MTG has sold its portfolio company Zoomin to Azerion, a leading Dutch-based  European technology company in media and entertainment. The transaction sees 100% of MTG’s ownership in Zoomin divested.

In the first six months of 2019, Zoomin delivered net sales of SEK 50 million and EBITDA of SEK -34 million. As a result of the transaction, MTG will report a net loss of approx. SEK 80 million in Q4 2019 and will further reclassify the business segment “Other” to “Discontinued operations”.

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For more information:  Lars Torstensson, EVP Communications & Investor Relations  Direct: +46 (0)702-734 879, lars.torstensson (at) mtg.com  

Oliver Carrà, Public Relations Director Direct: +46 708 666 433, oliver.carra (at) mtg.com

Reach us: communications@mtg.com  Download high-resolution photos: Flickr  Follow: mtg.com / Twitter / LinkedIn

About MTG AB  

MTG (Modern Times Group MTG AB (publ.)) (www.mtg.com) is a strategic and operational investment holding company in esports and gaming entertainment. Born in Sweden, the shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).

 About Azerion

Azerion (azerion.com) is a tech company in the media and entertainment business.

• Hundreds of millions of people play our games.
• Advertisers reach massive audiences and targeted groups with our tech
• Publishers earn top revenue with our tech and engage quality audiences with our content
• Uniquely, Azerion works across these groups. We spot synergies, find efficiencies and weave together the best strands from our business for each of our users.

Azerion: content, reach, revenue, engagement —  a million possibilities

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