MTG SELLS ‘ECL’ LOGISTICS BUSINESS
Modern Times Group MTG AB, the international media group, today
announced that it has sold its ‘ECL’ logistics subsidiary to Tradimus
AB. Tradimus will continue to provide distribution and fulfilment
services for MTG’s CDON and TV-Shop companies. The sale of ECL will have
no significant impact on MTG’s results.
Hans-Holger Albrecht, President and CEO of MTG, commented: “The co-
operation with Tradimus will enable us to focus on what we do best –
marketing and sales. The outsourcing of distribution and fulfilment will
reduce our fixed costs and Tradimus will focus on further improving the
service to CDON and TV-Shop customers”.
For further information, please visit www.mtg.se, email email@example.com, or
Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50
Matthew Hooper, Investor & Press Enquiries tel: +44 (0) 20 7321 5010
Modern Times Group MTG AB has five business areas: Viasat Broadcasting
(free-to-air and pay-TV broadcasting operations in nine countries and
teletext operations in four countries), Radio (seven national networks
or local stations in five countries), TV-Shop (home shopping and
logistics), SDI Media (subtitling and dubbing services), and Modern
Studios (content production and distribution).
Modern Times Group MTG AB class A and B shares are listed on the
Stockholmsbörsen O-list (symbols: MTGA and MTGB) and ADRs are listed on
the Nasdaq National Market (symbol: MTGNY).
Tradimus AB, a business process management company founded on industrial
methodology, improves the profitability of its European clients by
assuming responsibility for their order, supply and administration
processes (incl. operations and IT). Headquartered in Sweden, Tradimus’
major shareholders include Volvo, Hexagon, 3i and Ardizia de
Inversiones. For further information, please visit www.tradimus.com or e-
This press release contains certain “forward-looking statements” with
respect to our expectations and plans, strategy, management’s
objectives, future performance, costs, revenues, earnings and other
trend information. It is important to note that our actual results in
the future could differ materially from those anticipated in forward-
looking statements depending on various important factors. Please refer
to the documents we have filed with the U.S. Securities and Exchange
Commission under the U.S. Securities Exchange Act of 1934, as amended,
including our most recent annual report on Form 20-F, for a discussion
of certain of these factors.
All forward-looking statements in this press release are based on
information available to us on the date hereof. All written or oral
forward-looking statements attributable to Modern Times Group, any
Modern Times Group members or persons acting on our behalf are expressly
qualified in their entirety by the factors referred to above. We do not
intend to update these forward-looking statements.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download: