Modern Times Group reported a solid and above consensus +7% Q3 organic revenue growth (Q3 net sales at SEK4.28bn) as well as a slightly better than expected Q3 OP (SEK257m; margin at 6% versus 3.8% a year earlier). Positively, Nordic Entertainment, International Entertainment and MTG Studios all reported improved profits and margins. The main disappointment came from the digital and e-sports division MTGx (currently a high centre of interest for investors) with further losses due to the exten

23 Oct 2017
MTGx remains the main swing factor…
Modern Times Group MTG AB Class B (MRTA:FRA) | 0 0 2.0% | Mkt Cap: 25,262m
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Véronique Cabioc'h
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3 pages
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MTGx remains the main swing factor…
Modern Times Group MTG AB Class B (MRTA:FRA) | 0 0 2.0% | Mkt Cap: 25,262m
- Published:
23 Oct 2017 -
Author:
Véronique Cabioc'h -
Pages:
3 -
Modern Times Group reported a solid and above consensus +7% Q3 organic revenue growth (Q3 net sales at SEK4.28bn) as well as a slightly better than expected Q3 OP (SEK257m; margin at 6% versus 3.8% a year earlier). Positively, Nordic Entertainment, International Entertainment and MTG Studios all reported improved profits and margins. The main disappointment came from the digital and e-sports division MTGx (currently a high centre of interest for investors) with further losses due to the exten