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Modern Times Group MTG AB (MTGb.ST)

MTGb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MTG increases ownership in ESL, writes down Zoomin.TV assets
Friday, 28 Sep 2018 

Oct 1 (Reuters) - Modern Times Group MTG AB ::MTG INCREASES OWNERSHIP IN ESL & WRITES DOWN ZOOMIN.TV ASSETS.MTG INCREASES OWNERSHIP IN ESL TO 82.48% FOR A CASH CONSIDERATION OF EUR 14.3 MILLION (APPROXIMATELY SEK 152 MILLION).RESULTING IN A NET NON-CASH PRELIMINARY GAIN OF SEK 7 MILLION TO BE REPORTED IN Q3 RESULTS.MTG WILL ALSO REPORT A NON-CASH COST RELATED TO ZOOMIN.TV OF SEK 169 MILLION WITHIN ITEMS AFFECTING COMPARABILITY IN ITS Q3 2018 FINANCIAL RESULTS.  Full Article

MTG expects deal to sell Nova Broadcasting to close in H2 2018-spokesman
Thursday, 19 Jul 2018 

July 19 (Reuters) - Modern Times Group MTG spokesman to Reuters::Says expects deal to sell Bulgarian Nova Broadcasting to close in H2 2018.A Bulgarian regulator said earlier on Thursday it had blocked the sale of Nova Broadcasting to PPF nL8N1UF37R.  Full Article

MTG Q2 core profit lags forecast
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Modern Times Group MTG AB ::MTG AB - RECORD Q2 SALES OF SEK 5,010M (4,246) WITH 9% ORGANIC GROWTH.MTG AB - Q2 OPERATING INCOME BEFORE IAC OF SEK 439M (391) INCLUDING TRANSACTION COSTS OF SEK 32M1.REUTERS POLL: MTG Q2 SALES WERE SEEN AT 5,012 MILLION SEK, ADJUSTED EBIT AT 476 MILLION SEK.MTG AB - Q2 MTGX SALES WERE UP 63% ON A REPORTED BASIS AND 25% ON AN ORGANIC BASIS.MTG AB - IN MTGX, TURNED A LOSS A YEAR AGO INTO AN EBITDA PROFIT OF SEK 34M THIS QUARTER, DUE TO CONTRIBUTION FROM INNOGAMES IN PARTICULAR.MTG AB - ESPORTS REVENUE GROWTH WILL BE LIMITED IN H2 BUT LOSSES WILL BE REDUCED..MTG AB - HAVE PAID OUT OUR RECORD HIGH DIVIDEND AND CONTINUE TO LOOK FOR M&A INVESTMENT AND CONSOLIDATION OPPORTUNITIES.  Full Article

MTG's NENT Group Acquires Remaining Shares In Splay
Monday, 18 Jun 2018 

June 18 (Reuters) - Modern Times Group MTG AB ::MTG'S NENT GROUP ACQUIRES REMAINING SHARES IN SPLAY.MTG 'S NORDIC ENTERTAINMENT GROUP HAS ACQUIRED REMAINING 4% OF SHARES IN SPLAY AB.ACQUISITION FROM A COMPANY CONTROLLED BY COMPANY'S CEO AND FOUNDER FOR A CASH CONSIDERATION OF SEK 8.8 MILLION.DEAL ALSO ACCOUNTS FOR A POTENTIAL DEFERRED VARIABLE CONSIDERATION BASED ON PERFORMANCE OF SPLAY AB IN FIRST HALF YEAR OF 2018.  Full Article

MTG says completes sale of stake in TRACE media group
Tuesday, 15 May 2018 

May 15 (Reuters) - Modern Times Group MTG AB ::SAYS PREVIOUSLY ANNOUNCED SALE OF ALL OF MTG'S 75% SHAREHOLDING IN TRACE MEDIA GROUP CLOSED.SAYS SELLS TO TPG GROWTH FOR A TOTAL CASH CONSIDERATION OF EUR 30 MILLION (APPROXIMATELY SEK 313 million).SAYS SALE WILL RESULT IN A PRELIMINARY NET CAPITAL GAIN OF APPROXIMATELY SEK 58 MILLION.  Full Article

MTG Q1 operating profit beats expectations
Monday, 23 Apr 2018 

April 23 (Reuters) - Modern Times Group MTG AB ::Q1 RECORD Q1 SALES OF SEK 4,674M (3,704) WITH 9% ORGANIC GROWTH.Q1 - OPERATING INCOME BEFORE IAC OF SEK 237M (137) INCLUDING TRANSACTION COSTS OF SEK 12M (6).Q1 - TOTAL OPERATING INCOME OF SEK 220M (137) INCLUDING SEK -17M (0) OF ITEMS AFFECTING COMPARABILITY.REUTERS POLL: MTG Q1 SALES WERE SEEN AT 4,502 MILLION SEK, EBIT AT 209 MILLION SEK.SAYS OUR DIGITAL SALES WERE UP 88% IN Q1 AND ACCOUNTED FOR 35% OF TOTAL SALES.SAYS MTGX SALES WERE UP 226% ON A REPORTED BASIS AND 27% ON AN ORGANIC BASIS.MTGX: SAYS WE TURNED THE REPORTED EBITDA LOSS A YEAR AGO INTO A PROFIT OF SEK 45M WITH THE HELP OF THE CONTRIBUTION FROM INNOGAMES.  Full Article

MTG CEO confirms 2017 forecasts
Wednesday, 29 Nov 2017 

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 

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 

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

NENT takes on Netflix in battle for Nordic streaming market as it readies for listing

STOCKHOLM, Oct 4 Nordic Entertainment Group (NENT) hopes to lure investors with robust growth in streaming when it is spun off from Sweden's MTG next year, betting that its Scandi dramas will help it narrow the gap with market leader Netflix.