Sweden’s Modern Times Group (MTG) has announced a set of strategic objectives to be achieved by 2011. Outlined at the Capital Markets Day being held today in London, they are:
• To report group net sales of SEK20 billion (€2.15 billion) in 2011, with more than 10% organic annual sales growth
• Viasat Broadcasting’s current CEE operations to generate net sales of SEK5 billion in 2011
• An operating (EBIT) margin for Viasat Broadcasting (excluding Russia’s CTC Media) of over 20% by the end of 2011
• Current Viasat Broadcasting CEE operations (including CTC Media) to generate higher profit (EBIT) than rest of Viasat Broadcasting by 2011
• A 30% return on equity for MTG for 2007-2011