Corrected: BRIEF-Storytel Q3 Streaming Sales Up At SEK 583 Mln

Storytel AB (publ)

05/11/2021 07:54

(Corrects revenue numbers in headline and 8th bullet point)
    Nov 5 (Reuters) - Storytel AB (publ)  STORYb.ST :
    * INTERIM REPORT JANUARY - SEPTEMBER 2021
    * Q3 STREAMING SALES UP 19% FROM Q3 2020 TO 583 (490) MSEK,
+20%
WITH CONSTANT EXCHANGE RATES
    * Q3 SUBSCRIBER BASE UP 27% FROM Q3 2020 TO 1,724,000
(1,360,300)
ON AVERAGE
    * STORYTEL BOOKS SALES UP 20% YOY IN Q3 2021,
    * Q3 EBIT MARGIN 24.7% (16.1%), DRIVEN BY STRONG ORGANIC
GROWTH
AND ACQUISITION OF LIND & CO.
    * NET TURNOVER INCLUDING STREAMING AND BOOKS INCREASED BY
17.3%
FROM Q3 2020 TO 714 (609) MSEK
    * EARNINGS PER SHARE, AFTER TAXES AMOUNTED TO -0.92 (-0.38)
SEK IN
Q3 2021, BEFORE AND AFTER DILUTION
    * Q3 REVENUE SEK 583 MILLION VERSUS SEK 490 MILLION YEAR AGO
    * -FY 2021 GUIDANCE REVENUE EXPECTED AT 2.250 MSEK
    * FY 2021 GUIDANCE EOY SUBSCRIBERS EXPECTED AT
1,820,000-1,840,000
    * STORYTEL’S BOOKS SEGMENT HAS HAD A FANTASTIC QUARTER, WITH
A
REVENUE GROWTH OF 20% YOY IN Q3 2021 AND A RECORD HIGH EBIT
MARGIN OF 24.7%, COMPARED TO 16.1% IN Q3 2020
    * STORYTEL - RECORD HIGH EBIT MARGIN CAN BE ATTRIBUTED TO
INCREASED DIGITAL SALES, FEWER RETURNS AS PHYSICAL SALES HAS
SHIFTED FROM PHYSICAL BOOKS STORES TO ONLINE BOOKSTORES,  LOWER
FIXED COSTS AS  RESULT OF COVID-19 AND  DIGITAL TRANSFORMATION

Source text for Eikon:  ID:nWkr4SP6dM 
Further company coverage:  STORYb.ST 

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