LINK Mobility (LINK) reports revenue growth of 26% to NOK 1 055 million in the
second quarter of 2021. Organic revenue growth in local currency was 23%, above
the medium to long term growth target due the catch-up effects from reopening of
societies. LINK closed several acquisitions in the quarter, including Message
Broadcast in the U.S., resulting in pro forma LTM Q2 21 revenue and adjusted
EBITDA of NOK 4 362 million and NOK 622 million, respectively. LINK reiterates
its forward-looking statement which targets NOK 10 billion in pro forma revenue
by 2024 and increases the adjusted EBITDA margin range to 15-17% from 13-15%.

The acquisition of Soprano is progressing, and SPA is expected to be formally
signed shortly. Including Soprano, pro forma LTM Q2 21 figures would be NOK 5
045 million and NOK 804 million for revenue and adjusted EBITDA. 

LINK is experiencing accelerated demand for CPaaS solutions and saw its most
successful quarter ever on OTT traffic. LINK recently signed an additional
significant WhatsApp agreement for customer service dialogue with Deutsche Post.

Organic revenue growth in local currency was 23% year over year, positively
affected by the reopening of societies as enterprises are re-engaging activities
towards end-users, leading to a catch-up effect from the softer volume
development experienced both in Q1 21 and Q2 20. Gross profit grew 22% to NOK
268 million compared to the same quarter last year. The gross profit margin
declined slightly to 25% (26%), reflecting a higher portion of revenue from the
low margin aggregator segment and customer mix effects. Reported growth in
adjusted EBITDA was 22% to NOK 119 million. The adjusted EBITDA margin was
stable year over year at 11%. 

"We are delighted to see societies reopening, releasing pent-up demand and
helping LINK to grow above our 20% organic target. LINK has now been transformed
to a global CPaaS player, ideally positioned to expand further in high growth
markets. We reiterate our forward-looking statement and raise our margin
expectations", says Guillaume Van Gaver, CEO of LINK. 


The quarterly results will be presented in an audio webcast at 10:00 CET today
by Guillaume Van Gaver, CEO and Thomas Berge, CFO. 

The audio webcast targets investors, analysts and media. Attendees will be able
to both post and ask questions directly in a Q&A session following the webcast.


To join the audio webcast and post questions, please go to 
https://channel.royalcast.com/landingpage/hegnarmedia/20210817_4/

The webcast is also available from LINK's investor relations pages 
https://linkmobility.com/investor-relations/ 


To ask questions directly in the Q&A session, please dial in

PIN Code for all countries: 799682

DK: +45 7876 8490
SE: +46-4-0682-0620
UK: +44 203-7696819
US: +1 646-787-0157


For further information, please contact 

Tom Rogn, VP Investor Relations
+47 94 85 56 59
tom.rogn@linkmobility.com


About LINK Mobility 

LINK is one of Europe's leading providers of mobile messaging and communications
platform as a service (CPaaS) solutions for increased engagement. The company
serves enterprise, SME, and government customers. LINK offers a wide range of
innovative and scalable mobile solutions, creating valuable digital convergence
between businesses and customers, governments and citizens, platforms and users.
LINK has 44,000 customer accounts globally and exchanges more than 10 billion
messages a year. LINK is listed on the Oslo Stock Exchange under the ticker
LINK. For more information about LINK, please see www.linkmobility.com 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange