Interim report
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Q1 2021 MO Interim report January - March Investing for the future The gaming vertical delivered a solid quarter in terms of net sales and EBITDA driven by high user engagement and the inclusion of Hutch In the esports vertical , three Master properties were delivered online . Due to the pandemic , live audience events are now assumed to return at the end of the year . MTG continued to deliver on its organic and inorganic strategy in gaming . Two new games were soft - launched , InnoGames ' " Rise of Cultures " and Hutch's " Puzzle Heist " , showing early promising results across several important KPIs . MTG further announced an agreement to acquire Ninja Kiwi , a leading , New Zealand based tower defense mobile games developer and publisher MTG made accelerated strategic investments in its esports product portfolio and B2C platforms to strengthen its position and diversify its current offering Financial highlights Net sales increased by 9 percent to SEK 1,011 ( 924 ) million or 18 percent at constant FX . Organic growth amounted to 2 percent Adjusted EBITDA of SEK 100 ( -21 ) million , with adjustments in the quarter for long - term management incentive programs ( LTI ) SEK 19 ( 32 ) million and total M & A transaction costs of SEK 27 ( 13 ) million EBITDA of SEK 54 ( -69 ) million EBIT of SEK -43 ( -142 ) million Net income of SEK -124 ( -132 ) million Basic earnings per share , before dilution of SEK -1.43 ( -2.10 ) Net cash flow from operations of SEK 1 ( -39 ) million Financial overview Q1 Q1 FY ( SEKm ) Net sales of which Gaming of which Esports EBIT 2021 2020 2020 1,011 924 3,997 767 625 2,682 244 299 1,315 -43 -142 35 EBITDA 54 -69 319 Adjusted EBITDA 100 -21 535 Net income -124 -132 -96 Earnings per share , before dilution , SEK -1.43 -2.10 -2.99 Sales growth , % 9 % -2 % -6 % Changes in FX rates , % -9 % 4 % -2 % Sales growth at constant FX , % 18 % -6 % -4 % of which organic growth , % 2 % -6 % -4 % For further information contact Investor Relations at +46 ( 0 ) 70-273 48 79 or communications@mtg.com