MTG's Q2 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 solid quarter driven by good monetization and the inclusion of Ninja Kiwi, a leader in the tower defense genre
- The esports vertical returned to positive revenue growth, driven by robust development for both O&O and ESS. ESL Gaming hosted six digital-only Master properties and successfully produced another season of Gamers Without Borders
-
MTG continued to deliver on its Buy & Build strategy in the gaming vertical and announced the acquisition of PlaySimple, a rapidly growing, highly profitable Indian gaming studio and a global leader in the mobile word games genre. On a pro forma basis, the gaming vertical had net sales of
SEK 1,169 million with organic growth of 8 percent in the second quarter - MTG maintained a high level of strategic investments in its esports product portfolio and B2C platforms to strengthen its position and diversify its current offering ahead of a return to live-audience events, which is expected to take place by the end of 2021
Financial highlights
- Net sales increased by 9 percent to
SEK 1,198 (1,096) million or 15 percent at constant currencies. Organic growth amounted to -3 percent -
Adjusted EBITDA of
SEK 155 (167) million. Adjustments included long-term incentive programs (LTI) ofSEK 25 (60) million and total M&A transaction costs ofSEK 16 (3) million -
EBITDA of
SEK 114 (104) million and EBIT ofSEK 12 (31) million -
Net income of
SEK -11 (-19) million and basic earnings per share, before dilution, ofSEK -0.25 (-0.89) -
Cash balance of
SEK 1,229 (1,571) million
Financial overview
(SEKm) |
Q2 2021 |
Q2 2020 |
H1 2021 |
H1 2020 |
FY 2020 |
Net sales | 1,198 | 1,096 | 2,210 | 2,020 | 3,997 |
of which Gaming | 810 | 743 | 1,578 | 1,368 | 2,682 |
of which Esports | 388 | 353 | 632 | 652 | 1,315 |
EBIT | 12 | 31 | -31 | -110 | 35 |
EBITDA | 114 | 104 | 168 | 35 | 319 |
Adjusted EBITDA | 155 | 167 | 255 | 146 | 535 |
Net income | -11 | -19 | -135 | -151 | -96 |
Earnings per share, before dilution, SEK | -0.25 | -0.89 | -1.55 | -2.99 | -2.99 |
Sales growth, % | 9% | 0% | 9% | -1% | -6% |
Changes in FX rates, % | -6% | 0% | -9% | 2% | -2% |
Sales growth at constant FX, % | 15% | 0% | 18% | -3% | -4% |
of which organic growth, % | -3% | 0% | 2% | -3% | -4% |
Shareholder information
Extraordinary General Meeting
The Extraordinary General Meeting will be held on
Due to the continuing coronavirus pandemic, the
All information relating to the Extraordinary General Meeting, including the notice, can be found at www.mtg.com.
Financial calendar
Item | Date |
Extraordinary General Meeting | |
Q3 2021 Interim financial results report | |
2021 Capital Markets Day |
Conference call
+46 (0) 856 618 467 | |
+44 (0) 844 481 9752 | |
US | +1 646 741 3167 |
Std. International | +44 (0) 2071 928 338 |
Access pin code | 404 31 77 |
To listen to a streamed webcast - listen only - of the conference call visit:
https://edge.media-server.com/mmc/p/se68gwcz
This information is information that
For more information:
Oliver Carrà, Public Relations Director
Direct: +46 70-464 44 44, oliver.carra@mtg.com
Follow us: mtg.com / Twitter / LinkedIn
***
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