Readly publishes Annual and Sustainability Report 2020
Readly’s Annual and Sustainability Report 2020 has been published on the corporate website, corporate.readly.com. This is our first annual report as a listed company and first sustainability report, and it highlights among other things Readly’s sustainability efforts and how environmental and social value is embedded in the core business model. A materiality assessment has also been conducted, confirming that climate friendly reading, countering fake news and empowering readers are areas where Readly can have the greatest impact.
“2020 was a strong year for Readly. The number of fully paying subscribers grew 33 percent and we reported a revenue of SEK 353 million for the full year, an increase of 33 percent compared with the previous year. Our passion for creating an amazing digital reading experience for our subscribers means everything to us, and our work to bring the magic of magazines into the future continues”, says Maria Hedengren”, CEO of Readly.
“Our sustainability ambitions are tightly connected to our core business. When we grow as a company, whether it is in terms of subscribers, readership, content or employees, we also strengthen our opportunities to increase our positive impact”, Maria Hedengren, CEO of Readly, continues.
About Readly
Readly is the European category leader for digital magazines. The company offers a digital subscription service, that lets customers have unlimited access to around 5,000 national and international magazines - all in one app and at a fixed monthly fee. Readly has subscribers in 50 countries and content available in 17 different languages. In collaboration with around 900 publishers worldwide, Readly is digitizing the magazine industry. In 2020, revenues amounted to SEK 353 million. Since September 2020, the Readly share is listed on Nasdaq Stockholm Midcap. For more information, please visit https://corporate.readly.com/
For more information, please contact:
Contact for investors and analysts:
Rasmus Blomqvist, Head of Investor Relations Readly
+46 70 233 53 67, rasmus.blomqvist@readly.com
Contact for media:Linnéa Aguero, Head of PR & Communications Readly
+46 72 503 32 31, linnea.aguero@readly.com
This information is such information that Readly International AB (publ) is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, at 18.00 CET on Thursday 25 March 2021.
