November 29, 2017 / 11:46 AM / 12 days ago

BRIEF-MTG CEO confirms 2017 forecasts

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 ($1 = 8.3234 Swedish crowns) (Reporting by Helena Soderpalm)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below