q4 2003 - Results for Fouth Quarter and Full Year 2003 MODERN TIMES GROUP MTG AB FINANCIAL RESULTS FOR THE PERIOD JANUARY - DECEMBER 2003 Stockholm, 10 February 2004 - Modern Times Group MTG AB ("MTG") (Stockholmsbörsen: MTGA, MTGB) today announced its preliminary financial results for the three months and twelve months ending 31 December 2003. FULL YEAR HIGHLIGHTS - NET SALES UP 5% TO SEK 6,311 (6,023) MILLION - NET INCOME INCREASED TO SEK 289 (-67) MILLION, INCLUDING NON-RECURRING ITEMS OF SEK -99 (37) MILLION - EARNINGS PER SHARE INCREASED TO SEK 4.36 (-1.00) FOURTH QUARTER HIGHLIGHTS - NET SALES OF SEK 1,731 (1,730) MILLION - OPERATING INCOME INCREASED TO SEK 249 (66) MILLION - 26,000 INCREASE IN NUMBER OF PREMIUM SUBSCRIBERS TO 439,000 - PAY-TV OPERATING MARGIN OF 23% (21%), INCLUDING SEK 29 MILLION WRITE DOWN OF VIACESS SMART CARDS - 14% INCREASE IN OPERATING INCOME FROM TV3 SCANDINAVIA TO SEK 73 (64) MILLION, INCLUDING PROVISION OF SEK 38 MILLION ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/10/20040318BIT20670/wkr0006.pdf The full report