Storytel publ : Year End Report January - December 2019 Storytel AB (publ)

· Streaming sales up 45% from Q4 2018, to 421 (291) MSEK 
·
Subscriber base up 41% from Q4 2018 to 1,083,400 (768,700) on average 

·
Net turnover increased to 565 MSEK from 437 MSEK in Q4 2018

·
Earnings per share, after taxes amounted to -1.43 (-0.61) SEK, before and after dilution 

·
The Board of Directors proposes no dividends be paid for 2019 FY 

·
Launched in South Korea, Storytels 20th market

·
Refinanced bank loans and extended credits at Swedbank 

Table 1: Key performance indicators for Streaming and Print Publishing 

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Currency: SEK                          Q3        Q4        Q1
000's  Q4  Q1  Q2 2019 2019 2020
2018 2019  2019
Streaming         Actual      
Total  Forecast[1]
Revenue 291,315 295,994 320,034 399,178 421,454 438,000
Contribution 30,444 31,372 29,407 53,043 58,977  
Profit[2]
Contribution 10.5% 10.6% 9.2% 13.3% 14.0%  
Margin
Avg. Paying 768,700 834,300 887,500 1,014,400 1,083,400 1,154,000
Subscribers[3]
ARPU[4] 126 118 120 131 130 127
(SEK/Month)
Streaming            
Nordics[5]
Revenue 259,256 258,288 276,347 340,315 352,222 357,000
Contribution 82,645 75,329 70,443 109,563 115,689  
Profit[2]
Contribution 31.9% 29.2% 25.5% 32.2% 32.8%  
Margin
Avg. Paying 616,300 645,500 669,200 736,000 757,600 782,000
Subscribers[3]
ARPU[4] 140 133 138 154 155 152
(SEK/Month)
Streaming Non            
-Nordics
Revenue 32,059 37,706 43,687 58,863 69,233 81,000
Contribution −52,200 −43,957 -41,036 -56,521 -56,713  
Profit[2]
Contribution −162.8% −116.6% -93.9% -96.0% -81.9%  
Margin
Avg. Paying 152,400 188,800 218,300 278,400 325,800 372,000
Subscribers[3]
ARPU[4] 70 67 67 70 71 73
(SEK/Month)
Print            
Publishing[6]
Revenue 170,435 107,316 109,053 116,371 179,562  
Contribution 54,681 32,775 28,830 33,327 65,592  
Profit[7]
Contribution 32.1% 30.5% 26.4% 28.6% 36.5%  
Margin

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1 "Forecast" means an approximation based on information available at the time the report was prepared.

2 Contribution Profit is defined as streaming revenue minus royalties to third-party publishers and rights holders, in-house production costs, transaction/payment costs and marketing costs. Storytel Reader and Ztory are not included in Streaming. 

3 Avg. Paying Subscribers means the average number of paying Storytel subscribers during the quarter. Stand-alone customers from Ztory are not included. For Family subscriptions, each standard stream (not so-called Kids Mode) is considered one paying customer. 

4 ARPU = Average Revenue Per User (Subscriber) per month. 

5 Storytel Norway is included in the figures @ 100%. In the consolidated accounts, Norway is reported in accordance with the principle of proportional consolidation.

6 Print Publishing refers to physical books and digital sales through channels other than Storytel. Internal revenue from Storytel has been eliminated. All publishing houses both inside and outside of Sweden are included. 

7 Contribution Profit is defined as revenue minus cost of goods sold, royalties to rights holders, distribution, sales and marketing costs. 

Forthcoming reports

Annual Report 2019 - 2 April 2020

Interim Report Jan - Mar 2020 - 12 May 2020

Interim Report Jan - June 2020 - 11 Aug 2020

Interim Report Jan - Sept 2020 - 10 Nov 2020

 

FNCA Sweden AB is the company's certified adviser. FNCA can be reached at [e-mail] or [phone].

 

This information constitutes inside information in accordance with the EU Market Abuse Regulation 596/2014 and is such information that Storytel AB (publ) is required to disclose. The information was provided by the above contact person at the time stated in this press release by the Company's news distributor Cision.

 

For more information, please contact:

Jonas Tellander, CEO: [phone]

Jörgen Gullbrandson, Interim CFO: [phone]

Dan Panas, Head of Communications: [phone]

Storytel är norra Europas största streamingtjänst för ljudböcker och e-böcker, med mer än 400 000 titlar i tjänsten globalt. Vår vision är att göra världen till en mer empatisk plats, genom fantastiska berättelser som kan delas och uppskattas av vem som helst, var som helst och när som helst. Storytel erbjuder både en digital distributionslösning och förlagsverksamhet. Streamingverksamheten är en abonnemangstjänst för ljudböcker och e-böcker under varumärkena Storytel och Mofibo. Förlagsverksamheten består av Norstedts, Massolit, StorySide, Printz Publishing, People's Press, Rabén & Sjögren, B. Wahlströms, Gummerus Kustannus och Norstedts kartor. Ztory - en streamingtjänst för tidningar och magasin, blev en del av Storytel i januari 2019. Storytel finns idag på 20 marknader och har sitt huvudkontor i Stockholm.

https://news.cision.com/storytel/r/year-end-report-january---december-2019-storytel-ab--publ-,c3039725

https://mb.cision.com/Main/11546/3039725/1197205.pdf

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