FULLTEXT DEL 1 AV 1
Kvartalsrapport Q1 2024

===== SIDA 1 =====

“Thefirst quarter markedanother stepupinour financialperformanceasStorytel deliveredastrongresult withimprovedprofitabilityandoperational cashflow”
Highlights
Numbersfortheﬁrstquarter2024arecomparedtotheﬁrstquarter2023● AdjustedEBITDAincreasedby167%to104(39)MSEK,equalingamarginof11.7%(4.9%)● AdjustedGrossproﬁtup22%to385(316)MSEK,equalingamarginof43.2%(39.6%)● Streamingrevenueup13%to837(742)MSEK;and13%atconstantexchangerates(CER)● Storytelimplementedaneﬃciencyoptimizationinitiativeincludinga13%reductioninworkforce,whichresultedinrelatedItemsAﬀectingComparability(IACs)of45MSEK● StorytelBooksandNextoryreachedanagreementtodistributeStorytelBooks’titlesonNextory’splatformasof1February2024● Storytelextendedtheexistingrevolvingcreditfacility(RCF)until2April2025andreducedthefacilityto750MSEK,atotherwiseunchangedterms● JohannesLarchertostepdownasCEOinthefallof2024
Financial summary
MSEK
Q12024 Q12023 % FY2023
StreamingRevenue
1 
837 742 12.8%
3,242GroupRevenue
2 
892 796 12.0%
3,489AdjustedGrossproﬁt 385 316 22.1%
1,389Grossproﬁt 378 316 20.0%
1,247AdjustedOperatingproﬁt 31 -43 173.0%
-50Operatingproﬁt -24 -48 50.8%
-742
AdjustedGrossmargin 43.2% 39.6% 3.6p 39.8%AdjustedEBITDA 104 39 167.2%
283AdjustedEBITDAmargin 11.7% 4.9% 6.8p 8.1%EBITDA 51 34 50.1%
165Basicanddilutedearningsper share(SEK) -0.32 -0.81 60.5% -10.63Cashﬂowfromoperationsbeforechangesinworkingcapital
27 18 54.3% 102
Operational cashﬂow 73 1 -
125
2 
Intheconsolidatedaccounts, Storytel Norwayisreportedinaccordancewiththeequitymethod. Asaresult, theStreamingrevenuelistedinthetable ishigher thanintheconsolidatedstatement of accountsinorder toprovideamoreaccuratefigurefor averagerevenueper subscriber. PleaseseeNote5foradditional details.
1 
Streamingrevenueincludesall of Storytel Norway’srevenue.

===== SIDA 2 =====

CEO-statement
“Our solidperformancelast year hasset thestagefor astrongstart to2024.”
Intheﬁrstquarterwesuccessfullynavigatedoperationalandrestructuringchallengeswithagilityanddetermination.Weleveragedourimprovedoperationaleﬃciencytoacceleratemomentumandachieverobustﬁnancialresults.Thequarterwasatestamenttoourcommitmenttodeliverincreasedvaluetoourshareholdersandlaidasolidfoundationfor2024andbeyond.Aswecontinuetoevolveandadapttoachangingbusinesslandscapeweremainfocusedonexecutingonourproﬁtablegrowthstrategyandtodeliveronourtargets.
StrongﬁnancialdevelopmentTheﬁrstquartermarkedanotherstepupinourﬁnancialperformanceasStoryteldeliveredastrongresultwithimprovedproﬁtabilityandoperationalcashﬂow. Thegroup’sadjustedEBITDAincreased167percentto104MSEK,reachingthehighestlevelinStorytel'shistory,equaltoamarginof11.7percent.Theoperationalcashﬂowwas73MSEKequalto8.2percentofrevenues.Totalgrouprevenuegrew12percentwhilestreamingrevenuegrew13percent.IntheNordics,the13percentgrowthinrevenueswasdrivenbothbyhigheraveragerevenueperuser, duetopriceincreasescarriedoutlateintheﬁrstquarter2023,anda6percentgrowthinaveragepayingsubscribersto1.2million.Goingforward,revenuegrowthintheNordicswillbedrivenmorebytheintakeofnewsubscribers,andwerecognizethatthemarketwillremainchallengingascompetitioninourhomeregioncontinuestobeﬁerce.WeplantoaccelerateNordicsubscriberandrevenuegrowthbycontinuingtodevelopamorediﬀerentiated,attractivelypackaged,andcustomer-orientedservice.Non-Nordicstreamingrevenuesgrew13percent,mostlydrivenbythe18percent
increaseinouraveragesubscriberbaseto1.1million.ProgresswasparticularlyevidentinourfourNon-Nordicgrowthmarkets- TheNetherlands,Poland,BulgariaandTurkey-withmorethan25percentincreaseinaveragepayingsubscribers.IntheUS,Audiobooks.comalsoenjoyedstrongsubscribergrowthonthebackofgeneralmarketgrowthandhighermarketingeﬃciency.WeanticipatesteadygrowthinNon-Nordicstreamingthroughouttheyear, drivenbyacombinationofsustained,strongcustomerintakecombinedwithincreasedaveragerevenueperuser.Ascomparedtothepreviousquarter,averagerevenueperusercamedownasnewsubscriberintakewaspredominantlydriveningeographiesandinpaymentplanswithloweraveragerevenueperuser.TotalsalesintheBookssegmentincreased7percent.Externalsalesgrewby1percentto131MSEKwhileinternalsalesgrewby22percent.StorytelBookshadapositiveﬁrstquarterwithincreaseddigitalsalesbothexternallyandinternally,showcasingthequalityandappealofourcontentportfolio.RevenuegrowthinexternalsaleswasalsosupportedbyStorytelBooks’recentlyrenewedagreementwithNextoryto
2

===== SIDA 3 =====

distributeamajorityofStorytelBooks’andStoryside’stitlesonNextory’splatforminSweden,FinlandandDenmark.TheagreementonlycameintoeﬀectinearlyFebruaryforwhichthecontributionwillbemoreprominentfromthesecondquarter.
CommitmenttodeliveringhighqualitycontentOurcontentstrategyisgainingtraction,withconsumptionoftitlesfromourinternalpublishersshowingsteadygrowth.InQ1,titlesfromourdigitalinhousepublisherStorysidereachedrecordconsumptionlevels.TrueCrimeformatslikeHomosexligansomstyrdeSverigebyErikGalliandMinKampforRetfærdighedbyTheaPedersen&JaneFisher-ByrialsenengagedusersinSwedenandDenmarkupontheirreleases.Additionally,weareproudtohaveproducedtheﬁrsteverTurkishaudiobookreleaseofoneofthemostbelovedsagasofalltime,TheLordoftheRings. I amalsoexcitedthatNorstedtswillbereleasingthememoirsofSwedishtennislegendBjörnBorgin2025,availableinbothprintandaudiobookformats.Since2015,StorytelAwardshaveannuallycelebratedtalentedauthorsandnarratorswhocaptivateandentertainaudiobooklisteners.Thisspring,ceremonieswerearrangedinStockholm,Helsinki,Copenhagen,Oslo,Reykjavik,andAmsterdamwheretheStorytelaudience’sfavoritenarratorsandauthorswereawardedover60statuettes.Theseawardsareatestamenttoourcommitmenttorecognizeexcellenceandfosterthegeneralgrowthofaudiobooks.
Drivingsuccessthrougheﬃciencyandinnovation
Thisquarterwemadebigstridesinenhancingeﬃcienciesandstreamliningourteamstobetteralignwithourstrategicobjectives.Thematureandresilientapproachdemonstratedbyourteamsthroughoutthisrestructuringprocessis
commendable.Asaresult,wehavebeenabletooptimizeouroperations,reduceredundancies,andcreatedaleanerandmoreagileorganization.InFebruary,welaunchedVoiceSwitcherinSweden,agroundbreakingfeatureenhancingtheaudiobookexperiencebyallowinglistenerstoswitchbetweenhumanandAInarrators.Notably,renownedSwedishactorStefanSaukcollaboratedwithusonthisproject.HisAI-generatedvoiceisalreadyavailableon25audiobookstogetherwithseveralotherAIvoices,providinglistenerswithdiversenarrationoptions.Thereceptionhasbeenencouraging,andweexpecttointroduceVoiceSwitcherinadditionallanguagessoon.Servicediﬀerentiationremainsatoppriorityforus,andwehaveinvestedsigniﬁcantlyinpositioningStorytelwithuniquecontentandproductfeatures.Asanextstep,weareexploringnewpricingpackagesandoﬀersforourstreamingplatform,expectedtorolloutlaterthisyear.I canproudlystatethatweareoﬀtoastrongstart in2024,thankstothededication,resilience,andinnovativespiritofourteam;andI amoptimisticabouttheremainderofthisyearandbeyond.Asrecentlyannounced,I willstepdownasCEOofStorytelGroupduringthefall.Thecompanyhasbeenthrougharemarkabletransformationduringthelastyearsandisnowagrowing,proﬁtableandinnovativebusinessingoodshape.Inserviceofourmissionto“MovetheWorldthroughStory”, IhaveconﬁdencethatStorytelwillcontinuetocreatesustainablevalueforouremployees,customersandshareholdersforalongtimetocome.
JohannesLarcher, CEO
3

===== SIDA 4 =====

Table1:KeyPerformanceIndicators
TSEK Q12023 Q22023 Q32023 Q42023 Q12024StreamingTotal
3
Revenue 742,081 798,881 842,407 858,209 836,858AdjustedGrossproﬁt 317,067 344,949 366,414 373,795 386,631AdjustedGrossmargin 42.7% 43.2% 43.5% 43.6% 46.2%Grossproﬁt 317,067 344,949 366,414 246,503 382,783Avg. PayingSubscribers 2,041,000 2,055,000 2,144,000 2,201,000 2,256,000ARPU(SEK/month) 121 130 131 130 124
StreamingNordics
3
Revenue 496,630 543,765 571,625 573,674 559,172AdjustedGrossproﬁt 200,992 227,364 241,027 243,380 252,479AdjustedGrossmargin 40.5% 41.8% 42.2% 42.4% 45.2%Grossproﬁt 200,992 227,364 241,027 186,564 249,402Avg. PayingSubscribers 1,125,000 1,122,000 1,169,000 1,183,000 1,188,000ARPU(SEK/month) 147 162 163 162 157
StreamingNon-NordicsRevenue 245,451 255,117 270,782 284,535 277,687AdjustedGrossproﬁt 116,075 117,585 125,387 130,415 134,152AdjustedGrossmargin 47.3% 46.1% 46.3% 45.8% 48.3%Grossproﬁt 116,075 117,585 125,387 59,939 133,381Avg. PayingSubscribers 916,000 933,000 975,000 1,018,000 1,067,000ARPU(SEK/month) 89 91 93 93 87
BooksRevenue 130,083 128,668 139,970 170,946 131,079AdjustedGrossproﬁt 68,472 67,525 65,098 94,799 76,923AdjustedGrossmargin 52.6% 52.5% 46.5% 55.5% 58.7%Grossproﬁt 68,472 67,525 65,098 85,015 74,190
Grouptotal
4
Revenue 796,293 851,070 895,758 946,099 891,886AdjustedGrossproﬁt 315,501 333,296 352,934 387,648 385,051AdjustedGrossmargin 39.6% 39.2% 39.4% 41.0% 43.2%Grossproﬁt 315,501 333,296 352,934 245,593 378,470
RevenueGrowthYoY Q12023 Q22023 Q32023 Q42023 Q12024StreamingTotal
3
Revenue 6.2% 13.4% 13.5% 15.6% 12.8%Revenueexcl Russia 9.2% 15.2% 15.0% 15.6% 12.8%Revenue–CER 2.9% 9.8% 9.0% 14.5% 13.0%
StreamingNordics
3
Revenue 8.3% 15.8% 16.0% 15.1% 12.6%Revenue–CER 6.8% 13.9% 12.6% 14.6% 12.9%
StreamingNon-NordicsRevenue 2.3% 8.5% 8.5% 16.6% 13.1%Revenueexcl Russia 11.0% 13.9% 12.8% 16.6% 13.1%Revenue–CER -4.7% 1.6% 2.1% 14.2% 13.1%
BooksRevenue -12.9% -18.0% -4.9% -11.5% 0.8%Revenue–CER -14.6% -20.0% -7.5% -12.5% 0.6%
3 
Streamingrevenueincludesall of Storytel Norway’srevenue.4 
Intheconsolidatedaccounts, Storytel Norwayisreportedinaccordancewiththeequitymethod. Asaresult, theStreamingrevenuelistedinTable1ishigher thanintheconsolidatedstatement of accountsinorder toprovideamoreaccurateﬁgurefor averagerevenueper subscriber. PleaseseeNote5foradditional details.
4

===== SIDA 5 =====

Developmentsduringtheﬁrstquarter2024,Group
Comparativeﬁguresinbracketspertaintotheﬁrstquarter2023
NetsalesGroupnetsalesforthequarterincreasedby12%fromthecomparativeperiodto891.9(796.3)MSEK.Theincreaseismostlydrivenbya13%growthinStreamingrevenueswhereallcoremarkets,theNordics,theUS,andthefourNon-Nordicgrowthmarkets(theNetherlands,Turkey,Poland,andBulgaria)contributed.GrowthwasparticularlystrongintheNon-Nordicgrowthmarketswhererevenuesincreasedalmost25%.Organicstreamingrevenuegrowthwas13%atconstantexchangeratesintheﬁrstquarter.TheBookssegment’sexternalsalesincreased1%,drivenbyhigherdigitalsales,whilethesaleofprintedbooksreﬂectsthegeneraldeclineinthesegment.Internalsales,fromourin-housepublisherstoourstreamingservice,continuedtogrowby22percentintheﬁrstquarter.Inthequarter, theaverageARPUwas124(121)SEK.Averagepayingstreamingsubscribersamountedto2,255,000,anincreaseby215,000comparedwithlastyearandby55,000comparedwiththepreviousquarter. TheincreaseinthesubscriberbaseismostlydrivenbyourfourNon-Nordicgrowthmarkets,andtheNordicandtheUSbusinessalsoshowedhealthygrowth.
ItemsaﬀectingcomparabilityIntheﬁrstquarter2024,StorytelrecognizedItemsAﬀectingComparability(IACs)of-55.0MSEK,ofwhich-53.3MSEKaﬀectstheEBITDA.OftheIACs,-45.1MSEKrelatetorestructuringchargesinpersonnelandotheroperationalexpenditures.Another-9.9MSEKrelatestoexpensesarisingfromthegroup’sshare-basedincentiveschemes.
OftheIACsinthequarter, -6.6(0.0)MSEKisreportedascostofsalesanddecreasedgrossproﬁt,and-48.4(5.0)MSEKisreportedasoperatingcostandreducedoperatingproﬁt.
AdjustedGrouptotal Q12024 Q12023
Net sales 891.9 796.3
Cost of sales -506.8 -480.8
Grossproﬁt 385.1 315.5Sellingandmarketingexpenses
-212.0 -205.7Technologyanddevelopmentexpenses
-60.5 -69.5
Administrativeexpenses -79.7 -92.1
Other operatingitems 4.1 5.3Proﬁt fromparticipationsinassociates
-5.6 3.4
Operatingproﬁt/loss 31.4 -43.0
Net ﬁnancial items 8.7 -16.2
Proﬁt beforetax 40.1 -59.2
Itemsaﬀectingcomparability Q12024 Q12023
Net sales - -Cost of sales -6.6 -Grossproﬁt -6.6 -Sellingandmarketingexpenses
-9.6 -Technologyanddevelopmentexpenses
-24.1 -
Administrativeexpenses -14.7 -5.0
Other operatingincome - -Proﬁt fromparticipationsinassociates
- -
Operatingproﬁt/loss -55.0 -5.0Net ﬁnancial items - -Proﬁt beforetax -55.0 -5.0
GrossproﬁtCostofsalesfortheperiodincreasedby7%to-513.4(-480.8)MSEKandgrossproﬁtincreasedby20%amountingto378.5(315.5)MSEK.
5

===== SIDA 6 =====

AdjustedGrossproﬁtincreasedby22%andamountedto385.1(315.5)MSEK,whichequalsagrossmarginof43.2%(39.6%),up3.6pptfromlastyear, mainlydrivenbyimprovementsinStreamingNordics.
EBITDAEBITDAforthequarterincreasedto50.9(33.9)MSEK.
AdjustedEBITDAforthequarterincreasedby167%andtotaled104.2(39.0)MSEK,whichequalsanadjustedEBITDAmarginof11.7%(4.9%).Thesigniﬁcantimprovementisdrivenbystronggrowthinstreamingrevenueandareductionofcostsasaresultofcosteﬃciencymeasures.
OperatingproﬁtOperatingproﬁtforthequartertotaled-23.6(-48.0)MSEK.Adjustedoperatingproﬁtforthequartertotaled31.4(-43.0)MSEK.TheimprovementwastoalargeextentderivedfromincreasedrevenueswithinNordicstreamingcombinedwithareductionofoperatingexpenses.Adjustedsellingandmarketingexpensesincreasedby3%to-212.0(-205.7)MSEK.Adjustedtechnologyanddevelopmentexpensesdecreasedby13%to-60.5(-69.5)MSEK.Adjustedgeneralandadministrativeexpensesdecreasedby14%to-79.7(-92.1)MSEK.
NetproﬁtProﬁtbeforetaxforthequarteramountedto-14.9(-64.3)MSEK.Adjustedproﬁtbeforetaxforthequarteramountedto40.1(-59.2)MSEK.
Netﬁnancialitemsforthequartertotaled8.7(-16.2)MSEK.Theamountincludes-12.2(-14.4)innetinterestcosts,aswellasFXeﬀectsmainlyfromaUSDdenominatedcommitmentderivedfromtheacquisitionofAudiobooks.comof18.2MSEK.
Taxesforthequarteramountedto-8.3(2.5)MSEK.Netproﬁtforthequarteramountedto-23.2(-61.7)MSEK.
Earningspershareforthequartertotaled-0.32(-0.81)SEK,beforeandafterdilution.
CashﬂowCashﬂowfromoperationsbeforechangesinworkingcapitalamountedto28.0(17.8)MSEK.Thechangeinworkingcapitalwas-27.0(3.9)MSEK,resultingincashﬂowfromoperatingactivitiesof1.0(21.7)MSEKforthequarter. Changesinworkingcapitalwereduetoseasonalityonreceivablesandpayables,whileafurtherreductioninliabilitieswastheresultofthepreviousquarter’srestructuring,bonusandholidayaccrualsbeingpaidout.Cashﬂowfrominvestingactivitieswas-38.4(-47.8)MSEK.Cashﬂowfromﬁnancingactivitieswas-59.3(-212.3)MSEKwhichincludesa50MSEKrepaymentofatermloan.Totalcashﬂowforthequarterwas-96.7(-238.4)MSEK.
6

===== SIDA 7 =====

Otherinformation
Financialposition,equity&liquidity(comparedtoMarch31,2023)At theendoftheperiod,theGrouphad351.8(540.4)MSEKincashandcashequivalents.Theequity-to-assetratioattheendoftheperiodwas42.9%(51.5%).
Totalequityattheendoftheperiodwas1,287.4(2,061.2)MSEK.
Totalnon-currentliabilitiesamountedto826.3(991.9)MSEKandtotalcurrentliabilitiesamountedto890.5(949.5)MSEK.
Outofthetotalcurrentliabilities,50MSEKrelatetotheremainingpart ofthebanktermloanthatwillbefullyamortizedby30June2024.Duringtheﬁrstquarter, 50MSEKofthetermloanwasamortized.
Totalavailableliquidity(cashandcashequivalentsandunutilizedRCF)totalled451.8MSEKattheendoftheperiod.
ParentCompanyStorytelABistheGroup’sParentCompanyandresponsibleforGroup-widemanagement,administrationandﬁnancing.
NetsalesfortheParentCompanyamountedto11.5(8.8)MSEKinthequarter, proﬁtbeforetaxamountedto-9.7(-5.2)MSEK,andproﬁt/lossamountedto-9.7(-5.2)MSEK.Totalequityamountedto4,186.7(4,204.0)MSEK.Thecondensedincome
statementandbalancesheetfortheParentCompanyarepresentedintheﬁnancialstatementsfortheParentCompanybelow.
RisksanduncertaintyfactorsTheGroupissubjecttosigniﬁcantrisksanduncertainties.Asnotedinthe2023AnnualReport,thesefactorsincludetheprevailingeconomicandbusinessenvironmentsineachoftheGroup’smarkets;politicalandlegislativerisksrelatedtochangesinrulesandregulationsinthevariousterritoriesinwhichtheGroupoperates;exposuretoforeignexchangeratemovements;changesintheabilitytoaccesscapitalmarkets;andtheemergenceofnewtechnologiesandcompetitors.Increasedinﬂationarypressuresandinterestratescouldaﬀectthepurchasingpowerofconsumersandthewillingnessandabilitytoremainsubscriberstothegroup’sservices.Furthermore,theongoingwarintheUkraineandthewarbetweenIsraelandHamasaddsuncertaintyfromaglobal,macroeconomicperspective.StorytelpreviouslyannouncedandphasedoutitsoperationsinRussiabythethirdquarterof2022,andasofMarch31,2024,despiteprevailinguncertainties,thegroupisnotawareofanyremainingmaterialbalancesheetexposure.Thegroup’soperationsandexposureinIsraelarenotmaterial.
7

===== SIDA 8 =====

SigniﬁcanteventsduringtheperiodStorytel’sstreamingorganizationandourDanishpublisherPeople’sinitiatedeﬃciencyoptimizationinitiatives.Theinitiativesrepresenta13percentreductioninworkforcebytheendof2024comparedwiththeendof2023.Intheﬁrstquarter2024,StorytelrecognizedItemsAﬀectingComparability(IACs)of-55.0MSEK,ofwhich-53.3MSEKaﬀectstheEBITDA.OftheIACs,-45.1MSEKrelatetorestructuringchargesinpersonnelandotheroperationalexpenditures.Another-9.9MSEKrelatestoexpensesarisingfromthegroup’sshare-basedincentiveschemes.StorytelBooksandNextoryreachedanagreementtodistributeStorytelBooks’titlesonNextory’splatformasof1February2024.Storytelextendedtheexistingrevolvingcreditfacility(RCF)until2April2025andreducedthefacilityto750MSEK,atotherwiseunchangedterms.StorytellaunchedapartnershipwithVodafoneZiggo,oneoftheleadingDutchtelecomcompanies,oﬀeringVodafone’s5.5+millionmobilesubscribersaccesstoStorytel’scatalog.OnMarch20,Storytel’schairmanHans-HolgerAlbrechtannouncedthathewillnotstandforre-electionforthecomingperiod.
SigniﬁcanteventsaftertheperiodOnApril24,StorytelannouncedtheimplementationofchangesinitsreportingofEBITDAandadjustedEBITDA.Moreinformationaboutthesechangesandrestatedﬁnancialscanbefoundat:https://www.storytelgroup.com/en/notiﬁcation-of-changes-in-ebitda-reporting-and-corresponding-guidance-for-2024/
OnApril29,StorytelannouncedthatJohannesLarcherwillstepdownasCEOinthefallof2024.
OnApril30,StorytelGroupNominationCommitteepresentedaproposalforBoardofDirectorsandnewChairoftheboard.
Formoreinformationandafulllistofannouncementspleaseseewww.storytelgroup.com/en/newsroom/
Full-year2024guidanceStorytel’sfull-year2024guidancehasbeenupdatedasfollows:
● Organicgrouprevenueofaround10percent
● Above13percentEBITDAmargin(adjustedforitemsaﬀectingcomparability)
● Anoperationalcashﬂow(adjustedEBITDAlessoperationalcapex)above8percentofrevenues
Mid-termﬁnancialtargetsDuringJanuary2024,theBoardofDirectorsinStoryteldecidedonthefollowingmid-termﬁnancialtargets:
Revenue● Totalnetsalestoreacharound4,500MSEKin2026throughorganicgrowth
● Organicaverageannualstreamingrevenuegrowthof10to12percent
EBITDAmargin● EBITDAmarginabove15percentin2026,withalong-termambitionof20percentorhigher
OperationalCashFlow● OperationalCashFlowabove10percentin2026
8

===== SIDA 9 =====

GroupFinancialStatements
CondensedConsolidatedInterimStatementsofComprehensiveIncome
TSEK Q12024 Q12023
Q1-Q42023Net sales 891,886 796,293 3,489,220Cost of sales -513,415 -480,792 -2,241,895Grossproﬁt 378,470 315,501 1,247,326Salesandmarketingexpenses -221,617 -205,725 -845,177Technologyanddevelopment expenses -84,628 -69,465 -303,017General andadministrativeexpenses -94,401 -97,144 -869,234Other operatingitems 4,104 5,335 13,147Result fromparticipationsinassociates -5,553 3,450 14,608Operatingproﬁt/loss -23,624 -48,048 -742,348Net ﬁnancial items 8,722 -16,223 -65,122Proﬁt/lossbeforetaxes -14,902 -64,271 -807,470Tax -8,301 2,530 -6,053Proﬁt/lossfor theperiod -23,203 -61,741 -813,523
Proﬁt for theperiodattributableto:Parent Companyshareholder -24,821 -62,789 -819,186Non-controllinginterest 1,618 1,048 5,663
Earningsper share, SEKGrouptotal, basic -0.32 -0.81 -10.63Grouptotal, diluted -0.32 -0.81 -10.63
Statement of comprehensiveincome
Proﬁt/lossfor theperiod, after tax -23,203 -61,741 -813,523Other comprehensiveincomeItemsthat will bereclassiﬁedtoproﬁt/loss(after tax)Translationdiﬀerence 40,178 -9,034 -42,667Itemsthat will not bereclassiﬁedtoproﬁt/loss(after tax)Revaluationof deﬁned-beneﬁt pensionplans
-7,169 -3,483 -8,744Adjustment of hyperinﬂationaryeconomies
- - 506Total other comprehensiveincomefortheperiod, after tax
33,009 -12,517 -50,906
Total comprehensiveincomefor theperiod, after tax
9,806 -74,258 -864,429
Total comprehensiveincomefor theperiodattributableto:Parent Companyshareholder 8,188 -75,306 -870,092Non-controllinginterest 1,618 1,048 5,663
9

===== SIDA 10 =====

CondensedConsolidatedInterimStatementsofFinancialPosition
TSEK 31Mar 2024 31Mar 2023 31Dec2023Intangibleassets 1,938,595 2,583,751 1,902,303Tangibleassets 16,533 26,981 17,818Right-of-useassets 70,025 115,459 84,119Non-current ﬁnancial assets 66,004 70,237* 76,376Inventory 59,205 103,443 59,808Current receivables 502,074 562,218* 564,085Cashandcashequivalents 351,793 540,432 436,143Total assets 3,004,229 4,002,521* 3,140,651
Equity 1,287,429 2,061,151* 1,273,182Non-current liabilities 826,271 991,883 173,966Current liabilities 890,530 949,487 1,693,502Total equityandliabilities 3,004,229 4,002,521* 3,140,651*Restatedamount, seeNote1
CondensedConsolidatedInterimStatementofChangesinEquity
*Restatedamount, seeNote1
10
2024-03-31TSEK Equityattributabletoshareholdersinparent company
Sharecapital
Other capitalcontributi-ons
Translationdiﬀerence
Retainedearnings
Total
Non-controllinginterests
TotalequityOpeningequityasof 1/1/2024
38,554 3,578,102 114,445 -2,523,263 1,207,838 65,345 1,273,182
Proﬁt for theyear
- - - -24,821 -24,821 1,618 -23,206
Other total comprehensiveincomefor theyear
- - 40,178 -7,169 33,009 - 33,009
Total comprehensiveincomefor theyear
- - 40,178 -31,990 8,188 1,618 9,806
TransactionswiththeGroup'sownersShare-relatedcompensations
- - - 4,440 4,440 - 4,440
Closingequityasat 03/31/2024
38,554 3,578,102 154,623 -2,550,183 1,220,466 66,963 1,287,429
2023-03-31TSEK Equityattributabletoshareholdersinparent company
Sharecapital
Other capitalcontributi-ons
Translationdiﬀerence
Retainedearnings
Total
Non-controllinginterests
TotalequityOpeningequityasof 1/1/2023
38,537 3,578,102 157,112 -1,712,040* 2,061,711* 70,074 2,131,785*
Proﬁt for theyear
- - -62,789 -62,789 1,048 -61,741
Other total comprehensiveincomefor theyear
-9,034 -3,483 -12,517 -12,517
Total comprehensiveincomefor theyear
- - -9,034 -66,272 -75,306 1,048 -74,258
TransactionswiththeGroup'sownersIssueexpenses
- - - -1,074 -1,074 - -1,074
Share-relatedcompensations
- - - 4,698 4,698 - 4,698
Closingequityasat 03/31/2023
38,537 3,578,102 148,078 -1,774,688 1,990,029 71,122 2,061,151

===== SIDA 11 =====

CondensedConsolidatedInterimStatementsofCashFlows
TSEK Q12024 Q12023
Q1-Q42023Proﬁt/lossafter ﬁnancial items -14,902 -64,271 -807,470Whereof interest paid -12,193 -14,438 -55,627Adjustmentsfor non-cashitems 46,657 84,245 941,327Taxespaid -3,803 -2,207 -31,914Cashﬂowfromoperationsbeforechangesinworkingcapital
27,951 17,767 101,942
Changeininventory 926 -1,131 27,656Changeinoperatingreceivables 59,356 54,600 60,138Changeinoperatingliabilities -87,265 -49,563 58,734Changeinworkingcapital -26,983 3,905 146,528Cashﬂowfromoperatingactivities 968 21,672 248,470
Cashﬂowfrominvestingactivities -38,385 -47,809 -193,299Cashﬂowfromﬁnancingactivities -59,262 -212,281 -383,698Cashﬂowfor theperiod -96,678 -238,418 -338,527
Availablefundsat thebeginningof period 436,143 776,341 776,341Cashﬂowfor theperiod -96,678 -238,418 -338,527Translationdiﬀerencesinavailablefunds 12,328 2,509 -1,671Availablefundsat endof period 351,793 540,432 436,143
11

===== SIDA 12 =====

NotestotheCondensedConsolidatedInterimFinancialStatements
Note1AccountingandValuationPrinciples
Thisinterimreport includestheSwedishParentCompanyStorytelAB(publ),CIN556575-2960,anditssubsidiaries.Storytelisoneoftheworld'slargeststreamingservicesforaudiobooksande-booksandoﬀersmorethan1,400,000titlesglobally. Ourvisionistomaketheworldamoreempatheticandcreativeplacethroughfantasticstoriesthatcanbesharedandappreciatedbyanyone,anywhereandatanytime.TheStreamingoperationswithinStorytelGrouptakeplaceunderthebrandsStorytel,MoﬁboandAudiobooks.com.ThepublishingbusinessismanagedbyStorytelBooksandtheaudiobookpublisherStoryside.StorytelGroupispresentinover25markets.TheParentCompanyisalimitedliabilitycompanywithitsregisteredoﬃceinStockholm,Sweden.TheaddressoftheheadoﬃceisTryckerigatan4,11128Stockholm,Sweden.
StorytelappliestheInternationalFinancialReportingStandards(IFRS)astheyhavebeenadoptedbytheEU. Thisconsolidatedinterimreport waspreparedinaccordancewithIAS34InterimFinancialReporting,recommendationRFR1issuedbytheSwedishFinancialReportingBoard,andtheAnnualAccountsAct(1995:1554),whereapplicable.
Theinterimreport fortheParentCompanywaspreparedinaccordancewithChapter9oftheAnnualAccountsAct(InterimReport)andrecommendationRFR2issuedbytheSwedishFinancialReportingBoard.Thesameaccountingprinciples,basesforcalculationandassessmentswereappliedtotheGroupandtheParentCompanyasinthemostrecentannualreport.AdetaileddescriptionoftheGroup’sotherappliedaccountingprinciplesandnewandpendingstandardsisincludedinthemostrecentlypublishedannualreport.
TherearenonewIFRSstandardsoramendmentsofexistingIFRSstandardsduring2023and2024thathavehadamaterialimpactontheperformanceandﬁnancialpositionofStorytel.DisclosurespursuanttoIAS34.16Aarealsopresentedintheﬁnancialstatementsaswellasrelatednotes,andareanintegralpart ofthisﬁnancialstatement.
Duringtheyear2023,theinterpretationandthepreviouslyappliedaccountingofStorytel'sagreementswithcertainpublishershavebeenreviewed.Thisreviewhasinducedachange,meaningthatanyrelatedcostwillnolongerberecognizedbasedonthelengthofStorytel'scustomercontractsbutinsteadwillbereportedintheperiodthecostisincurred.ThechangedoesnotaﬀectStorytel'searningsorcashﬂowsovertime.Comparativeﬁgureshavebeenrecalculatedasshowninthetablesbelow.
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===== SIDA 13 =====

Profit/lossstatement
TSEK
Reported2022
Adjustment
Adjusted2022Net sales 3,200,382 - 3,200,382Cost of sales -1,987,237 - -1,987,237Grossproﬁt -1,213,145 - -1,213,145Operatingexpenses -1,602,164 -11,484 -1,613,648Operatingproﬁt/loss -389,019 -11,484 -400,503Net ﬁnancial items 5,347 - 5,347Proﬁt/lossbeforetaxes -383,672 -11,484 -395,156Tax 3,402 - 3,402Proﬁt/lossfor theperiod -380,270 -11,484 -391,754
Condensedconsolidatedstatement of ﬁnancial position
TSEK
31Dec2021reported
Adjustment
31Dec2021adjusted
31Dec2022reported
Adjustment
31Dec2022adjustedIntangibleassets 1,063,145 1,063,145 2,622,416 2,622,416Tangibleassets 27,675 27,675 25,985 25,985Right-of-useassets 131,421 131,421 115,360 115,360Non-current ﬁnancialassets
46,114 -4,886 41,228 87,690 82,804
Inventory 65,663 65,663 102,107 102,107Current receivables 768,820 -44,795 724,025 658,581 -11,484 602,302Cashandcashequivalents
905,882 905,882 776,341 776,341
Total assets 3,008,720 -49,681 2,959,039 4,388,480 -11,484 4,327,314
Equity 1,910,603 -49,681 1,860,922 2,192,950 -11,484 2,131,785Non-current liabilities 246,642 246,642 831,307 831,307Current liabilities 841,475 841,475 1,364,223 1,364,223Total equityandliabilities
3,008,720 -49,681 2,959,039 4,388,480 -11,484 4,327,314
AllamountsinthisstatementarestatedinthousandsofSwedishkrona(TSEK)unlessotherwisespeciﬁed.Diﬀerencesinroundingmayoccur.
Note2Signiﬁcantestimatesandjudgements
Whenpreparingtheﬁnancialstatements,thecompany’smanagementandtheBoardmustmakecertainassessmentsandassumptionsthataﬀectthecarryingamountsofassetandliabilityitemsandincomeandexpenseitems,respectively,aswellasotherinformationprovided.TheassessmentsarebasedonexperiencesandassumptionsthatthemanagementandtheBoarddeemtobereasonablegiventheprevailingcircumstances.Actualoutcomemaythendiﬀerfromtheseassessmentsifotherconditionsarise.Theestimatesandassumptionsareevaluatedonanongoingbasisandarenotconsideredtoentailanymaterialriskofsigniﬁcantadjustmentsinthereportedvaluesofassetsandliabilitiesduringsubsequentperiods.Changesinestimatesarereportedintheperiodinwhichthechangeismadeifthechangehasonlyaﬀectedthisperiod,orintheperiodinwhichthechangeismadeandfutureperiodsifthechangeaﬀectsboththecurrentperiodandfutureperiods.Forothersigniﬁcantestimatesandjudgements,pleaserefertothemostrecentannualreport.
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===== SIDA 14 =====

Note3Deﬁnitionsandkeyratiosincludingalternativeperformancemeasures
Storytelreportsanumberofdiﬀerentitemsandﬁnancialkeyratiosinitsconsolidatedﬁnancialstatements.ThekeyratiosaimtomakeiteasierforinvestorsandotherstakeholderstoanalyzeandunderstandStorytel'soperationsanddevelopmentinthesamewaythatthebusinessanditsdevelopmentaremonitoredbymanagement.Ofthesemeasures,somearedeﬁnedinIFRS,whileothersaredeﬁnedinneithertheﬁnancialframeworknorotherlegislation.ForkeyratiosthatarenotdeﬁnedinIFRS,thisreport presentstheirpurposeandhowtheyrelatetotheﬁnancialstatementspresentedinaccordancewithIFRS.Fordeﬁnitionsofﬁnancialmeasuresandkeyratiosused,pleaseseefurtherbelow.
Note4Transactionswithrelatedparties
Ingeneral,therewerenosigniﬁcantchangesinthescopeortypeoftransactionswithrelatedpartiestotheGroupotherthanthosepresentedinthemostrecentAnnualReport.Transactionswithassociatedcompaniestakeplaceonmarketterms.
Note5Businesssegments
TheGrouphasdivideditsoperationsintothreesegments:StreamingNordics,StreamingNon-Nordics(whichincludesAudiobooks.com)andBooks.Thedivisionisbasedpartlyonthetypeofbusinessconducted(StreamingversusBooks)andthegeographicaldivisionforthestreamingbusiness(NordicsversusNon-Nordics).
ThecostslistedunderGrossproﬁtarenotallocatedtosegmentsbutarereportedfortheGroupasawhole.InternalrevenuefortheBookssegmentthatrelatestosalesfromstreamingisalreadyincludedasacostreductioninthesegmentreportingfortheStreamingsegments.RevenueandCostofsalesfromStorytelASareincludedintheStreamingNordicssegment.Thesearesubsequentlyeliminatedinthecolumn“Group-wideitemsandeliminations”, andthelicensefeefromStorytelASisalsoaddedback.
Jan-Mar 2024
StreamingNordics
StreamingNon-Nordics
Books
Totalsegment
Group-wideitemsandeliminations
Otheradjustments
GrouptotalRevenuefromexternal customers
559,172 277,687 131,079 967,937 -97,893 21,842 891,886
Internal revenue - - 58,660 58,660 -58,660 - -Cost of sales -309,769 -144,306 -115,549 -569,624 61,546 -5,338 -513,415Grossproﬁt 249,402 133,381 74,190 456,973 -95,007 16,504 378,470Adj. grossproﬁt 252,479 134,152 76,923 463,554 -95,007 16,504 385,051
Jan-Mar 2023
StreamingNordics
StreamingNon-Nordics
Books
Totalsegment
Group-wideitemsandeliminations
Otheradjustments
GrouptotalRevenuefromexternal customers
496,630 245,451 130,083 872,163 -90,555 14,685 796,293
Internal revenue - - 48,062 48,062 -48,062 - -Cost of sales -295,638 -129,375 -109,672 -534,685 58,305 -4,411 -480,792Grossproﬁt 200,992 116,075 68,472 385,540 -80,312 10,273 315,501Adj. grossproﬁt 200,992 116,075 68,472 385,540 -80,312 10,273 315,501
14

===== SIDA 15 =====

Grouptotal Jan-Mar 2024 Jan-Mar 2023Grossproﬁt 378,470 315,501Sellingandmarketingexpenses
-221,617 -205,725
Technologyanddevelopment expenses -84,628 -69,465Administrativeexpenses -94,401 -97,144Other operatingitems 4,104 5,335Proﬁt fromparticipationsinassociates -5,553 3,450Operatingproﬁt/loss -23,624 -48,048Addbackdepreciation/amortizationandimpairment
74,539 81,987
EBITDA 50,914 33,939AddbackIAC 53,286 5,029AdjustedEBITDA 104,200 38,969
Note6Revenuefromcontractswithcustomers
Jan-Mar 2024 Books Streaming Other Grouptotal
Typeof product or serviceRevenuefromsubscriptionsof streamingservice - 738,965 - 738,965Revenuefrompublishingactivities 131,079 - - 131,079Other - - 21,842 21,842Revenuefromcontractswithcustomers 131,079 738,965 21,842 891,886
Jan-Mar 2023 Books Streaming Other Grouptotal
Typeof product or serviceRevenuefromsubscriptionsof streamingservice - 651,526 - 651,526Revenuefrompublishingactivities 130,083 - - 130,083Other - - 14,685 14,685Revenuefromcontractswithcustomers 130,083 651,526 14,685 796,293
15

===== SIDA 16 =====

Note7Financialinstruments
Valuationhierarchy
Thelevelsofthevaluationhierarchyaredescribedasfollows:
Level1–Listedprices(unadjusted)inactivemarketsforidenticalassetsandliabilities.
Level2–ObservableinputdatafortheassetorliabilityotherthanquotedpricesincludedinLevel1,eitherdirectly(i.e.,pricequotations)orindirectly(i.e.,derivedfrompricequotations).
Level3–Assetorliabilityinputdatathatisnotbasedonobservablemarketdata(i.e.,non-observableinputdata).
Acquisitionoption
Storytel'sacquisitionoption(put/calloption)referstothefutureacquisitionoftheremaining6,7%sharesinEarselectAB,whichwillresultinanadditionaltransferredconsiderationof4,046TSEK,aftertheconsiderationpaidinthequarter, seenote8.Theacquisitionoptionisreportedatfairvalueinthestatementofﬁnancialposition,measuredinaccordancewithIFRS9andcategorizedinaccordancewithLevel3oftheIFRS13fairvaluehierarchy. Sincethepriceoftheoptionisnotdependentonanyconditionsbeyondthetimeaspect,andsincethediscountingeﬀectattributabletothetimevalueisinsigniﬁcant,nodiscountinghastakenplace,andthecarryingamountisconsideredtocorrespondtothefairvalueoftheacquisitionoption.
ThecontingentconsiderationrelatedtotheacquisitionofAula&Co.isreportedatfairvalueinaccordancewithLevel3ofthevaluationhierarchy. Thecarryingamountisconsideredtocorrespondtothefairvalueoftheacquisitionoption.
Financial liabilitiesvaluedat fair value Q12024 Q1-Q42023
Openingbalance 8,634 13,124Considerationpaid -4,067 -4,530Changeinvaluerecognizedinproﬁt/loss - 40Closingbalance 4,567 8,634
Otherreceivablesandliabilities
Forcurrentreceivablesandliabilities,suchasaccountsreceivableandtradepayables,andfornon-currentliabilitieswithvariableinterestrates,thecarryingamountisconsideredtobeagoodapproximationofthefairvalue.
Note8Businesscombinations
Aconsiderationof4,067TSEKforStorytel’sacquisitionoptioninEarselectwaspaidduringtheperiod.Storytelobtainedafurther6.6%ownershipandownedattheendoftheperiod93.3%ofEarselect.
16

===== SIDA 17 =====

CondensedParentCompanyInterimStatementsofComprehensiveIncome
TSEK Q12024 Q12023 Q1-Q42023Net sales 11,500 8,820 46,142Grossproﬁt 11,500 8,820 46,142
Administrativeexpenses -14,918 -8,000 -41,973Other operatingitems -15 18Operatingproﬁt -3,434 820 4,187
Net ﬁnancial items -6,292 -5,999 -19,276Proﬁt/lossbeforetaxes -9,726 -5,179 -15,089
Tax - - -Proﬁt/lossfor period -9,726 -5,179 -15,089
Parent Company´scondensedstatement of comprehensiveincomeProﬁt for theperiod -9,726 -5,179 -15,089
Total comprehensiveincomefortheperiod
-9,726 -5,179 -15,089
CondensedParentCompanyInterimStatementsofFinancialPosition
TSEK 31Mar 2024 31Mar 2023 31Dec2023Non-current ﬁnancial assets 4,916,244 4,848,935 4,916,244Current receivables 153,812 211,143 102,977Cashandcashequivalents  31,665 197,432 40,992Total assets 5,101,721 5,257,510 5,060,213
Equity  4,186,693 4,203,990 4,195,738Non-current liabilities 650,000 748,416 -Current liabilities 265,028 305,104 864,476Total equityandliabilities 5,101,721 5,257,510 5,060,213
17

===== SIDA 18 =====

NumberofsharesandsharecapitalasofMarch31,2024
Therewere77,108,125(77,073,120)registeredsharesinissuanceattheendoftheperiod,dividedbetween635ClassAsharesand77,107,490ClassBshares.Sharecapitaltotaled38,554,063(38,536,560)SEKasofMarch31,2024.Theshareholderstructureispresentedathttps://www.storytelgroup.com/en/investor-relations/shareholder-structure/.
Auditor'sreview
Thisinterimreport hasnotbeenauditedorreviewedbytheauditorsofthecompany.
InformationaboutNasdaqFirstNorthGrowthMarket
NasdaqFirstNorthGrowthMarket(“FirstNorth”)isanalternativemarketplaceoperatedbytheconstituentexchangesofNasdaqStockholm.Itdoesnothavethesamelegalstatusasaregulatedmarketplace.CompaniesquotedonFirstNortharesubjecttoFirstNorth’srulesratherthanthelegalrequirementssetfortradingonaregulatedmarketplace.AninvestmentinacompanytradingonFirstNorthimplieshigherriskthananinvestmentinalistedcompany.CompaniesmustapplytotheexchangeandgainapprovalbeforetradingonFirstNorthmaycommence.ACertiﬁedAdviserguidesthecompanythroughthelistingprocessandensuresthatthecompanycontinuouslysatisﬁesFirstNorth’sstandards.InformationaboutNasdaqFirstNorthGrowthMarket.
Financialcalendar
AnnualGeneralMeeting May14,2024
InterimReport January–June2024 July30,2024
InterimReport January–September2024 October29,2024
Year-EndReport January–December2024 February12,2025
18

===== SIDA 19 =====

Deﬁnitionsandkeyratiosincludingalternativeperformancemeasures
Net sales
Operatingmainincome, invoicedcosts, incidental revenueandrevenueadjustments.
Net salesgrowthrate, % Net salesfor thecurrent year dividedbythepreviousyear’snet sales.
Net salesgrowthrate, %, CER
Net salesfor thecurrent year dividedbythepreviousyear’snet saleswherethecurrent year’snet salesarecalculatedat theexchangeratesprevailinginthepreviousyear.Grossproﬁt Proﬁt after cost of sales.Grossproﬁt % Operatingproﬁt asapercentageof net sales.Grossmargin Operatingproﬁt asapercentageof net sales.
Operatingproﬁt (EBIT) Proﬁt beforeinterest andtax.
Operatingmargin(EBITmargin) Operatingproﬁt asapercentageof net sales.
Proﬁt/lossbeforetaxes Proﬁt after ﬁnancial incomeandexpenses, beforetax.Proﬁt margin(%) Proﬁt after taxasapercentageof net sales.
Equity-to-assetsratio(%)
Adjustedequity(equityanduntaxedreserveslessdeferredtax, includingnon-controllinginterests) asapercentageof thebalancesheet total.
Equity
Thenet assetsof thebusiness, i.e., thediﬀerencebetweenassetsandliabilities,includingnon-controllinginterests.
Balancesheet total Thecompany’stotal assets.FTE Full-TimeEquivalents.
Number of employees Averagenumber of employeesduringtheﬁnancial year.ARPU AverageRevenuePer User (subscriber) per month.
Averagepayingsubscribers
Theaveragenumber of payingStorytel subscribersduringthequarter. ForFamilysubscriptions, eachstandardstream(not so-calledKidsMode) isconsideredonepayingsubscriber.CER Constant ExchangeRates.EBITDA Earningsbeforeinterest, taxes, depreciationandamortization.EBITDAmargin EBITDAaspercentageof Net Sales.
Equity-to-asset ratio
Adjustedequity(equityincludingnon-controllinginterest anduntaxedreserveslessdeferredtax) asapercentageof thebalancesheet total.Revenue–Streaming(Table1) ARPUtimesPayingSubscribers.
Revenue–Books(Table1)
Physical booksanddigital salesfromall publishinghousesinthegroup, throughchannelsother thanStorytel. Internal revenuefromStorytel hasbeeneliminated.
Itemsaﬀectingcomparability(IAC)
Itemsaﬀectingcomparabilityincludeitemsof asigniﬁcant character that distortcomparisonsover time, suchascostsinconnectionwithacquisitions,divestments, andmarket exits; restructuringcosts; signiﬁcant impairmentsandwrite-downs; aswell asall expenses, or reversalsof expenses, arisingfromthegroup’sshare-basedincentiveschemes.Adjustedgrossproﬁt, expenses,EBITDA, andoperatingproﬁt
Adjustedkeyﬁgures- grossproﬁt, expenses, EBITDA, andoperatingproﬁt -reﬂect theunderlyingkeyﬁgurewhenexcludingitemsaﬀectingcomparability.
Operational CashFlow
AdjustedEBITDAlessoperational Capex, whichconsist of product &techinvestmentsandinvestmentsintoaudiobookproductions.
19

===== SIDA 20 =====

ThisconstitutesinsideinformationthatStorytelAB(publ)isobligedtodiscloseinaccordancewiththeEUMarketAbuseRegulation(EUnr596/2014).Theinformationwasprovided,throughtheagencyofthebelowcontactpersons,at8:00a.m.CESTonMay7,2024.
SignaturesandAssurance
TheBoardofDirectorsandtheChiefExecutiveOﬃceroﬀertheirassurancethatthisinterimreport providesatrueandfairviewoftheGroup’sandtheParentCompany’soperations,ﬁnancialpositionandoperationalperformance.
Stockholm,May7,2024
Hans-HolgerAlbrecht JonasTellanderChairoftheBoard ViceChairoftheBoard
AdineGrate LinaBrouneusBoardmember Boardmember
LutzFinger JonasSjögrenBoardmember Boardmember
AlexanderLindholm JoakimRubinBoardmember Boardmember
JohannesLarcherCEO
20

===== SIDA 21 =====

Contacts
StorytelAB(publiclytraded)
Mailingaddress:Box24167,10451StockholmOﬃce:Tryckerigatan4,11128StockholmCIN:556575-2960Email:investorrelations@storytel.comWebsites:www.storytelgroup.com,www.storytel.com
Forfurtherinformation,pleasecontact:
MattiasFrithiof,HeadofInvestorRelationsCell:+46765352674Email:mattias.frithiof@storytel.com
21