MTG has recorded increased profits of 12%, despite costs relating to its failed merger with TDC, and ongoing separation.
The Stockholm-based company recorded revenues of SEK 5.010 billion.
Nordic Entertainment, which officially split from MTG saw continued growth for its Viaplay and Viafree streaming services, while benefitting from its exclusive coverage of the Ice Hockey World Championship.
“Continued sales and profit growth, while making further progress towards the split of MTG, reflect a clear vision, a differentiated strategy, and an exceptional team. We remain focused on building shareholder value through our strategic transformation and unique product offerings,” said Jørgen Madsen Lindemann, President & Chief Executive Officer,
MTG is now waiting on its largest shareholder Kinnevik to distribute its MTG shares to its own shareholders before moving forward with the listing process.
