MTG announced in line Q1 17 revenues of SEK4,238m, up 10.5% on a reported basis, and reflecting a solid +7.9% organic growth. Conversely, although driven by the Nordic and International entertainment businesses, the operating profit improved by only SEK24m to SEK183m (Q1 16 was SEK159m), which is a bit short against the SEK200m of consensus and reflects continuing investments in the new digital activities (i.e. e-sport) as well as the US$ appreciation impact on content costs. The operating ma
21 Apr 2017
A still costly transformation
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A still costly transformation
Modern Times Group MTG AB Class B (MRTA:FRA) | 0 0 2.0% | Mkt Cap: 25,262m
- Published:
21 Apr 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
MTG announced in line Q1 17 revenues of SEK4,238m, up 10.5% on a reported basis, and reflecting a solid +7.9% organic growth. Conversely, although driven by the Nordic and International entertainment businesses, the operating profit improved by only SEK24m to SEK183m (Q1 16 was SEK159m), which is a bit short against the SEK200m of consensus and reflects continuing investments in the new digital activities (i.e. e-sport) as well as the US$ appreciation impact on content costs. The operating ma