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MTG reports higher Q4 net sales and profits, MTGx net sales fall

Tuesday 5 February 2019 | 12:25 CET | News
Modern Times Group has reported higher net sales and profit in the fourth quarter of 2018, as it prepares to split into MTG for gaming and e-sports on the one hand and Nordic Entertainment (NENT) for broadcasting, streaming and studios on the other. Net sales rose to SEK 5.38 billion from SEK 5.31 billion in Q4 2017, with 1 percent organic growth. Operating income before items affecting comparability (IAC) rose to SEK 568 million from SEK 478 million, including SEK 6 million in split-related transaction costs.

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Categories: Broadcast & Satellite / Internet
Companies: Kongregate / Modern Times Group / Nordic Entertainment / Nova
Countries: Scandinavia / Sweden
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