Continued stable growth and improved results

Readly International AB (publ) presents a good third quarter with continued stable growth and improved results. The number of full-paying subscribers (FPS) increased 28.2 per cent to 435,372 (339,557) and revenue 27.3 per cent to SEK 118.9 million (93.4). Gross profit increased 27.2 per cent to SEK 39.8 million (31.3), corresponding to a gross margin of 33.5 per cent, and for the second consecutive quarter, the EBITDA-margin, operating margin, and gross contribution margin all improved.

1 July - 30 September 2021

• Revenue for the period totalled SEK 118.9 million (93.4), an increase of 27.3 per cent compared with the third quarter 2020.
• The number of full-paying subscribers (FPS) increased 28.2 per cent to 435,372 (339,557) at the end of September.
• Gross profit increased 27.2 per cent to SEK 39.8 million (31.3), corresponding to a gross margin of 33.5 per cent (33.5).
• The gross contribution margin for the period was -9.6 per cent (-15.8).
• Operating result was SEK -48.0 million (-51.2), corresponding to an operating margin of -40.4 per cent (-54.8).
• Earnings per share were SEK -1.4 (-1.6) before and after dilution.

1 January - 30 September 2021

• Revenue totalled SEK 331.6 million (254.0), an increase of 30.5 per cent compared with the year-earlier period.
• The number of full-paying subscribers (FPS) increased 28.2 per cent to 435,372 (339,557) at the end of September.
• Gross profit increased 33.0 per cent to SEK 111.0 million (83.5), corresponding to a gross margin of 33.5 per cent (32.9).
• The gross contribution margin for the period was -11.9 per cent (-13.4).
• Operating result was SEK -159.2 million (-148.4), corresponding to an operating margin of -48.0 per cent (-58.4).
• Earnings per share were SEK -4.6 (-5.3) before and after dilution.

Highlights After the End of the Quarter

• Completed the acquisition of Toutabo SA, establishing a leading position in Europe’s largest magazine market.

Q3 presentation today at 9:00 CET

Readly published its interim report for the third quarter 2021 today on 11 November at 07:30 CET.

The report will be presented in an audio cast and tele conference at 09.00 CET today.

Maria Hedengren, CEO and Johan Adalberth, CFO, will present the report and answer questions.

The presentation will be held in English.

To listen to the conference by phone, please call:

SE: +46850558368
UK: +443333009030
US: +18335268395
DE: +496913803430 PIN: 56301770#

Follow the presentation live on:
Link to audiocast

Report and presentation will be available for download on: 
https://corporate.readly.com/investors/financial-reports-and-presentations/

For more information, please contact:
Rasmus Blomqvist, Head of Investor Relations
+46 70 233 53 67, rasmus.blomqvist@readly.com

This information is inside information that Readly International AB (publ) is obligated to make public pursuant to the EU Market Abuse Act. The information was submitted for publication, through the agency of the contact person set out above, at 07.30 CET on 11 November 2021.

About Readly
Readly is the European category leader for digital magazines. The company offers a digital subscription service, that lets customers have unlimited access to 7,500 national and international magazines - all in one app and at a fixed monthly fee. Readly has subscribers in 50 countries and content available in 17 different languages. In collaboration with around 1,200 publishers worldwide, Readly is digitizing the magazine industry. In 2020, revenues amounted to SEK 353 million. Since September 2020, the Readly share is listed on Nasdaq Stockholm Midcap. For more information, please visit https//corporate.readly.com.