Annuncio • May 30
Nasdaq Approves Readly International's Delisting Application and Last Day of Trading to be 13 June 2025 As previously announced, Readly International AB (publ) ("Readly") has applied for delisting of the Readly share from Nasdaq First North Growth Market in the light of Tidnings AB Marieberg owning over 90% of the shares and votes in Readly. Nasdaq First North Growth Market has approved Readly's application for delisting and decided that the last day of trading will be 13 June 2025. Recent Insider Transactions • May 30
Key Executive recently sold kr252k worth of stock On the 27th of May, Johan Adalberth sold around 10k shares on-market at roughly kr26.50 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. New Risk • May 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Large one-off items impacting financial results. Annuncio • May 16
Readly International AB (publ) (OM:READ) completed the acquisition of Arcy AB from Tidnings AB Marieberg. Readly International AB (publ) (OM:READ) entered into a share purchase agreement to acquire Arcy AB from Tidnings AB Marieberg for approximately SEK 320 million on April 14, 2025. Pursuant to the agreement, Readly International AB shall acquire all 250 shares in Arcy. Payment for the shares in Arcy shall be made in the form of 22.3 million newly issued shares in the Company. Through the Transaction, Bonnier News share of the capital and votes in the Company will increase from 79.12% to 86.86%. Separately, Bonnier News has launched a public takeover offer to acquire the remaining shares in Readly for SEK 27.50 per share, stating that it will not raise the offer. The offer reflects expected synergies and efficiencies from integrating Readly into Bonnier News Group.
The transaction has been approved by Swedish Securities Council. The Transaction is subject to resolution at the annual general meeting of Readly on 14 May 2025. The acquisition of Arcy is expected to be completed in May 2025.
Björn Kristiansson and Karl Eklund of KANTER Advokatbyrå KB acted as legal advisor for Readly International AB.
Readly International AB (publ) (OM:READ) completed the acquisition of Arcy AB from Tidnings AB Marieberg on May 14, 2025. As on May 14, 2025, The annual general meeting resolved, in accordance with the board of directors' proposal, to approve the acquisition of all 250 shares in Arcy. Readly has today paid the initial fixed purchase price of SEK 339.32 million through the issuance of 22,294,688 new shares in the Company to Bonnier News and thereby the acquisition of Arcy has been completed. Annuncio • May 15
Readly International AB (Publ) Approves Dividend, Payable on May 21, 2025 Readly International AB (publ) at its AGM held on May 14, 2025, resolved on a dividend to shareholders of 1.00 SEK per share. The record date was set for 16 May 2025. The dividend is expected to be paid out, through the services of Euroclear Sweden AB, on 21 May 2025. Upcoming Dividend • May 08
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (1.4%). Annuncio • Apr 15
Tidnings AB Marieberg proposed to acquire remaining 20.88% stake in Readly International AB (publ) (OM:READ) for approximately SEK 220 million. Tidnings AB Marieberg proposed to acquire remaining 20.88% stake in Readly International AB (publ) (OM:READ) for approximately SEK 220 million on April 14, 2025. Tidnings AB Marieberg will acquire 7.9 million shares at a price of SEK 27.5 per share. In a separate transaction, Readly International AB (publ) (OM:READ) entered into a share purchase agreement to acquire Arcy AB from Tidnings AB Marieberg. The transaction will be financed by Bonnier News' own funds. The acceptance period for the Offer is expected to commence on or about April 28, 2025 and expire on or about June 2, 2025. The Offer is conditional upon the Offer being accepted to such extent that Bonnier News becomes the owner of shares representing more than 90% of the total number of outstanding shares in Readly. If Bonnier News, in connection with the Offer, acquires shares representing more than 90% of the total number of shares in Readly, Bonnier News intends to commence compulsory redemption proceedings under the Swedish Companies Act to acquire all remaining shares in Readly and to promote delisting of Readly's shares from Nasdaq First North Growth Market.
The transaction is subject to approval by regulatory board, approval of offer by target shareholders and minimum tender. The Board of Directors of Readly has appointed an independent bid committee consisting of the independent board members Carolina Brandtman and Malin Stråhle. The board of directors of Readly International AB unanimously approved the transaction and recommends the shareholders of Readly to accept the Offer. Swedish Securities Council has approved the transaction. The expected completion of the transaction is June 2, 2025.
Carnegie Investment Bank AB acted as financial advisor to Tidnings AB Marieberg and Bonnier News Group AB. Roschier Advokatbyrå Ab acted as legal advisor to Tidnings AB Marieberg and Bonnier News Group AB. Robert Viberg of Deloitte AB, Financial Advisory Arm acted as Fairness Opinion provider to Readly International AB. KANTER Advokatbyrå KB acted as legal advisor to the independent bid committee of Readly International AB. New Risk • Apr 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 26% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: kr2.65 (vs kr1.45 loss in FY 2023) Full year 2024 results: EPS: kr2.65 (up from kr1.45 loss in FY 2023). Revenue: kr722.1m (up 8.9% from FY 2023). Net income: kr100.5m (up kr155.4m from FY 2023). Profit margin: 14% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 16
Readly International AB (publ) to Report Fiscal Year 2024 Results on Mar 26, 2025 Readly International AB (publ) announced that they will report fiscal year 2024 results on Mar 26, 2025 Annuncio • Feb 15
Readly International AB (Publ) Proposes Dividend Readly International AB (publ) board of directors proposed a dividend of SEK 1.0 per share. Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: kr2.65 (vs kr1.45 loss in FY 2023) Full year 2024 results: EPS: kr2.65 (up from kr1.45 loss in FY 2023). Revenue: kr725.3m (up 9.4% from FY 2023). Net income: kr100.5m (up kr155.4m from FY 2023). Profit margin: 14% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 14
Readly International AB (publ), Annual General Meeting, May 14, 2025 Readly International AB (publ), Annual General Meeting, May 14, 2025. Annuncio • Nov 26
Readly International AB (publ) Approves an Extra Dividend, Payable on 2 December 2024 Readly International AB (publ) at its Extraordinary general meeting held on 25 November 2024 approved an extra dividend of SEK 1.75 will be made to the shareholders. The date of record will be 27 November 2024. The dividend is expected to be paid through Euroclear Sweden AB on 2 December 2024. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr17.55, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 36x in the Interactive Media and Services industry in Sweden. Total loss to shareholders of 38% over the past three years. Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: kr2.76 (vs kr0.12 loss in 3Q 2023) Third quarter 2024 results: EPS: kr2.76 (up from kr0.12 loss in 3Q 2023). Revenue: kr180.5m (up 6.5% from 3Q 2023). Net income: kr104.7m (up kr109.2m from 3Q 2023). Profit margin: 58% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2024 earnings released: kr0.52 loss per share (vs kr0.49 loss in 2Q 2023) Second quarter 2024 results: kr0.52 loss per share (further deteriorated from kr0.49 loss in 2Q 2023). Revenue: kr188.0m (up 14% from 2Q 2023). Net loss: kr19.8m (loss widened 7.4% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Annuncio • Jun 18
Cafeyn has signed an agreement to acquire 98.40% stake in Toutabo SA from Readly International AB (publ) (OM:READ) for €4.5 million. Cafeyn has signed an agreement to acquire 98.40% stake in Toutabo SA from Readly International AB (publ) (OM:READ) for €4.5 million on June 18, 2024. A cash consideration of €4.5 million valued at €4.5 per share will be paid by Cafeyn. As part of consideration, €4.5 million is paid towards common equity of Toutabo SA. Subscribers and publishers on Readly's platform (fr.readly.com) are not affected by the deal. The proceeds from the deal will strengthen Readly’s position to keep investing in its core markets. The transaction is considered to have limited impact on Readly’s earnings ahead. Reported Earnings • Mar 31
Full year 2023 earnings released: kr1.45 loss per share (vs kr3.16 loss in FY 2022) Full year 2023 results: kr1.45 loss per share (improved from kr3.16 loss in FY 2022). Revenue: kr663.1m (up 14% from FY 2022). Net loss: kr54.9m (loss narrowed 54% from FY 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 11
Full year 2023 earnings released: kr1.45 loss per share (vs kr3.16 loss in FY 2022) Full year 2023 results: kr1.45 loss per share (improved from kr3.16 loss in FY 2022). Revenue: kr677.0m (up 17% from FY 2022). Net loss: kr54.9m (loss narrowed 54% from FY 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Annuncio • Dec 11
Readly Launches AI-Powered Audio for Articles Readly International AB is launching audio functionality in the app to enhance the accessibility and convenience of consuming the 7600 titles on the platform. The first phase is released for British subscribers who are able to turn on an audio player for selected articles to listen to text through an AI-powered voice. Key features of Readly's audio functionality: The audio feature is integrated into a selection of articles, providing users with a play button option at the bottom of the mobile screen. Users can easily control playback, listening to AI voices, either female or male. The subscriber can continue to browse other content on Readly while listening. Audio is initially only available on the mobile app, both for iOS and Android users. Readly will provide publishers with aggregated user data such as, total listening time, most listened-to articles, user demographics etc. Reported Earnings • Nov 12
Third quarter 2023 earnings released: kr0.12 loss per share (vs kr0.50 loss in 3Q 2022) Third quarter 2023 results: kr0.12 loss per share (improved from kr0.50 loss in 3Q 2022). Revenue: kr173.9m (up 21% from 3Q 2022). Net loss: kr4.51m (loss narrowed 76% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 02
Director recently bought kr91k worth of stock On the 29th of June, Mikael Antonsson bought around 6k shares on-market at roughly kr14.42 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.5m. Insiders have collectively bought kr6.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 19
Director recently bought kr490k worth of stock On the 15th of June, Mikael Antonsson bought around 34k shares on-market at roughly kr14.33 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.5m. Insiders have collectively bought kr5.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 04
Director recently bought kr442k worth of stock On the 31st of May, Mikael Antonsson bought around 35k shares on-market at roughly kr12.71 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.5m. Insiders have collectively bought kr4.5m more in shares than they have sold in the last 12 months. Annuncio • May 31
Readly International AB (publ) Announces CEO Changes, Effective May 31, 2023 Readly International AB (publ) announced that in agreement with the company's board, Mats Brandt is leaving his role as CEO. The board has decided to appoint Philip Lindqvist as the new CEO as of May 31, 2023. Philip Lindqvist has extensive experience from leading positions in media, content and digital subscription services. Philip was previously head of the streaming service C More, and head of strategy and distribution at TV4, C More and Finnish MTV. He has a background from The Boston Consulting Group and works as an advisor and investor. Mats Brandt assumed the role of acting CEO of Readly in January 2022 and was appointed permanent CEO in May of the same year. Under his leadership, the company has shown good revenue growth, record high margins and is well on its way to profitability. Mats Brandt's last day as CEO is May 31, 2023 and will continue to be at the disposal of the Board during the notice period. Recent Insider Transactions • May 24
Director recently bought kr2.5m worth of stock On the 19th of May, Mikael Antonsson bought around 176k shares on-market at roughly kr14.40 per share. This transaction increased Mikael's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr4.1m more in shares than they have sold in the last 12 months. Annuncio • May 09
Readly International AB (Publ) Announces Changes in Nomination Committee Ahead of 2023 Annual General Meeting Following Bonnier News' (through Tidnings AB Marieberg) completion of its public offer to the shareholders for all shares in Readly, all previous members of the nomination committee have resigned from their duties in the nomination committee, and a new nomination committee has been appointed. The members of the nomination committee (except Jan Lund who has been appointed in his capacity of chairman of the board) have been appointed based on the ownership as of 31 March 2023. The Nomination Committee consists of the following members: Anders Eriksson, chairman of the nomination committee, Bonnier News (Tidnings AB Marieberg). Harry Klagsbrun, Harmar AB, Jan Lund, chairman of the board, The Nomination Committee's proposals will be presented in the notice for the Annual General Meeting 2023 and on the corporate website. Board Change • May 04
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Malin Strahle is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 26
First quarter 2023 earnings released: kr0.89 loss per share (vs kr1.19 loss in 1Q 2022) First quarter 2023 results: kr0.89 loss per share (improved from kr1.19 loss in 1Q 2022). Revenue: kr161.4m (up 15% from 1Q 2022). Net loss: kr33.8m (loss narrowed 25% from 1Q 2022). Recent Insider Transactions • Mar 26
Independent Chairman of the Board recently sold kr651k worth of stock On the 23rd of March, Patrick Svensk sold around 45k shares on-market at roughly kr14.40 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. Reported Earnings • Feb 17
Full year 2022 earnings released: kr3.16 loss per share (vs kr5.88 loss in FY 2021) Full year 2022 results: kr3.16 loss per share (improved from kr5.88 loss in FY 2021). Revenue: kr591.6m (up 28% from FY 2021). Net loss: kr119.9m (loss narrowed 45% from FY 2021). Annuncio • Nov 19
Readly International AB (publ), Annual General Meeting, May 10, 2023 Readly International AB (publ), Annual General Meeting, May 10, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Nathan Medlock is the most experienced director on the board, commencing their role in 2014. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: kr0.50 loss per share (vs kr1.41 loss in 3Q 2021) Third quarter 2022 results: kr0.50 loss per share (improved from kr1.41 loss in 3Q 2021). Revenue: kr147.1m (up 26% from 3Q 2021). Net loss: kr19.0m (loss narrowed 64% from 3Q 2021). Reported Earnings • Aug 12
Second quarter 2022 earnings released: kr0.71 loss per share (vs kr1.56 loss in 2Q 2021) Second quarter 2022 results: kr0.71 loss per share (up from kr1.56 loss in 2Q 2021). Revenue: kr144.1m (up 32% from 2Q 2021). Net loss: kr26.9m (loss narrowed 54% from 2Q 2021). Board Change • Jun 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Nathan Medlock is the most experienced director on the board, commencing their role in 2014. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
First quarter 2022 earnings released: kr1.19 loss per share (vs kr1.60 loss in 1Q 2021) First quarter 2022 results: kr1.19 loss per share (up from kr1.60 loss in 1Q 2021). Revenue: kr143.8m (up 43% from 1Q 2021). Net loss: kr45.1m (loss narrowed 24% from 1Q 2021). Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Nathan Medlock is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 05
Full year 2021 earnings released Full year 2021 results: kr5.88 loss per share. Revenue: kr460.7m (up 32% from FY 2020). Net loss: kr219.6m (flat on FY 2020). Recent Insider Transactions • Mar 12
Independent Chairman of the Board recently bought kr191k worth of stock On the 10th of March, Patrick Svensk bought around 23k shares on-market at roughly kr8.30 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr195k. This was Patrick's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 08
Independent Director recently bought kr195k worth of stock On the 7th of February, Viktor Fritzen bought around 15k shares on-market at roughly kr13.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr464k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr5.88 loss per share (up from kr6.48 loss in FY 2020). Revenue: kr466.3m (up 33% from FY 2020). Net loss: kr219.6m (loss widened 11% from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Nov 12
Third quarter 2021 earnings released: kr1.41 loss per share (vs kr1.56 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: kr118.9m (up 28% from 3Q 2020). Net loss: kr52.5m (loss widened 11% from 3Q 2020). Recent Insider Transactions • Oct 08
President & CEO recently bought kr113k worth of stock On the 6th of October, Maria Hedengren bought around 4k shares on-market at roughly kr28.16 per share. This was the largest purchase by an insider in the last 3 months. This was Maria's only on-market trade for the last 12 months. Reported Earnings • Aug 14
Second quarter 2021 earnings released: kr1.56 loss per share (vs kr2.41 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr110.8m (up 34% from 2Q 2020). Net loss: kr58.2m (loss narrowed 12% from 2Q 2020). Reported Earnings • Mar 27
Full year 2020 earnings released: kr6.48 loss per share (vs kr5.92 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: kr349.8m (up 33% from FY 2019). Net loss: kr197.4m (loss widened 35% from FY 2019). Reported Earnings • Feb 21
Full year 2020 earnings released: kr6.48 loss per share The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: kr349.8m (up 33% from FY 2019). Net loss: kr197.4m (loss widened 35% from FY 2019). Is New 90 Day High Low • Jan 20
New 90-day high: kr81.32 The company is up 49% from its price of kr54.70 on 22 October 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: kr62.94 The company is up 12% from its price of kr56.00 on 24 September 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Interactive Media and Services industry, which is up 16% over the same period. Annuncio • Nov 14
Readly International AB (publ) to Report Fiscal Year 2020 Results on Feb 18, 2021 Readly International AB (publ) announced that they will report fiscal year 2020 results at 7:30 AM, Central European Standard Time on Feb 18, 2021