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STORY B Storytel AB (publ) News Story

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Storytel jumps to nearly 2-yr highs after strong Q4 numbers

(Corrects milestone in headline to say three-year, not two-tear
high.)
    ** Shares in Storytel  STORYb.ST  jump 11.6% to their
highest since April 2022 after the Swedish audio- and e-book
streaming company posted Q4 earnings beat
    ** Q4 adjusted EBITDA came in at SEK 192 million ($17.69
million), ahead of the 170 million seen by analysts in a
company-compiled consensus
    ** Pareto analyst Stefan Ward notes the very strong numbers
with emphasis on margins and cash flow
    ** "Big beat on underlying earnings – should result in
positive revisions to an already conservatively priced stock,"
he adds

($1 = 10.8529 Swedish crowns)

 (Reporting by Jagoda Darlak)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))

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