Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  FIRST NORTH STOCKHOLM  >  Storytel AB (publ)    STORY B   SE0007439443

STORYTEL AB (PUBL)

(STORY B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Storytel publ : Growth capital investor Vitruvian Partners purchases block of shares in Storytel from largest shareholder Roxette Photo NV

share with twitter share with LinkedIn share with facebook
share via e-mail
10/14/2019 | 04:06am EDT

Storytel AB ("Storytel" or "the Company"), northern Europe's leading service for audiobooks and e-books, announces that the independent growth equity firm Vitruvian Partners ("Vitruvian"), has purchased a block of shares from the Company's largest shareholder Roxette Photo NV, closely related to early investor and Storytel board member Jonas Sjögren. The acquisition is corresponding to approximately 3% of the shares in the Company. Following the transaction Roxette Photo NV remains the largest shareholder in Storytel AB retaining a holding of approximately 17% of the Company's shares.

Founded in 2005 and headquartered in Stockholm, Sweden, Storytel's rapid trajectory of global expansion and investment in the digitalization of the book market, has made the Company one of the world's leading audiobook and e-book streaming services, with over one million paying subscribers across 18 markets and an offering of unlimited listening and reading of more than 300 000 titles on a global scale.

Vitruvian Partners has a leading track record and significant experience in backing rapidly growing and innovative technology companies, and will support Storytel's international expansion strategy as a significant minority shareholder. Vitruvian has a strong presence in the Nordics with an office in Stockholm, Sweden.

- Storytel welcomes Vitruvian on board as we gear up and continue to grow our global footprint, creating additional value for our business as well as in the everyday life of our rapidly growing customer base around the world. I am also delighted that Storytel's early investor and board member Jonas Sjögren and Roxette Photo continue to be significant shareholders, says Storytel's founder and CEO, Jonas Tellander.

A spokesperson for Vitruvian commented:

- Vitruvian is excited to invest in Storytel as the global market for spoken word content, and audiobooks in particular, is rapidly approaching an inflection point of accelerated growth. Jonas Tellander and his team have created a truly outstanding market leader growing Storytel to its current size and we look forward to partnering with the Company supporting the next phase of its development and leveraging our experience and network to help create value for all shareholders over the coming years. 

FNCA Sweden AB is the company's certified adviser. FNCA can be reached at info@fnca.se and +46 8 528 00 399.

For more information about Storytel:

Jonas Tellander, CEO: +46 70 261 61 36

Sofie Zettergren, CFO: +46 70 509 98 08

Dan Panas, Head of Communications: +46 70 186 52 90

For more information about Vitruvian Partners:

Thomas Ahlerup, press contact:  +46 76 896 63 00

About Storytel

Storytel is one of the world's leading audiobook and e-book streaming services and offers unlimited listening and reading of more than 300 000 titles on a global scale. Our vision is to make the world a more empathetic place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel is a digital platform provider as well as a comprehensive publishing group. The streaming business area offers subscriptions for audiobooks and e-books under the Storytel and Mofibo brands. Storytel's publishing business area is carried out through the publishing houses Norstedts, Massolit, StorySide, Printz Publishing, People's Press, Rabén & Sjögren, B.Wahlströms, Gummerus Kustannus and Norstedts Kartor. Ztory - a subscribed digital read-all-you-can streaming service for newspapers and magazines, is part of Storytel since January 2019. Storytel operates in 18 markets around the globe and is headquartered in Stockholm, Sweden.

About Vitruvian Partners

Vitruvian Partners is an independent European private equity firm which specializes in `dynamic situations'-investments in companies undergoing growth and change typically driven by technology. Vitruvian helps portfolio companies scale their operations by providing an operational support system  and assistance with strategic initiatives including acquisitions. Notable investments to date include global market leaders such as Just-Eat, FarFetch, Easypark, Skyscanner, Snow Software, Transferwise, CRF Health, Voxbone and Ebury. Vitruvian has strong presence in the Nordics with six current investments across the region: Accountor, Benify, Easypark, Snow Software, Trustpilot and Unifaun. Vitruvian has assets under management of approximately €5 billion, and offices in London, Stockholm, Munich, Luxembourg, Shanghai, and San Francisco. More information can be found at: www.vitruvianpartners.com.

https://news.cision.com/storytel/r/growth-capital-investor-vitruvian-partners-purchases-block-of-shares-in-storytel-from-largest-shareh,c2931684

(c) 2019 Cision. All rights reserved., source Press Releases - English

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on STORYTEL AB (PUBL)
02/20STORYTEL PUBL : has completed a directed share issue and thereby raises approxim..
AQ
02/20STORYTEL PUBL : intends to carry out a directed share issue through an accelerat..
AQ
02/20STORYTEL PUBL : Year End Report January - December 2019 Storytel AB (publ)
AQ
02/13STORYTEL PUBL : Invitation to presentation of Storytel AB's Year-End Report 2019
AQ
01/13STORYTEL PUBL : to host Capital Markets Day on the 14th of January - forecasts s..
AQ
01/09STORYTEL PUBL : exceeds the forecast for Q4 2019 - passes the milestone 1,100,00..
AQ
2019STORYTEL PUBL : Sofie Zettergren, CFO of Storytel, takes parental leave - Jörgen..
AQ
2019STORYTEL PUBL : launches its service in South Korea
AQ
2019STORYTEL PUBL : Interim Report January - September 2019 Storytel AB (publ)
AQ
2019STORYTEL PUBL : Growth capital investor Vitruvian Partners purchases block of sh..
AQ
More news
Financials (SEK)
Sales 2019 1 899 M
EBIT 2019 -367 M
Net income 2019 -306 M
Finance 2019 6,70 M
Yield 2019 -
P/E ratio 2019 -23,3x
P/E ratio 2020 -25,5x
EV / Sales2019 4,17x
EV / Sales2020 3,08x
Capitalization 7 920 M
Chart STORYTEL AB (PUBL)
Duration : Period :
Storytel AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 208,33  SEK
Last Close Price 127,60  SEK
Spread / Highest target 99,8%
Spread / Average Target 63,3%
Spread / Lowest Target 33,2%
EPS Revisions
Managers
NameTitle
Per Jonas Tellander Chief Executive Officer & Independent Director
Rustan Jehangir Panday Chairman
Märta Langéen Chief Operating Officer
Jörgen Gullbrandson Chief Financial Officer
Daniel Bodnér Co-Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
STORYTEL AB (PUBL)-9.92%797
INFORMA PLC-45.71%7 229
AXEL SPRINGER SE-10.11%6 753
NEWS CORPORATION-39.67%4 999
PEARSON PLC-18.56%4 824
SCHIBSTED-28.14%4 191