Modern Times Group has just reported Q4 and FY16 slightly above our expectations. Q4 sales rose by 10.4% and +8.4% on an organic basis (Q4 15 organic revenue growth had been flat), i.e. accelerating after the already strong +7.4% organic performance in Q3. The last quarter’s recurring OP reached SEK554m, up 28%, mainly impacted by M&A costs and currency effects. For the full year, total revenues amounted to SEK17,299m, up 5.4% from FY15 and 0.7% above our expectations, as the +5% or
02 Feb 2017
Showing the fruits of its transformation strategy
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Showing the fruits of its transformation strategy
Modern Times Group MTG AB Class B (MRTA:FRA) | 0 0 2.0% | Mkt Cap: 25,262m
- Published:
02 Feb 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
Modern Times Group has just reported Q4 and FY16 slightly above our expectations. Q4 sales rose by 10.4% and +8.4% on an organic basis (Q4 15 organic revenue growth had been flat), i.e. accelerating after the already strong +7.4% organic performance in Q3. The last quarter’s recurring OP reached SEK554m, up 28%, mainly impacted by M&A costs and currency effects. For the full year, total revenues amounted to SEK17,299m, up 5.4% from FY15 and 0.7% above our expectations, as the +5% or