Jørgen Madsen Lindemann, President & CEO: “I am very excited about MTG’s prospects after the spin-off of NENT Group. Esports is a young and rapidly growing industry, and MTG is the leading global player in the new evolving esports ecosystem, and a relevant route for investors to access this compelling opportunity. Our gaming businesses are proven concepts and well positioned to enable us to deliver continuing growth, both organically and by acquisition. MTG has a great future as a pure-play gaming entertainment leader, focused on growth and returns.”    

CMD’s agenda (all times CET):

13.30             MTG: overview & strategy

                      Jørgen Madsen Lindemann, President & CEO

                      Financial overview and disclosure

                      Maria Redin, Chief Financial Officer

14:30             Gaming & esports verticals: opportunities and MTG strategy

                      Arnd Benninghoff, EVP Games & esports

                      Investment portfolio & VC Fund

                      Scott Rupp, MTG US; Harri Manninen, Founding Partner, Play Ventures

15:30             Gaming

                      Hendrik Klindworth, CEO of InnoGames

                      Emily Greer, CEO of Kongregate

16:15             esports

                      Ralf Riechert, co-CEO, ESL

                      David Neichel, co-CEO, ESL

                      Marcus Lindmark, co-CEO, DreamHack

                      Peter Norrelund, co-CEO, DreamHack

17.15             Closing remarks

                     Jørgen Madsen Lindemann, President & CEO

All sessions will conclude with Q&A.     

All presentations from the Capital Markets Day will be streamed live.

Financial disclosures

A datasheet comprising MTG’s quarterly historical financial and KPI disclosures for 2017 and 2018 has been published on MTG’s website.

Financial ambitions

At the Capital Markets Day, MTG’s leaders will outline its ambitions for the Group’s 2019 financial performance, of mid-teens organic sales growth, and an adjusted EBITDA margin in mid-single digits, after Group central costs.

Group performance in 2019 is expected to be second-half weighted, reflecting better monetisation of owned and operated properties, continuing strong performance by InnoGames and operational improvements in Kongregate.

In Q1, three fewer Masters properties than in 2018, and the ongoing turnarounds in Kongregate and Zoomin.TV are expected to result in low single-digit sales growth and adjusted EBITDA flat year-on-year.

Strong sales growth and expanding margins are expected in second half of the year, with momentum in both the esports and gaming segments.

MTG’s medium-term ambition of is to progress towards sustainable mid-teens sales growth and an adjusted EBITDA margin of 10-15%, after central costs.

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NOTES TO EDITORS

MTG (Modern Times Group MTG AB (publ.)) is a strategic operational and investment holding company in esports and gaming entertainment. Born is Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’). 

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press@mtg.com (or Ksenia Kolchina, Head of Communications; +44 7885 998 544)
investors@mtg.com (or David Boyd, Head of Investor Relations; +46 73 699 29 99)

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