STOCKHOLM, April 22 (Reuters) - Swedish entertainment broadcasting group MTG MTGb.ST posted a lower than expected first-quarter core profit on Wednesday and said it was taking actions across the group to offset currency headwinds.
Operating profit excluding associated companies and non-recurring items rose to 142 million crowns ($16.4 million) from a year-ago 118 million, against a mean forecast of 163 million in a Reuters poll of analysts.
Quarterly sales were 3.70 billion crowns compared to the 3.75 billion expected by analysts. ($1 = 8.6548 Swedish crowns)