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Modern Times Group MTG AB (MTGb.ST)

MTGb.ST on Stockholm Stock Exchange

15 Dec 2017
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3.80kr (+1.08%)
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Latest Key Developments (Source: Significant Developments)

MTG CEO confirms 2017 forecasts
Wednesday, 29 Nov 2017 06:30am EST 

STOCKHOLM, Nov 29 (Reuters) - Swedish media firm MTG CEO Jorgen Madsen Lindemann to Reuters ahead of Wednesday's capital markets day::* Repeats sees higher sales, profit for MTG Group this year vs 2016.* Repeats expects MTGx, an important growth engine for the firm, to make its first profit in Q4 this year.* MTG made an operating profit of 1.35 bln SEK in 2016, on sales of 17.3 bln SEK.* MTG is in the midst of transforming from a traditional broadcaster into a digital entertainment firm, investing in online gaming, esports and digital video networks while divesting broadcasting operations.  Full Article

MTG Q3 operating profit just above forecast
Thursday, 19 Oct 2017 01:30am EDT 

Oct 19 (Reuters) - MTG AB :Q3 ‍sales of SEK 4,280m (3,657) with 7% organic growth​.Q3 ‍operating income up 83% to SEK 257m​.Reuters poll: MTG Q3 sales were seen at 4,195 million SEK, EBIT at 251 million SEK.Says ‍we have adjusted our expectations for MTGx's full year results​.Says ‍it remains our ambition to deliver a first quarterly profit for MTGx in Q4 of this year, but at a lower level than previously anticipated​.MTGx Q3 EBIT -38 million SEK vs -15.5 million SEK mean forecast.Says ‍this excludes potential non-cash write-down of up to SEK 35m​.Says ‍our objective remains to deliver profitable full year growth for group's continuing operations, as well as for Nordic Entertainment segment​.Says ‍organic sales development reflected 39% growth for MTGx businesses, including 49% organic esports sales growth​.  Full Article

MTG completes sale of baltic broadcasting businesses
Wednesday, 18 Oct 2017 05:30am EDT 

Oct 18 (Reuters) - MTG Ab says::Completes the sale of its baltic broadcasting businesses..Q3 ‍sale will result in a preliminary net capital gain, realized in Q4 results, of approximately SEK 580 million.​.  Full Article

MTG's Kongregate acquires Synapse Games
Thursday, 5 Oct 2017 09:00am EDT 

Oct 5 (Reuters) - Modern Times Group MTG AB :MTG's Kongregate acquires Synapse Games.Synapse’s five mobile games have so far been downloaded over 18.5 million times, and the company’s PC and mobile games have nearly 1 billion combined gameplays.Kongregate will operate Synapse as an independent studio..  Full Article

MTG Q2 operating income up 9 pct
Tuesday, 18 Jul 2017 01:30am EDT 

July 18 (Reuters) - Mtg Ab :Q2 sales of sek 4,246m (3,718) with 5% organic growth.Mtg ab says sales of sek 4,246m (3,718) with 5% organic growth.Mtg ab q2 operating income up 9% to sek 391m (360) before sek -23m (0) of items affecting comparability.Mtg ab says we expect more than 40% organic esports sales growth in second half of year.Mtg ab says we now expect to deliver a first quarterly profit for mtgx in q4 of this year..  Full Article

MTG to acquire U.S. cross platform games firm Kongregate
Tuesday, 20 Jun 2017 02:00am EDT 

June 20 (Reuters) - Modern Times Group MTG AB :MTG to acquire U.S. cross platform games publisher & developer Kongregate.Says Kongregate expected to generate net sales of at least $50 million in 2017 with an EBITDA margin of approximately 10 pct.Says MTG is acquiring 100 pct of Kongregate Inc from current owner Gamestop Corp. For an enterprise value of $55 million.  Full Article

MTG raises stake in online games developer InnoGames to 51 pct
Tuesday, 2 May 2017 02:00am EDT 

May 2 (Reuters) - MTG AB :MTG increases ownership in online games developer InnoGames.Says invests EUR 82.6 million to increase shareholding in innogames.Says invests to increase shareholding in InnoGames from 21% to 51%.Investment based on the same enterprise value of EUR 260 million for 100% of the business as for the original investment.Says will fully consolidate InnoGames with effect from May 1.  Full Article

MTG Q1 operating profit just lags expectations
Friday, 21 Apr 2017 01:30am EDT 

April 21 (Reuters) - MTG :Q1 sales of SEK 4,228 mln.Q1 operating income up 15 pct to SEK 183 mln.Reuters poll: MTG Q1 sales were seen at 4,244 million SEK, EBIT at 191 million SEK.  Full Article

MTG sells Baltic broadcasting businesses
Friday, 17 Mar 2017 03:30am EDT 

Modern Times Group Mtg Ab : Mtg sells Baltic broadcasting businesses . MTG sells its businesses in Estonia, Latvia and Lithuania to Providence Equity Partners . Cash transaction values 100% of business at an enterprise value of eur 115 million (approximately sek 1,094 million), equivalent to 12.0x FY 2016 EBIT . Closing is subject to regulatory approvals .Sale will result in a significant net capital gain, which will be reported within items affecting comparability (IAC).  Full Article

MTG says sees negative currency effects around 100 mln SEK in 2017
Thursday, 2 Feb 2017 02:07am EST 

MTG CEO Jorgen Madsen Lindemann tells Reuters : Says sees negative currency effects of around 100 million SEK ($11.5 mln) in 2017 . Says ambition is to grow revenues and profits in 2017 vs 2016 . Says keeps ambition for MTGx to be profitable in 2018 Further company coverage: [MTGb.ST] ($1 = 8.7325 Swedish crowns) (Reporting by Helena Soderpalm) ((stockholm.newsroom@thomsonreuters.com; +4687001017;)).  Full Article

BRIEF-MTG CEO confirms 2017 forecasts

STOCKHOLM, Nov 29 Swedish media firm MTG CEO Jorgen Madsen Lindemann to Reuters ahead of Wednesday's capital markets day: