Brief: Storytel Presents Mid-Term Financial Targets, Strategic Direction

Storytel AB (publ)

13/06/2023 07:50

June 13 (Reuters) - Storytel AB (publ)  STORYb.ST :
    * STORYTEL PRESENTS MID-TERM FINANCIAL TARGETS AND STRATEGIC
DIRECTION TO FURTHER STRENGTHEN ITS LEADING POSITION
    * MID-TERM TARGET: TOTAL NET SALES TO REACH AT LEAST 5,000
MSEK IN
2026 THROUGH ORGANIC GROWTH
    * MID-TERM TARGET: ORGANIC AVERAGE ANNUAL STREAMING REVENUE
GROWTH
OF 15 PERCENT
    * MID-TERM TARGET: CAPEX OF ABOUT 5 PERCENT OF GROUP REVENUE
    * TARGETS POSITIVE AND SIGNIFICANT INCREASE IN OPERATIONAL
CASH
FLOW FROM 2023
    * MID-TERM TARGET: EBITDA MARGIN OF AT LEAST 12 PERCENT IN
2026,
WITH A LONG-TERM AMBITION OF 15 PERCENT OR HIGHER
    * WILL ALLOCATE RESOURCES TO MARKETS WITH RIGHT CONDITIONS
FOR
SUCCESS, AND BY INCREASING OUR SUBSCRIBER BASE TO MORE THAN 3.2
MILLION PAID SUBSCRIBERS BY 2026, WE ARE IN POSITION TO DELIVER
GROWTH WITH INCREASED PROFITABILITY OVER TIME

Source text for Eikon:  ID:nWkr2hHKZ8 
Further company coverage:  STORYb.ST 

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