Modern Times Group MTG AB (MTGb.ST)

MTGb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

MTG invests in Innogames, enters online gaming market
Thursday, 13 Oct 2016 

Modern Times Group Mtg Ab : Says invests in innogames and enters multi-billion dollar online gaming market . Says has entered into an agreement to acquire 35 pct of Innogames . Says has an option to acquire a further 16 pct of company at same valuation . Says Innogames has expected revenues of approximately EUR 125 mln in 2016 and an EBITDA margin of approximately 20 pct. . Says the acquisition will be EPS accretive in year one . Says transaction is based on an enterprise value of eur 260 mln euros for 100 pct of company . The transaction is subject to German and Austrian merger approvals. Further company coverage: [MTGb.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

MTG says issues SEK 500 mln bond
Tuesday, 27 Sep 2016 

Modern Times Group (MTG) : Says issues SEK 500 million bond . Says the four year corporate bond extends debt maturity profile .Says the notes have been placed with Swedish and international investors, and the coupon is based on the three month STIBOR rate plus 1.4 plus.  Full Article

MTG launches Viaplay in the Baltics
Thursday, 28 Jul 2016 

MTG AB : MTG launches Viaplay in the Baltics . Partnership with Tele2 to make Viaplay available to mobile subscribers Further company coverage: [MTGb.ST] ((stockholm.newsroom@reuters.com)).  Full Article

MTG Q2 operating profit just above forecast
Tuesday, 19 Jul 2016 

MTG : Q2 sales of SEK 4,328m (4,155) and operating income of SEK 472m (452) . Says our objective remains to accelerate our sales growth and increase our operating profits for full year . MTG says Q3 sales are expected to be up again compared to same period of last year, but profits will be down as we see impact of new and renewed sports rights in Nordics in particular, as well as ongoing adverse fx effects .Reuters poll: MTG Q2 sales were seen at 4,434 million SEK, EBIT 469 million SEK [nL8N1A039D].  Full Article

MTG signs new TV distribution agreement with Telenor
Wednesday, 29 Jun 2016 

Modern Times Group Mtg Ab says : Signs new multi-year agreement for the broader distribution of MTG's TV channels on Telenor's networks across the Nordic region. .The extended and expanded agreement covers the distribution of MTG's free-TV channels on Telenor's cable, satellite and IPTV networks in Sweden and Norway, and satellite platform in Denmark..  Full Article

MTG says buys 22 pct stake in Engage Sports Media
Wednesday, 25 May 2016 

MTG AB : Says invests in Engage Sports Media (EMS) . Says buys 22 percent stake with the option to increase its holding in the future .Says ESM enables premium sports rights owners to digitalise and monetize their content for global audiences, by making it available online, on demand and on mobile.  Full Article

MTG says receives payment for CTC Media stake sale
Monday, 23 May 2016 

MTG AB : Says has received payment for shares in CTC Media .Says has completed the sale of its 38 percent shareholding with cash payment received amounting to a total of USD 123.0 million, which is equivalent to SEK 1,023 million.  Full Article

BRIEF-MTG to sell Nova Group in Bulgaria