Brief: Storytel Sees FY 2024 Organic Group Revenue Of Around 10%

Storytel AB (publ)

07/05/2024 07:22

May 7 (Reuters) - Storytel AB (publ)  STORYb.ST :
    * Q1 STREAMING REVENUE SEK 837  MILLION VERSUS SEK 742
MILLION
YEAR AGO
    * Q1 NET SALES SEK 892 MILLION VERSUS SEK 796 MILLION YEAR
AGO
    * IN THE NORDICS, 13% GROWTH IN REVENUES WAS DRIVEN BOTH BY
HIGHER
AVERAGE REVENUE PER USER, DUE TO PRICE INCREASES CARRIED OUT
LATE IN Q1 2023, AND A 6% GROWTH IN AVERAGE PAYING SUBSCRIBERS
TO 1.2 MILLION
    * WE ANTICIPATE STEADY GROWTH IN NON-NORDIC STREAMING
THROUGHOUT
THE YEAR
    * Q1 AVERAGE PAYING SUBSCRIBERS 2,256,000 VERSUS 2,041,000
YEAR
AGO
    * FY 2024 GUIDANCE UPDATED: ORGANIC GROUP REVENUE OF AROUND
10%
    * FY 2024 GUIDANCE UPDATED: ABOVE 13% EBITDA MARGIN
(ADJUSTED FOR
ITEMS AFFECTING COMPARABILITY)
    * FY 2024 GUIDANCE UPDATED: OPERATIONAL CASH FLOW (ADJUSTED
EBITDA
LESS OPERATIONAL CAPEX) ABOVE 8% OF REVENUES

Source text for Eikon:  ID:nMFNc5175Z 
Further company coverage:  STORYb.ST 

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