Updated Mar 17, 2026 by Modern Times Group
Modern Times Group achieved record financial results in 2017 with net sales of SEK 17.5 billion, representing an 8% organic growth rate and a 19% increase in operating income before items affecting comparability to SEK 1.264 billion.
The MTGx gaming division doubled its revenue to SEK 2.96 billion, achieving 37% organic growth driven by the strategic acquisitions of a 51% stake in InnoGames for SEK 801 million and 100% of Kongregate for SEK 463 million.
Shareholders received a total return of 33% and a record cash dividend of SEK 12.50 per share, which accounted for approximately 95% of the company's net income.
The Nordic Entertainment segment remained the primary revenue driver with SEK 11.96 billion in sales and a 13.2% operating margin, while the International Entertainment segment saw a 19% profit increase.
The company's balance sheet strengthened following the divestment of Czech, Baltic, and African operations, resulting in a net-debt/EBITDA ratio of 1.1 times and an interest-coverage ratio of 19 times.
Operating income after comparability items fell to SEK 923 million due to a SEK 688 million goodwill impairment charge primarily associated with Zoomin.TV, alongside a 16% decline in operating income for MTG Studios.
Modern Times Group achieved record financial results in 2017 with net sales of SEK 17.5 billion, representing an 8% organic growth rate and a 19% increase in operating income before items affecting comparability to SEK 1.264 billion.
The MTGx gaming division doubled its revenue to SEK 2.96 billion, achieving 37% organic growth driven by the strategic acquisitions of a 51% stake in InnoGames for SEK 801 million and 100% of Kongregate for SEK 463 million.
Shareholders received a total return of 33% and a record cash dividend of SEK 12.50 per share, which accounted for approximately 95% of the company's net income.
The Nordic Entertainment segment remained the primary revenue driver with SEK 11.96 billion in sales and a 13.2% operating margin, while the International Entertainment segment saw a 19% profit increase.
The company's balance sheet strengthened following the divestment of Czech, Baltic, and African operations, resulting in a net-debt/EBITDA ratio of 1.1 times and an interest-coverage ratio of 19 times.
Operating income after comparability items fell to SEK 923 million due to a SEK 688 million goodwill impairment charge primarily associated with Zoomin.TV, alongside a 16% decline in operating income for MTG Studios.