Storytel authorizes a 300 million krona share buyback program
The board will execute repurchases on Nasdaq Stockholm from late August through December to fund executive equity incentives, utilizing up to 2.4 million shares.
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Audiobook and e-book streaming and publishing group
storytelgroup.comLast updated
In short: Storytel reported record profitability, launched a 300 million krona share buyback, and listed on the Nasdaq Stockholm Main Market.
The board will execute repurchases on Nasdaq Stockholm from late August through December to fund executive equity incentives, utilizing up to 2.4 million shares.
Åsa Barsness joins the executive team from SVT on November 1, succeeding Malin Lindborn and Åsa Wilson.
Net sales grew 12.7% CER, adjusted EBITDA margin expanded to 19.2%, and full-year guidance raised to SEK 900m.
The listing follows approval by Nasdaq Stockholm's Listing Committee and marks a new chapter for the company.
Audiobook company Storytel has decided to buy back B-shares for up to 300 million kronor. This is stated in a press release.
What is the stock ticker for Storytel AB? The stock ticker for Storytel AB is "STORYb". On which exchange is Storytel AB traded? Storytel AB is listed on...
09:14 DNB Carnegie raises Storytel's price target to SEK 106 (100), maintains 'hold' recommendation FW 08:44 SB1 Markets raises the target...
Storytel AB (STRYF) reports robust financial performance with significant revenue and profit increases, driven by strategic acquisitions and subscriber growth.
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