Brief: MTG Full Year Outlook Maintained

Modern Times MTG AB

20/07/2023 06:37

July 20 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * STRONG SEQUENTIAL GROWTH AND HEALTHY MARGINS IN Q2 SUPPORT
FULL
YEAR OUTLOOK
    * Q2 ADJUSTED EBITDA OF SEK 397 (357) MILLION WITH AN
ADJUSTED
EBITDA MARGIN OF 27% (26%)
    * Q2 NET SALES INCREASED BY 6% YEAR OVER YEAR TO SEK 1,458
(1,379)
MILLION AND WERE DOWN BY -2% YEAR OVER YEAR IN CONSTANT
CURRENCIES
    * FULL YEAR OUTLOOK MAINTAINED
    * Q2 USER ACQUISITION SPEND OF SEK 563 (500) MILLION
CORRESPONDING
TO 39% OF REVENUES

Source text for Eikon:  ID:nWkr8FMhQq 
Further company coverage:  MTGb.ST 

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