MTG's 2019 strategy focused on profitable growth in esports and gaming, driven by the ESL Pro Tour launch, Kongregate's revised strategy, and Innogames' mobile revenue optimization.
02
MTG divested Nova Broadcasting Group in Bulgaria for EUR 185 million (SEK 1,917 million) in January 2019 and Zoomin in October 2019, to focus on its core esports and gaming verticals.
03
MTG announced annual savings, redundancy costs, and impairment charges in 2019 as part of a strategic review and evaluation of its gaming portfolio.
04
MTG's esports vertical, comprising ESL and DreamHack, saw external sales of SEK 1,712 million in 2019, up from SEK 1,515 million in 2018, but reported an EBIT loss of SEK -430 million.
05
The gaming vertical generated SEK 2,531 million in external sales in 2019, an increase from SEK 2,296 million in 2018, with an EBIT of SEK 269 million.
06
Negotiations for a strategic joint venture with HUYA Inc. for China esport expansion and an investment in ESL, initially agreed upon in September 2019, were mutually terminated in January 2020.
07
MTG's total borrowings were reduced to zero by December 31, 2019, from SEK 3,679 million at the end of 2018, with previous borrowings transferred to Nordic Entertainment Group.
Insights
01
MTG's 2019 strategy focused on profitable growth in esports and gaming, driven by the ESL Pro Tour launch, Kongregate's revised strategy, and Innogames' mobile revenue optimization.
02
MTG divested Nova Broadcasting Group in Bulgaria for EUR 185 million (SEK 1,917 million) in January 2019 and Zoomin in October 2019, to focus on its core esports and gaming verticals.
03
MTG announced annual savings, redundancy costs, and impairment charges in 2019 as part of a strategic review and evaluation of its gaming portfolio.
04
MTG's esports vertical, comprising ESL and DreamHack, saw external sales of SEK 1,712 million in 2019, up from SEK 1,515 million in 2018, but reported an EBIT loss of SEK -430 million.
05
The gaming vertical generated SEK 2,531 million in external sales in 2019, an increase from SEK 2,296 million in 2018, with an EBIT of SEK 269 million.
06
Negotiations for a strategic joint venture with HUYA Inc. for China esport expansion and an investment in ESL, initially agreed upon in September 2019, were mutually terminated in January 2020.
07
MTG's total borrowings were reduced to zero by December 31, 2019, from SEK 3,679 million at the end of 2018, with previous borrowings transferred to Nordic Entertainment Group.