Brief: MTG Expects To Deliver Post-Tax Cash Conversion Levels Of 50-60% On Annualized Basis

Modern Times MTG AB

08/02/2024 06:42

Feb 8 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * MTG DELIVERS ON FULL YEAR GUIDANCE WITH RECORD ADJUSTED
EBITDA
AND STRONG CASH CONVERSION, REPORTS 7% SALES GROWTH IN Q4
    * MTG ORGANIC REVENUES GREW 3% YEAR OVER YEAR, DRIVEN BY
STRONG
RESULTS FROM PLAYSIMPLE.
    * WE CONTINUE TO EXPECT TO DELIVER POST-TAX CASH CONVERSION
LEVELS
OF 50-60% ON AN ANNUALIZED BASIS
    * LONG-TERM OUTLOOK IS FOR AN ORGANIC REVENUE CAGR OF 7% TO
10%,
WITH AN ESTIMATED AVERAGE ADJUSTED EBITDA MARGIN OF 23% TO 25%

Source text for Eikon:  ID:nWkr4bRg3Y 
Further company coverage:  MTGb.ST 

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