Storytel AB (publ) (STORY_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Storytel Q2 Report 2026. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the CFO, Stephan Ward. Please go ahead. Thank you and good morning and welcome to our earnings call for the second quarter of 2026. Regarding today's call, I will be hosting it on my own as Bodil had an accident at her home this morning and dislocated her shoulder. She's unable to attend and needs to have the shoulder looked at. Aside from that, she's doing fine and she'll be back soon as she's sorted out the problem with the shoulder. We're pleased to report a solid performance for the second quarter with strong revenue growth and continued margin expansion. On the back of this solid organic performance and the acquisition of over Amstel, we are raising our 2026 full-year guidance for adjusted EBITDA to be at least 900 million from earlier 870 million. During the quarter, we also completed our transfer to the Nasdaq stock of main market. Now, let me take you through the highlights. On top line in the quarter, we grew our net sales in constant currencies by 12.7%, of which 10.7% are organic growth. The adjusted EBTA margin came in at 19.2%, up from 16.8% a year ago, and equal to a total growth year-on-year in EBTA of 27%. Our net profit more than doubled to 100 million kronas from 47 million and our earnings per share came in at 1.18 up from 0.54 a year ago. We ended the quarter with a slight net debt of 14 million and a very modest gearing. In terms of subscribers, we grew our base by 7.2% year on year to a total of 2.75 million customers end of period. A highlight here is that this is the first quarter when our subscriber base outside the Nordics is actually bigg...