Annual Report 2010

If 2009 demonstrated the benefit of half of our revenues coming from non-cyclical (pay-TV) subscription revenues, then 2010 highlighted the advantage of generating the other half of our revenues from cyclical (free-TV) advertising revenues − the best of both worlds!

CEO's Review

"MTG is Made To Grow and 2010 was another year of industry leading growth. 4% sales growth at constant exchange rates in 2009 during the recession was followed by 12% sales growth in 2010 as economies stabilised or returned to growth around the world."

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CFO's Review

"The Board has now proposed a 36% higher annual cash dividend of SEK 7.50 per share to this year’s AGM. This is in addition to the SEK 2 billion of market value distributed to shareholders in the form of CDON Group shares in December."

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