MTG delivers on full year guidance with record adjusted EBITDA and strong cash conversion, reports 7% sales growth in Q4
MTG organic revenues grew 3% year over year, driven by strong results from PlaySimple. UA spend was up year over year following the consolidation of Snowprint, but was down slightly on an organic basis, as PlaySimple spread out their marketing investments across the quarters of the year. We delivered a strong adjusted EBITDA and high operating margins of 28% in Q4, on the back of growth and operational leverage combined with a more balanced marketing approach. We repurchased a total of SEK 252 million of shares through the share buyback program that ran between 4 September and 31 December