Swiss-based streaming company NENT expects organic sales growth in coming years

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Swiss-based streaming company NENT expects organic sales growth in coming years

STOCKHOLM Reuters - NENT, a Swedish company challenging streaming giants such as Netflix in the Nordics, said on Wednesday that it expected its organic sales growth in coming years to scale the upper end of its target range.

The Swedish media group said ahead of a presentation to investors and media that it expects compound annual organic sales growth in 2020-2025 at the lower end of its target ranges - 18% - 20% for the group and 13% - 15% for its Nordic operations.

It also targets a new target of 23% - 25% compound annual organic sales growth for its Viaplay streaming service in the Nordic markets.

The company announced it will target an operating profit margin in the Nordics of about 20% in 2025 with a long-term margin of around 15%.