For H1 15, MTG reported a flat organic revenue trend (up SEK149m on a reported basis to SEK7,855m) and flat recurring OP (+0.5% to SEK594m). This appears to be rather satisfactory considering the significant adverse forex impact over the period (SEK70m in Q2 after SEK75m in Q1) as well as continuing digital investments (recurring OP would have been +15% excluding the M&A transaction cost and adverse forex). Positively, over Q2, the group's audience shares and advertising prices improved i

07 Aug 2015
A slightly improving picture while pursuing its digital transformation

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A slightly improving picture while pursuing its digital transformation
Modern Times Group MTG AB Class B (MRTA:FRA) | 0 0 2.0% | Mkt Cap: 25,262m
- Published:
07 Aug 2015 -
Author:
Véronique Cabioc'h -
Pages:
3 -
For H1 15, MTG reported a flat organic revenue trend (up SEK149m on a reported basis to SEK7,855m) and flat recurring OP (+0.5% to SEK594m). This appears to be rather satisfactory considering the significant adverse forex impact over the period (SEK70m in Q2 after SEK75m in Q1) as well as continuing digital investments (recurring OP would have been +15% excluding the M&A transaction cost and adverse forex). Positively, over Q2, the group's audience shares and advertising prices improved i