MTG delivers organic growth with pro forma net sales up 6% and a 27% adjusted EBITDA margin in Q3 and launches a new share repurchase program of SEK 400m
MTG delivered organic growth of 4 percent year on year in the third quarter and pro forma growth of 6 percent on the back of growth in key franchises. Marketing investments levels were stable, representing 35 percent of quarter sales and the group therefore delivered SEK 374 million in adjusted EBITDA for the period, with an elevated profit margin of 27 percent. The results support the group’s already strong balance sheet, further boosted by positive realized and unrealized currency effects through the strengthening of the USD in the quarter. The Board of Directors has therefore launched a