MTG reported a solid Q3 top-line performance, with revenues at SEK4.13bn up 7.4% organically (the highest since Q2 11), implying a +4.3% performance year-to-date (compared to +1% for 9 month 2015). The group’s digital sales were particularly solid, rising by 60% on an organic basis. Although the reported adjusted EBIT (SEK162m) was c.6% below market expectations (affected as expected by content investments, the MTGx expansion, an adverse forex impact and the disposal of profitable busin
25 Oct 2016
On its path from traditional broadcasting to digital entertainment
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On its path from traditional broadcasting to digital entertainment
Modern Times Group MTG AB Class B (MRTA:FRA) | 0 0 2.0% | Mkt Cap: 25,262m
- Published:
25 Oct 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
MTG reported a solid Q3 top-line performance, with revenues at SEK4.13bn up 7.4% organically (the highest since Q2 11), implying a +4.3% performance year-to-date (compared to +1% for 9 month 2015). The group’s digital sales were particularly solid, rising by 60% on an organic basis. Although the reported adjusted EBIT (SEK162m) was c.6% below market expectations (affected as expected by content investments, the MTGx expansion, an adverse forex impact and the disposal of profitable busin