Modern Times Group MTG AB (STU:MRTA)
€ 6.605 0.055 (0.84%) Market Cap: 794.44 Mil Enterprise Value: 578.30 Mil PE Ratio: 0 PB Ratio: 0.65 GF Score: 77/100

Q4 2023 Modern Times Group MTG AB Earnings Call Transcript

Feb 08, 2024 / 02:00PM GMT
Release Date Price: €7.09 (+8.41%)
Operator

Good afternoon, everyone, and thank you for joining MTG livestream and teleconference for our fourth quarter and full year 2023 results. The event is hosted by our Group President and CEO, Maria Redin; and our CFO, Nils Mosko. (Operator Instructions)

So I now hand over to our CEO. Maria?

Maria Redin Modern Times Group MTG AB;President;CEO

&

Thank you, Antoine, and hello, everybody. I'm really happy to deliver on our full year outlook, which is something we also raised in Q3, and we reported now an all-time high adjusted EBITDA with a strong cash conversion. As you may also recall, as we begin this year, the markets were actually quite challenging and we were quite muted on the outlook as we had low visibility. But throughout the year, we focused on our execution, and we have now demonstrated two consecutive quarters of organic growth, which is something we're very proud of.

The results we present today stem from our strong operational momentum in our companies, engaging content in our games that we relentlessly work

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