Modern Times Group MTG AB MTG.A
General analysis — not personal advice.
The buyback program adds a new support factor via reduced share count/dilution and signals confidence in cash generation, while Q1 results point to solid margin and growth momentum.
Email when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Market sentiment
Sentiment has improved on the combination of strong Q1 delivery and a clear shareholder-friendly buyback program, alongside continued positive target-price indications around ~SEK 160.
Why this signal
The buyback program adds a new support factor via reduced share count/dilution and signals confidence in cash generation, while Q1 results point to solid margin and growth momentum. Together this supports a more constructive stance into the Q2 report.
Add gradually / on weakness into Q2, while monitoring confirmation of 2026 guidance (5–8% pro forma growth and 22–24% EBITDA margin).
Recent News
On July 21, 2026, MTG reported second-quarter 2026 net sales of SEK 2,965 million, representing 6% organic revenue growth in constant currencies. Adjusted EBITDA reached SEK 707 million, yielding a 24% operating margin. The company also launched a share repurchase program of up to SEK 500 million in May 2026.
Dilution Risk
Assessment: Low
What Firelda Watch includes for Modern Times Group MTG AB
Add the company to your watchlist and get all of this automatically.
- Free: 3 companies on your watchlist
- Change history and monitoring for every company you follow
- Sunday weekly brief — a short weekly roundup
- Watch/Ultra: same-day email when something material happens
Want to see what a finished analysis looks like?
View a sample analysis
Email when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more