MTG released its FY 17 results which were slightly above the consensus and our expectations in terms of the top line (respectively 1% and 1.2% above) but below when we come to the operating profit (respectively 3% and 0.6% below). Nothing to worry about, however, as the company has recorded a strong set of results and is pursuing its momentum. Sales reached SEK17,537m (1% above street consensus and 1.2% above ours), i.e. 7.7% organic growth and percolated into an EBIT before IAC of SEK1,264m
01 Feb 2018
Solid FY17 with continued growth and enhanced profitability
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Solid FY17 with continued growth and enhanced profitability
Modern Times Group MTG AB Class B (MRTA:FRA) | 0 0 2.0% | Mkt Cap: 25,262m
- Published:
01 Feb 2018 -
Author:
Véronique Cabioc'h -
Pages:
3
MTG released its FY 17 results which were slightly above the consensus and our expectations in terms of the top line (respectively 1% and 1.2% above) but below when we come to the operating profit (respectively 3% and 0.6% below). Nothing to worry about, however, as the company has recorded a strong set of results and is pursuing its momentum. Sales reached SEK17,537m (1% above street consensus and 1.2% above ours), i.e. 7.7% organic growth and percolated into an EBIT before IAC of SEK1,264m