Sweden's MTG posts Q1 profit rise, but pandemic continues to hurt

Modern Times MTG AB

29/04/2021 13:20

STOCKHOLM, April 29 (Reuters) - Swedish e-sports and gaming
firm MTG  MTGb.ST  on Thursday reported a rise in earnings, but
said its business continued to be adversely impacted by the
coronavirus pandemic, particularly as live audience events
remain postponed. 
    The company said its first-quarter adjusted operating profit
(EBITDA) rose to 100 million Swedish crowns ($12.00 million)
from a 21 million loss a year earlier, while sales increased
slightly to 1 billion crowns from 924 million.

($1 = 8.3353 Swedish crowns)

 (Reporting by Colm Fulton, editing by Helena Soderpalm)
 ((Colm.Fulton@thomsonreuters.com;))