Storytel Group has received a one-off compensation of SEK 34.4 million from Copyswede
Storytel Group, through its Swedish publishing houses, has received a one-off total amount of SEK 34.4 million in compensation from Copyswede that relates to private copying levies in Sweden for historic periods.
The amount will be treated as an “Item Affecting Comparability” (IAC) in the financial statements of the fourth quarter 2024 and as such, will be excluded from the Group’s adjusted EBITDA. The amount will still increase the Group’s total profit for the period.
The Year-end report for 2024 will be published as scheduled on 12 February 2025 at 08:00 AM CET.