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Press release from Companies

Publicerat: 2018-11-15 08:24:28

Storytel AB: Interim report January - September 2018

Click here to watch the quarterly video with CEO Jonas Tellander and CFO Sofie Zettergren. For the full report see attached pdf.

Highlights from q3 2018 report

  • Subscriber base up 43% Y/Y to 720 900 in average in Q3, 2018.

  • Streaming sales up 41% Y/Y to 280 MSEK in Q3, 2018, on track to reach 1 000 MSEK in 2018

  • Subscriber base up 43% Y/Y to 720 900.

  • Streaming sales up 41% Y/Y to 280 MSEK, on track to reach 1 000 MSEK in 2018

  • International streaming sales now 51% of total Streaming sales

  • Opened up an office in Bangkok to serve the Asian Region which Storytel will enter in 2019

  • Successfully completed a share issue amounting to 500 MSEK

  • Norstedts Förlagsgrupp AB acquired Printz Publishing with authorships such as Jojo Moyes. The acquisition was completed Oct 1st and will be consolidated from the completion date

Key numbers for Streaming and Print Publishing

Currency: thousand SEK        Q3 2017        Q4 2017        Q1 2018        Q2 2018        Q3 2018      Q4 Forecast 1
Streaming Total
Revenue 197 881 209 225 222 133 239 139 279 979 290 000
Contribution Profit2 27 784 30 277 24 079 25 045 22 063
Contribution Margin 14,0% 14,5% 10,8% 10,5% 7,9%
Paying Subscribers 503 900 533 400 577 900 621 200 720 900 765 000
ARPU (SEK/Month)3 131 131 128 128 129 126
 
Streaming Sweden
Revenue 113 709 118 038 122 046 125 759 135 986 137 500
Contribution Profit 32 872 38 501 43 067 35 763 40 888
Contribution Margin 28,9% 32,6% 35,3% 28,4% 30,1%
Paying Subscribers 282 300 292 700 305 100 314 700 336 200 341 000
ARPU (SEK/Month) 134 134 133 133 135 134
 
Streaming International4
Revenue 84 172 91 187 100 087 113 380 143 993 152 500
Contribution Profit -5 088 -8 224 -18 988 -10 718 -18 826
Contribution Margin -6,0% -9,0% -19,0% -9,5% -13,1%
Paying Subscribers 221 600 240 700 272 800 306 500 384 700 424 000
ARPU (SEK/Month) 127 126 122 123 125 120
 
Print Publishing5
Revenue 132 619 173 832 106 312 115 898 116 252
Contribution Profit6 47 905 66 854 39 223 41 889 40 140
Contribution Margin 36,1% 38,5% 36,9% 36,1% 34,5%

1 Forecast is an approximation based on information available at time of reporting.

2 Contribution Profit is defined as streaming revenue minus costs for content (licensed content and in-house productions) and marketing. Storytel Reader is not included in Streaming.

3 ARPU = Average Revenue Per User (Subscriber) per month

4 Storytel Norway included in figures @ 100%. In the consolidated group accounts Norway is reported according to the principle of proportional consolidation.

5 Print Publishing refers to physical books. Internal transactions have been redacted. Barnens bokklubb not included in table.

6 Contribution Profit is defined as revenue minus cost per sold unit, distribution costs, and sales and marketing costs.

The year-end report for January - December will be released on February 25th, 2019

This information is such information that Storytel AB (publ) is obliged to make public in accordance with EU:s market regulation (marknadsmissbruksförordning). The information was made public by above contact person on November 15th, 2018, 8.20 CET.


For more information, please contact:

Jonas Tellander, CEO: +46 70 261 61 36

Sofie Zettergren, CFO: +46 70 509 98 08

About Storytel

The Storytel group is comprised of two divisions, Streaming and Publishing. The Streaming division currently offers a subscription service for audio books and e-books under the brand names Storytel and Mofibo in Sweden, Norway, Denmark, Finland, Iceland, The Netherlands, Poland, Russia, Spain, India, the United Arab Emirates, Turkey and Italy. The Streaming division also publishes audio books and Storytel Originals, mainly through the audio-book publisher Storyside. The Publishing division is comprised of the publishers Norstedts, Massolit, Printz Publishing, Kontentan, Telegram, the Danish People’s Press, Storytel Publishing, Rabén & Sjögren and B. Wahlströms, as well as Norstedts Kartor.





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