MTG: Financial Results For The First Quarter Of 2004

Stockholm, SWEDEN


STOCKHOLM, Sweden, April 20, 2004 (PRIMEZONE) -- Modern Times Group MTG AB ("MTG") (Stockholmsborsen: MTGA, MTGB) today announced its financial results for the three months ended 31 March 2004.



 - GROUP NET SALES UP 4% TO SEK 1,571 (1,513) MILLION 
 - TV3 SCANDINAVIA NET SALES UP 10% TO SEK 487 (442) MILLION 
 - GROUP OPERATING INCOME UP 6% TO SEK 85 (80) MILLION 
 - NET INCOME OF SEK 22 (21) MILLION
 - EARNINGS PER SHARE OF SEK 0.33 (0.32) 
 - DIGITAL PAY-TV SUBSCRIBER BASE UP TO 637,000 (629,000)

For further information, please visit www.mtg.se, email info@mtg.se, or contact:



 Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50 
 Mia Brunell Chief Financial Officer tel: +46 (0) 8 562 000 50 
 Matthew Hooper, Investor & Press Enquiries tel: +44 (0) 7768 440 414

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2004/04/20/20040420BIT20950/wkr0001.pdf

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