0
Broadband

MTG lifts Q3 operating profit 28%, sales up 3% on organic basis

Tuesday 23 October 2018 | 12:26 CET | News
Modern Times Group (MTG) said that the third quarter of 2018 was another quarter of top and bottom line growth, with a 28 percent increase in operating profits, even when including SEK 7 million of transaction costs related to the proposed split next spring into MTG (e-sport, gaming and digital entertainment) and Nordic Entertainment (broadcasting, production and social media ads). Third quarter sales grew 3 percent on an organic basis to SEK 4.68 billion from SEK 4.28 billion a year earlier.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: Modern Times Group / Nordic Entertainment / Nova
Countries: Sweden
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTG forms eAllsvenskan with Swedish Elite Football Association for EA FIFA tournament

Published 31 Jan 2019 12:03 CET | Sweden
Modern Times Group (MTG) said that its electronic sports company DreamHack has signed an agreement with the Swedish Elite ...

MTG aims to change issuer name to NENT for SEK 500 mln bonds maturing in 2020

Published 17 Jan 2019 16:46 CET | Sweden
Modern Times Group (MTG) said that it is soliciting approval from holders of its bonds number ISIN SE0009163462, amounting to SEK ...

MTG EGM to vote on up to 20% B share issue after NENT split, MTG plans no dividends in foreseeable future

Published 15 Jan 2019 12:20 CET | Sweden
Modern Times Group has called an Extraordinary General Meeting (EGM) for 07 February to vote on the distribution of all the ...

NENT forms UK scripted drama joint venture with FilmNation

Published 09 Jan 2019 14:17 CET | United Kingdom
FilmNation Entertainment and Nordic Entertainment Group (NENT Group) are forming a UK-based scripted television joint venture ...

MTG drops deal to sell Nova to PPF, starts talks with new potential buyers

Published 08 Jan 2019 12:06 CET | Bulgaria | Update: 08 Jan 2019 12:56 CET
Modern Times Group (MTG) said that it has secured a SEK 1 billion credit facility from Nordea, to provide more funding after the ...

MTG says Turtle, Dreamhack grant broadcasting rights to Denmark's TV 2

Published 06 Dec 2018 12:51 CET | Denmark
Modern Times Group (MTG) said that its e-sports companies Turtle Entertainment and Dreamhack have signed a broadcasting deal with ...

MTG venture capital fund has invested in 11 start-ups in first year

Published 04 Dec 2018 12:31 CET | Sweden
Modern Times Group (MTG) said it has provided financing for eleven companies since it launched its USD 30 million venture capital ...

Netflix Q3 Swedish home penetration up 40% vs 31% global growth

Published 25 Oct 2018 13:48 CET | Sweden
Netflix' Swedish household penetration rose by nearly 400,000 or 40 percent to almost 1.45 million in the third quarter of 2018, ...

Nordic Entertainment launches Viaplay TV in Finland

Published 24 Oct 2018 11:49 CET | Finland
Nordic Entertainment Group (NENT) said it has launched Viaplay TV in Finland, enabling viewers there to watch more than fifteen ...

MTG's DreamHack ties up with Discovery Networks to form FIFA eSuperliga in Denmark

Published 11 Oct 2018 13:24 CET | Denmark
Modern Times Group (MTG) said its DreamHack electronic sports and digital festival arm has formed a multi-year media partnership ...

MTG lifts stake in Turtle to 82.48%, writes down Zoomin.TV assets

Published 01 Oct 2018 11:50 CET | Sweden
Modern Times Group (MTG) said it has increased stake in Turtle Entertainment, the operator of the ESL brand, by 8.44 percent to ...

NENT wins exclusive Danish rights to air men's UEFA Euro 2020, sublicenses some rights to DR

Published 19 Sep 2018 12:02 CET | Denmark
Nordic Entertainment Group (NENT Group) said it has acquired the exclusive Danish rights to the 2020 UEFA European Football ...

NENT names new Norwegian head as Aass becomes group content advisor

Published 18 Sep 2018 12:21 CET | Norway
Nordic Entertainment Group (NENT Group) said it has appointed Vegard Klubbenes Drogseth as CEO of NENT Norway. Drogseth succeeds ...

NENT plans to list shares in March, appoints new directors to board

Published 11 Sep 2018 12:19 CET | Sweden
Modern Times Group (MTG) has announced plans to list spin-off company Nordic Entertainment Group's (NENT's) shares early next ...

MTG says Kinnevik completes distribution of MTG shares

Published 17 Aug 2018 11:48 CET | Sweden
Modern Times Group (MTG) said that investment group Kinnevik has completed its distribution of all of its MTG shares to its ...





Calendar   /   Industry Events

04 Aug Twilio Q2 2020
04 Aug Boingo Wireless Q2 2020
04 Aug Allot Q2 2020
04 Aug NeoPhotonics Q2 2020
04 Aug Inphi Q2 2020
04 Aug Otelco Q2 2020
04 Aug Softbank fiscal Q1
04 Aug TIM Q2 2020
04 Aug Arista Networks Q2 2020
05 Aug NetLink NBN Trust fiscal Q1
05 Aug Maxar Q2 2020
05 Aug TeraGo Q2 2020
05 Aug Smith Micro Software Q2 2020
05 Aug Inseego Q2 2020
05 Aug Infinera Q2 2020
05 Aug Fitbit Q2 2020
05 Aug Ribbon Communications Q2 2020
05 Aug Synaptics fiscal Q4
05 Aug Dasan Zhone Solutions Q2 2020
05 Aug Dialog Semiconductor Q2 2020
05 Aug Roku Q2 2020
05 Aug CenturyLink Q2
05 Aug Magyar Telekom Q2 2020
05 Aug Extreme Networks fiscal Q4
05 Aug Zynga Q2 2020
05 Aug Samsung Galaxy Unpacked event
06 Aug Cincinnati Bell Q2 2020
06 Aug OTE Q2 2020
06 Aug Deutsche Telekom Q2 2020
06 Aug NortonLifeLock fiscal Q1
::: More Calendar Items