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    EQT   SE0012853455


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EQT : Public Value invests in Storytel - becomes second largest shareholder

09/07/2021 | 02:04am EST

EQT is pleased to announce that EQT Public Value ("EQT Public Value") has acquired 6.6 million shares in Storytel AB ("Storytel" or "the Company"), representing an ownership of close to 10 percent of shares outstanding. Joakim Rubin, Partner within EQT Public Value Advisory Team, is nominated to join the board of directors, subject to approval of an extraordinary general meeting.

Storytel, listed on Nasdaq First North has a strong track record of organic and inorganic growth in the large and fast-growing audiobook market. Storytel is one of the world's largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 700,000 titles on a global scale. The Company's vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel's streaming business is conducted under the brands Storytel and Mofibo. Storytel's publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts, People's and Gummerus. Storytel operates in 25 markets around the globe and is headquartered in Stockholm, Sweden.

EQT Public Value seeks to identify minority investments in public companies with market leading positions, strong management teams and significant potential for top-line and earnings growth. Through shareholder engagement, EQT Public Value aims to work closely with existing shareholders, boards and management teams in order to allow that companies reach their full potential and deliver shareholder value. In addition to Storytel, EQT Public Value has previously disclosed positions in Securitas, BHG Group, Storebrand, Biogaia and AFRY.

The EQT Public Value advisory team looks forward, pending the Extraordinary General Meeting, to working together with shareholders, board and management on the next phase of Storytel's growth journey.

EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization with more than EUR 71 billion in assets under management across 27 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EQT AB (PUBL) 7.57% 503.2 Delayed Quote.122.34%
STORYTEL AB (PUBL) 5.62% 154.95 Delayed Quote.-44.89%
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Analyst Recommendations on EQT AB (PUBL)
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Sales 2021 1 432 M 1 611 M 1 611 M
Net income 2021 786 M 884 M 884 M
Net cash 2021 607 M 682 M 682 M
P/E ratio 2021 58,4x
Yield 2021 0,82%
Capitalization 44 973 M 50 583 M 50 594 M
EV / Sales 2021 31,0x
EV / Sales 2022 25,9x
Nbr of Employees 938
Free-Float 33,7%
Duration : Period :
EQT AB (publ) Technical Analysis Chart | MarketScreener
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Technical analysis trends EQT AB (PUBL)
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Last Close Price 45,58 €
Average target price 43,34 €
Spread / Average Target -4,92%
EPS Revisions
Managers and Directors
Christian Otto Sinding Chief Executive Officer & Managing Partner
Kim Henriksson Chief Financial Officer
Yngve Conni Jonsson Chairman
Caspar Mats Andreas Callerström Chief Operating Officer & Deputy CEO
Edith W. Cooper Independent Director
Sector and Competitors