Brief: Modern Times Group Q4 Adjusted EBITDA Up At SEK 193 Mln

Modern Times MTG AB

25/02/2021 13:08

Feb 25 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * MTG PUBLISHES Q4 OCTOBER-DECEMBER AND FULL YEAR 2020
FINANCIAL
RESULTS REPORT
    * Q4 NET SALES DECLINED BY 9 PERCENT TO SEK 1,064 (1,163)
MILLION
WITH A NEGATIVE IMPACT OF FOREIGN EXCHANGE RATES OF 6 PERCENT
    * Q4 ADJUSTED EBITDA OF SEK 193 (84) MILLION
    * ESPORT VERTICAL DELIVERED SIX MASTER PROPERTIES IN
QUARTER,
LEADING TO A SEQUENTIAL RECOVERY IN NET SALES
    * ESPORT VERTICAL DELIVERING POSITIVE ADJUSTED EBITDA RESULT
FOR
FIRST TIME
    * Q4 NET INCOME FROM CONTINUING OPERATIONS OF SEK 66 (-207)
MILLION
    * HIGH USER ENGAGEMENT LEADING TO GROWING AVERAGE REVENUE
PER
DAILY ACTIVE USER (ARPDAU)

Source text for Eikon:  ID:nWkr9wc02W 
Further company coverage:  MTGb.ST 

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