"The gaming vertical's result demonstrated the success of our strategy to create a more diversified portfolio. Whilst the performance across the group was mixed, we are pleased to see that on a proforma basis we grew 8 percent, which is the result of having games that are in different parts of their growth cycle, come from different genres and have different revenue drivers. We will continue to build on the back of this diversified portfolio and to leverage the capabilities that sit within each company. Total revenue amounted to
"The third quarter (for esports) benefitted from comparisons with the 2020 business year, which only included two smaller Masters events, resulting in organic net sales growth of 55 percent and reduced losses, with adjusted EBITDA amounting to
MTG's Q3 2021 Interim Financial Results report highlights follows below. For the full report please see the attached file or www.mtg.com.
Operational highlights
■ The gaming vertical delivered a record quarter, driven by the inclusion of the newly acquired companies Hutch, Ninja Kiwi, and PlaySimple. Net sales amounted to
■ Following the diversification of the gaming vertical, MTG has created a central gaming organization to drive further synergies between its operating companies. As a result,
■ The esports vertical reported a second consecutive quarter of net sales growth, on the back of a robust event schedule. ESL Gaming hosted five digital-only Master properties, of which one was a studio event. Net sales amounted to
■ MTG's esports vertical continued to enhance its offerings and improve its strategic position with an elevated level of investment, ahead of a return to a full live-audience event schedule, which is expected during Q1 2022
Financial highlights
■ Net sales increased by 58 percent to
■ Adjusted EBITDA of
■ EBITDA of
■ Net income of
■ Cash balance of
Financial overview
(SEKm) |
Q3 |
Q3 |
Nine |
Nine |
FY |
Net sales | 1,438 | 912 | 3,647 | 2,932 | 3,997 |
of which Gaming | 1,081 | 679 | 2,659 | 2,047 | 2,682 |
of which Esports | 357 | 234 | 988 | 885 | 1,315 |
|
|
|
|
|
|
EBIT | 95 | 54 | 63 | -56 | 35 |
EBITDA | 237 | 124 | 405 | 159 | 319 |
Adjusted EBITDA | 306 | 196 | 561 | 342 | 535 |
|
|
|
|
|
|
Net income | 45 | -11 | -90 | -162 | -96 |
Basic earnings per share, SEK | 0.39 | -0.88 | -1.06 | -3.86 | -2.99 |
Diluted earnings per share, SEK | 0.39 | -0.88 | -1.05 | -3.86 | -2.99 |
|
|
|
|
|
|
Sales growth, % | 58% | -13% | 24% | -5% | -6% |
Changes in FX rates, % | -3% | -4% | -6% | 0% | -2% |
Sales growth at constant FX, % | 61% | -9% | 30% | -5% | -4% |
of which organic growth, % | 0% | -9% | -1% | -5% | -4% |
Shareholder information
MTG's Annual General Meeting 2022
The Annual General Meeting will be held on
Nomination Committee ahead of 2022 Annual General Meeting
In accordance with the resolution by the Annual General Meeting of MTG shareholders regarding the procedure for the Nomination Committee, a Nomination Committee has been convened to prepare proposals for the 2022 Annual General Meeting. The Nomination Committee comprises
Please see the following section on MTG.com for information about the work of the Nomination Committee: https://www.mtg.com/governance/nomination-committee/.
Shareholders wishing to propose candidates for election to the MTG Board of Directors should submit their proposals in writing to agm@mtg.com or to the "Company Secretary",
Financial calendar
Activity | Date |
Q4 2021 Interim Financial Results report | |
Q1 2022 Interim Financial Results report | |
Annual General Meeting 2022 | |
Q2 2022 Interim Financial Results report | |
Q3 2022 Interim Financial Results report |
Conference call
The company will host a conference call on
+46 (0) 856 618 467 | |
+44 (0) 844 481 9752 | |
US | +1 646 741 3167 |
Std. International | +44 (0) 2071 928338 |
Access pin code | 612 52 39 |
Please note that only dial-in participants can ask questions during the conference call. The conference call will also be streamed via the following link:
https://edge.media-server.com/mmc/p/isfg8s3w
Follow us: mtg.com / Twitter / LinkedIn
This information is information that
***
For more information:
Direct: +46 (0) 70-273 48 79, lars.torstensson@mtg.com
Oliver Carrà, Public Relations Director
Direct: +46 70 464 44 44, oliver.carra@mtg.com
About MTG
MTG (
https://news.cision.com/mtg/r/mtg-publishes-q3-july-september-2021-interim-financial-results-report,c3442623
https://mb.cision.com/Main/56/3442623/1488016.pdf
https://mb.cision.com/Public/56/3442623/a23b401706c2484d.pdf
(c) 2021 Cision. All rights reserved., source