Storytel Ab Class B · OMXSTO:STORY_B
Storytel Ab Class B — Q1 2026 Earnings Presentation
15 slides from Storytel Ab Class B's earnings presentation, Apr 28, 2026
Slide 1: First Quarter 2026
First Quarter 2026 April 28, 2026
Slide 2: Bodil Eriksson Torp, CEO and Stefan Wård, CFO
Bodil Eriksson Torp Stefan Wård CEO CFO First quarter report 2026
Slide 3: Storytel Group entered 2026 with clear momentum
“Storytel Group entered 2026 with clear momentum, supported by robust subscriber growth, continued margin expansion, and strong cash flow generation.” First quarter report 2026
Slide 4: Q1 2026 Highlights
Q1 2026 Highlights Solid start to 2026 with margin expansion ○ Net sales growth of +7.9% in constant exchange rates (CER) ○ Adjusted EBITDA margin of 17.0% in Q1, up 2.9pp year-on-year ○ Net cash position of SEK 220m at the end of the period ○ Net profit of SEK 86m (19), EPS of SEK 1.06 (0.20) Strong
Slide 5: Group financial highlights Q1 2026
Group financial highlights Q1 2026 Comments Adjusted for IACs Q1 2026 compared with Q1 2025 Net sales up 3% (7.9% in CER) Gross Margin ● Group net sales +7.9% in CER ● Streaming net sales +7.4% CER ● Publishing external net sales +9.2% CER ● Gross margin of 45.2% (44.4%) MSEK ● Adjusted EBITDA +24%
Slide 6: LTM-development net sales and adjusted EBITDA margin
LTM-development net sales and adjusted EBITDA margin LTM adjusted EBITDA SEK 780m (625) MSEK +25% YoY First quarter report 2026
Slide 7: Publishing
Publishing Adjusted for IACs Comments Q1 2026 compared with Q1 2025 Publishing (MSEK) Q1-26 Q1-25 Change, % Net sales 288 283 2% ● Net sales +3.9% CER, to SEK 288m Cost of sales -197 -211 -7% Adjusted gross profit 91 73 25% ● External sales +9.2% CER to SEK 153m Adjusted operating ● Adjusted gross ma
Slide 8: New segment structure from Q1 2026
New segment structure from Q1 2026 Background Five reportable operating segments: four Streaming + one Publishing STREAMING BUSINESS AREA Effective from Q1 2026, the Group has reorganised its segment reporting structure. Streaming Net sales Adjusted EBITDA Adjusted EBITDA margin segments total SEK 8
Slide 9: Streaming performance Q1 2026
Streaming performance Q1 2026 Comments +8.1% growth in EoP subscribers YoY ARPU by region Q1 2026 compared with Q1 2025 EoP subscribers (thousands) ● EoP paying subscribers +205k, +8.1% YoY ○ Nordics +71k, +5.6% SEK ○ Europe +121k, +12.9% ○ Americas +15k, +6.3% ○ APAC -2k, -2.6% ● Nordics Q1 net int
Slide 10: Streaming
Streaming Adjusted for IACs Comments Q1 2026 compared with Q1 2025 Streaming (MSEK) Q1-26 Q1-25 Change, % Net sales 877 862 2% ● Streaming net sales +7.4% CER, to SEK 877m (862) Cost of sales -507 -493 3% Adjusted gross profit 370 369 0% ○ Nordics: +4.5% CER ○ Europe: +19.1% CER Operating profit 92 61
Slide 11: Continued strong cash flow generation
Continued strong cash flow Comments generation Q1 2026 compared with Q1 2025 MSEK Q1-26 Q1-25 2025 ● Cash flow from operations before working Profit before tax 91 21 357 capital SEK 135m (88), driven by improved operating result Cash flow from operating activities before change in working capital 135 8
Slide 12: Maintaining a strong net cash position
Maintaining a strong net cash Comments position Q1 2026 compared with Q1 2025 ● Net cash position of SEK 220m (net debt of SEK 116m) Net Debt (MSEK) Q1-26 Q1-25 Interest-bearing liabilities within Current liabilities - - Interest-bearing liabilities within Non-current liabilities 500 650 ● Leverage:
Slide 13: Improved financial position
Improved financial position Comments Q1 2026 compared with Q1 2025 MSEK Q1-26 Q1-25 2025 ● Cash & cash equivalents SEK 720m (534) Goodwill 797 809 783 Intangible assets 1,042 1,159 1,048 Property, plant and equipment 14 18 15 ● Financial assets increased by tax asset of 195m in Q4’25 Right-of-use as
Slide 14: Summary
Summary ● Solid start to 2026 with subscriber growth and margin expansion ● AI-augmented development driving faster innovation and deeper customer engagement and loyalty ● Strong financials allow for an active M&A agenda ● Reiterate 2026 EBITDA target of (at least) SEK 870m ● Well on track to deliver
Slide 15: ® storytel group
® storytel group