the Media group MTG's turnover landed on the 4 280 M during the third quarter, which was 2% above analysts ' forecast, according to SME direkt.
Although the operating profit of 257 Million were slightly above expectations, while net income of sek 154 M was marginally below expectations at 156 Million.
Framtidshoppet MTGx had a turnover of 798 Million in the quarter, in line with analysts ' forecast, while the operating income of minus 38 M was a bit lower than expected minus 15.5 Million.
”As a result of the investments we have made, we have adjusted our förväntansbild for MTGx full-year earnings.
the Ambition remains to report a positive result in the fourth quarter of this year, but at a lower level than previously expected”, says Jørgen Madsen Lindemann, president and ceo of MTG, in the report.
Read more: MTG after and philips complete: We should buy more gaming companies