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  • Storytel
    +46 (0)735-33 17 70
    https://www.storytel.se/
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    Storytel publishes Annual Report and Sustainability Report 2023

    Storytel’s Annual Report and Sustainability Report 2023 is now published and available as a downloadable PDF document on our website.  FNCA Sweden AB is the Company’s Certified Adviser. For more information, please contact:Mattias Frithiof, Head of Investor Relations, Storytel GroupTel: +46 76 535 26 74Email: mattias.frithiof@storytel.comMalin Lindborn, Head of Communications, Storytel GroupTel: +46 735 33 17 70Email: malin.lindborn@storytel.com About StorytelStorytel is one of the world’s largest audiobook and e-book streaming services and offers more than one

    Storytel’s chairman Hans-Holger Albrecht will not stand for re-election

    Storytel Group today announced that the Chairman of the Board of Directors, Hans-Holger Albrecht, has informed the Nomination Committee that he will not make himself available for re-election at the Annual General Meeting in May 2024.Hans-Holger Albrecht joined the Storytel Board of Directors as Chairman in 2022. Storytel’s Nomination Committee will initiate the search for a replacement for Hans-Holger Albrecht in time for the Annual General Meeting of shareholders in 2024. Tobias Edenman, Chairman of the Nomination Committee says: “On behalf of the Committee, I want to thank Hans-Holger

    Storytel enters a partnership with Dutch telco VodafoneZiggo

    Storytel, today announced a distribution partnership agreement with VodafoneZiggo, one of the leading Dutch telecom companies. Through this deal, Vodafone’s 5.5+ million mobile subscribers will be offered access to Storytel’s extensive catalog of audio stories.The agreement with VodafoneZiggo further accelerates Storytel's business in the Netherlands, one of the company’s core markets. It will allow Vodafone’s 5.5+ million mobile subscribers an opportunity to gain access to Storytel’s market-leading audiobook streaming service and its substantial Dutch language catalog featuring the works

    Interim Report Q4, 2023

    “Storytel continued its transformation journey and delivered yet another strong quarter to conclude 2023”, says Johannes Larcher, CEO, Storytel.Financial Highlights Q4 Fourth quarter 2023 compared to the fourth quarter 2022 · Streaming revenue up 16% to 858 (742) MSEK; or 14% at constant exchange rates (CER) · Group revenue increased by 9% to 946 (867) MSEK  · Adjusted Gross profit up 20% to 387 (322) MSEK, equaling a margin of 40.9% (37.2%)  · Gross profit was down 24% to 246 (322) MSEK · Adjusted EBITDA increased by 62% to 86 (53) MSEK, equaling a margin of 9.1% (6.1%)

    Invitation to presentation of Storytel’s year-end report 2023

    On February 15, 2024 at 8.00 AM CET, Storytel AB will publish its year-end report for 2023. Storytel AB will hold a presentation of the report on the same day and invites investors, analysts and media to an audiocast with teleconference at 9.30 AM CET. The presentation will be in English and followed by a Q&A with Storytel’s CEO Johannes Larcher and CFO Peter Messner.The presentation can be followed live on this link:https://ir.financialhearings.com/storytel-q4-report-2023/register If you wish to participate via teleconference, please register on the link below:https://conference.

    Storytel sharpens focus on profitability on the back of strong Q4 2023 earnings and upgrades mid-term financial targets - announces efficiency initiative and write-downs

    · Storytel sharpens its focus on profitability and will improve cash flow generation beyond the previously outlined guidance at the Capital Markets Day in June 2023. An efficiency optimization initiative will be implemented during the first quarter of 2024, including a 13% reduction in workforce.   · As a result of increased emphasis on profitability and reduced growth investments in certain markets, related assets will not generate as much cash flow as previously planned. For that reason a non-cash write down of 632 MSEK will be recorded in the fourth quarter of 2023. 465 MSEK of the

    Line Miller appointed CEO at Danish publishing house People's

    Storytel Books (Storytel AB) has appointed Line Miller as the new CEO at the publisher People's, the Danish publishing house within Storytel Books. Line joins from Politikens Forlag where she currently serves as Publisher.Line Miller brings more than 10 years of experience in modern book publishing. At Politiken she has created a creative and dynamic publishing environment, leading the house towards many literary and commercial successes, among them major bestsellers such as "All the Light We Don't See" by Anthony Doerr and Hanya Yanagihara's "A Little Life", and was instrumental in

    Storytel announces strategic partnership with Dutch telco KPN

    Today, Storytel and KPN announced a partnership agreement in which KPN’s 3 million broadband customers will be offered an opportunity to access Storytel’s extensive catalog of local and international audio stories. This is the first time that KPN has chosen to enter a partnership with an audiobook streaming service.KPN has been the leading supplier of telecommunications and IT services In The Netherlands for almost 140 years. Through this partnership, KPN’s subscribers will be offered access to Storytel’s rich Dutch language catalog of audio stories featuring the works of popular and

    Interim Report January - September 2023

    “Storytel updates its 2023 guidance on the back of strong operational and financial performance during the quarter”, says Johannes Larcher, CEO, Storytel.Financial Highlights Q3 Third quarter 2023 compared to the third quarter 2022 · Streaming revenue up 13% to 842 (742) MSEK, 15% excluding Russia · Group net sales increased by 11% to 896 (806) MSEK, 12% excluding Russia · Gross profit up 13% to 352 (312) MSEK, equaling a margin of 39.3% (38.7%) · EBITDA increased by 55% to 92 (59) MSEK, equaling a margin of 10.3% (7.3%) · Operating profit of 15 (-21) MSEK · Basic and

    Nomination Committee for the Storytel 2024 Annual General Meeting

    The Nomination Committee in Storytel AB for the Annual General Meeting 2024 has been appointed based on the ownership structure as of the last banking day in August 2023. The members are appointed by each of the four largest shareholders or group of shareholders by voting power that wish to participate in the committee, and the Chairman of Storytel AB.The following members have been appointed to Storytel’s Nomination Committee: · Tobias Edenman, appointed by a shareholder group consisting of Jonas Tellander, Annamaria Tellander, Paul Svedrup, Dimitra AB, Jon Hauksson and Kristoffer

    Invitation to presentation of Storytel’s Q3 Report 2023

    On October 31, 2023 at 8.00 AM CEST, Storytel AB will publish its Q3 Report for 2023. Storytel AB will hold a presentation of the report on the same day and invites investors, analysts and media to an audiocast with teleconference at 09.30 AM CEST. The presentation will be in English and followed by a Q&A with Storytel’s CEO Johannes Larcher and CFO Peter Messner.The presentation can be followed live on this link:https://ir.financialhearings.com/storytel-q3-report-2023/register If you wish to participate via teleconference, please register on the link below:https://conference.

    New partnership with LG Uplus South Korea brings Storytel to 20+ million Koreans

    Storytel, one of the world’s largest audio stories subscription services, today announced a significant partnership agreement with LG Uplus — one of South Korea’s market leading providers of communications, payment and entertainment services and integrated business solutions. This partnership deal will make Storytel’s leading content offering, which includes the streaming exclusivity of the Harry Potter audiobook series, available to more than 20 million Korean mobile services subscribers.LG Uplus Corp. is one of South Korea’s largest telcos, owned by LG Corporation, a multinational

    Storytel names Carolina Corsello Senior Vice President Data and Insights

    Storytel today announced that Carolina Corsello has been appointed as Senior Vice President Data and Insights. Carolina joins from the French music streaming platform Deezer where she was leading the data, research and insights teams for five years as VP of Data Analytics and Insights.Carolina Corsello has an extensive background in building and developing global data and insights teams within the streaming industry. She joined the French online music streaming platform Deezer in 2016 where her most recent role was VP of Data Analytics and Insights. Prior to Deezer Carolina was working as a

    Storytel brings its audio stories offering to 3+ million Bulgarians through new partnership with Yettel Bulgaria

    Storytel, one of the world’s largest streaming services for audio stories, today announced a partnership with Yettel Bulgaria, a leading telecommunications company with more than 3 million active users. Through this deal, Yettel Bulgaria’s mobile services subscribers will be offered access to Storytel’s leading selection of content and first-class technology platform.Yettel Bulgaria is a leading mobile services provider in the Bulgarian market and part of PPF Telecom Group, with 18 million mobile subscribers across five countries in Europe. The agreement with Storytel will give Yettel

    Storytel announces Ana Julia Ghirello as new GM of Expansion Markets and SVP of Global Partnerships

    Storytel AB today announces Ana Julia “AJ” Ghirello as new General Manager of Expansion Markets and Senior Vice President of Global Partnerships. Ana Julia will drive Storytel’s growth in emerging markets like Latin America, Middle East and APAC, as well as contribute to the global growth of Storytel through strategic partnerships across all markets. In her most recent role, she served as Vice President of Partnerships at HBO Max LatAm.Ana Julia brings more than 15 years of experience in subscription services and digital marketplaces. She has held multiple leadership positions within the

    Storytel welcomes Mattias Frithiof as Head of Investor Relations

    Storytel AB welcomes Mattias Frithiof as new Head of Investor Relations to drive the company’s communication with stakeholders in the financial markets. In his most recent role, Mattias served as Assistant Vice President and Analyst for Moody’s Investor Services.Mattias Frithiof brings 15 years of experience from the financial industry. He has held several roles in investor relations and credit analysis, most recently as Assistant Vice President and Analyst for Moody’s Investor Services, working on credit ratings for Nordic and Baltic banks. Prior to joining Moody’s, Mattias spent many

    Malin Lindborn appointed Head of Communications at Storytel

    Storytel AB has appointed Malin Lindborn as new Head of Communications to drive the company’s communications and stakeholder engagement strategy. In her most recent role, Malin served as PR Director Nordics at Netflix.Malin Lindborn brings more than 20 years of experience from PR and communications. She has held several leadership roles in the entertainment and streaming industry, most recently as PR Director Nordics at Netflix where she led the communications and publicity function in the region for several years, based both out of Amsterdam and Stockholm. Prior to joining Netflix, Malin

    Interim Report Q2, 2023

    Strong 15% streaming revenue growth“The second quarter marked the fifth consecutive quarter of positive Group EBITDA and underlines the improvements that have been made. Storytel Streaming saw extended organic revenue growth, increased ARPU, solid subscriber growth and subscriber engagement as well as stable and healthy churn levels. Our disciplined approach is laying the foundation for continued profitable growth, supported by near-term operational improvements across our business. In the quarter, we demonstrated continued progress through new Partnership agreements, improved Content

    Invitation to presentation of Storytel’s Q2 Report 2023

    On August 1, 2023 at 8.00 AM CEST, Storytel AB will publish its Q2 Report for 2023. Storytel AB will hold a presentation of the report on the same day and invites investors, analysts and media to an audiocast with teleconference at 09.30 AM CEST. The presentation will be in English and followed by a Q&A with Storytel’s CEO Johannes Larcher and CFO Peter Messner. The presentation can be followed live on this link: https://ir.financialhearings.com/storytel-q2-2023 If you wish to participate via teleconference, please register on the link below: https://conference.financialhearings.

    Storytel enters strategic partnership with CBB to accelerate growth in Denmark

    Storytel, one of the world’s largest subscription services for audiobook and e-book streaming, today announced a strategic partnership with CBB Mobil – a leading Danish provider of communications and entertainment services. The partnership launched on July 4 enables Mofibo as part of CBB’s streaming concept CBB Mix, increasing Storytel’s reach in one of its top ten markets.“We are very pleased to have reached this partnership with CBB in Denmark. For Storytel, long-term partnership agreements are a key part of our growth strategy, where we together with excellent partners like CBB can join

    Storytel enters strategic partnership with ElevenLabs and announces upcoming launch of new VoiceSwitcher feature

    Storytel, one of the world’s largest subscription services for audiobook streaming, today announced an exclusive partnership with the leading AI speech software provider ElevenLabs. The collaboration will involve the development of AI voices specifically tailored to Storytel’s core markets and the production of AI narrated audiobooks. A new VoiceSwitcher feature will allow enhanced personalization of the Storytel service at scale, facilitating truly unique listening experiences customized for every ear.Founded in 2022, US-based ElevenLabs has rapidly grown to become one of the world’s

    Storytel presents mid-term financial targets and strategic direction to further strengthen its leading position

    At today’s Capital Markets Day in Stockholm, Storytel’s CEO Johannes Larcher and members of the Group Executive Management Team, will provide a detailed update on the Group’s strategic direction and operations, as well as present new mid-term financial targets.Mid-term financial targetsThe Board of Directors in Storytel has decided on the following mid-term financial targets: Revenue ● Total Net Sales to reach at least 5,000 MSEK in 2026 through organic growth.● Organic average annual streaming revenue growth of 15 percent. EBITDA margin ● EBITDA margin of at least 12

    Invitation to Storytel’s Capital Markets Day 2023

    Storytel has the pleasure to invite investors, analysts and media to a Capital Markets Day on Tuesday, June 13, 2023, in Stockholm, Sweden. During the day, CEO Johannes Larcher and members of the Group Executive Management Team will give an update on Storytel’s position and operations, and present the Company’s strategic direction and new mid-term financial targets. The event will include a Q&A session with the opportunity to ask questions to the Management Team. The event will take place at IVA Konferenscenter, Grev Turegatan 16 in Stockholm at 2 PM – 5 PM CEST, followed by a mingle.

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