Sweden's Storytel Q2 sales rise 12%, lifts 2026 EBITDA outlook

Storytel AB (publ)

28/07/2026 07:18

Overview
Sweden audiobook and publishing group's Q2 net sales rose 12% yr/yr
Adjusted EBITDA margin for Q2 expanded to 19.2% from 16.8%
Company raised full-year 2026 adjusted EBITDA guidance to SEK 900 mln

Outlook
Storytel raises full-year 2026 adjusted EBITDA guidance to SEK 900 mln from SEK 870 mln

Result Drivers
PUBLISHING SEGMENT - Publishing net sales grew 16% yr/yr, outpacing streaming, supported by the completed acquisition of Overamstel in May
ORGANIC GROWTH - Organic net sales growth was 10.7% yr/yr in constant exchange rates
MARGIN EXPANSION - Gross margin improved to 46.3% from 45.3% yr/yr

Company press release: ID:nMFN4FN2Qd

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 1.07 bln
 
Q2 Adjusted EBITDA
 
SEK 205 mln
 
Q2 Basic EPS
 
SEK 1.19
 
Q2 EBITDA
 
SEK 198 mln
 
Q2 Gross Profit
 
SEK 495 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer publishing peer group is "buy"
Wall Street's median 12-month price target for Storytel AB (publ) is SEK120.00, about 34.3% above its July 27 closing price of SEK89.35
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
July 28 - Sweden's eEducation Albert Q2 sales fall on discontinued revenue streams
July 27 - UK's Quartix Technologies H1 revenue rises on subscription base, price increases

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)