Updated Mar 17, 2026 by Modern Times Group
MTG executed a major strategic pivot toward esports and digital video in 2018, highlighted by the acquisition of ESL, DreamHack, InnoGames, and Kongregate alongside the divestment of non-core assets like Trace Partners.
The company completed the separation of Nordic Entertainment Group (NENT) in 2018, which subsequently listed on Nasdaq Stockholm in March 2019.
Financial performance showed growth with net sales rising 12–13% to SEK 19.7 billion and operating income increasing 24% to SEK 1.57 billion.
Despite operational growth, the company reported a net debt of SEK 2.58 billion (1.3x EBITDA) and opted not to pay a dividend, contributing to an 11% negative total shareholder return and a 15% decline in B-share price.
Balance sheet strength improved by year-end, with total assets reaching SEK 20.3 billion and equity totaling SEK 7.0 billion.
Corporate governance and capital management remained conservative, with executive remuneration tied to performance targets and a SEK 4 billion syndicated credit facility maintained with only SEK 200 million drawn.
MTG executed a major strategic pivot toward esports and digital video in 2018, highlighted by the acquisition of ESL, DreamHack, InnoGames, and Kongregate alongside the divestment of non-core assets like Trace Partners.
The company completed the separation of Nordic Entertainment Group (NENT) in 2018, which subsequently listed on Nasdaq Stockholm in March 2019.
Financial performance showed growth with net sales rising 12–13% to SEK 19.7 billion and operating income increasing 24% to SEK 1.57 billion.
Despite operational growth, the company reported a net debt of SEK 2.58 billion (1.3x EBITDA) and opted not to pay a dividend, contributing to an 11% negative total shareholder return and a 15% decline in B-share price.
Balance sheet strength improved by year-end, with total assets reaching SEK 20.3 billion and equity totaling SEK 7.0 billion.
Corporate governance and capital management remained conservative, with executive remuneration tied to performance targets and a SEK 4 billion syndicated credit facility maintained with only SEK 200 million drawn.