LINK Mobility (LINK) reports revenue growth of 26% toNOK 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 theU.S. , resulting in pro forma LTM Q2 21 revenue and adjusted EBITDA ofNOK 4 362 million andNOK 622 million , respectively. LINK reiterates its forward-looking statement which targetsNOK 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 beNOK 5 045 million andNOK 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 significantDeutsche 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% toNOK 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% toNOK 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", saysGuillaume Van Gaver , CEO of LINK. The quarterly results will be presented in an audio webcast at10:00 CET today byGuillaume Van Gaver , CEO andThomas 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: +46-4-0682-0620UK : +44 203-7696819 US: +1 646-787-0157 For further information, please contactTom Rogn , VP Investor Relations +47 94 85 56 59 tom.rogn@linkmobility.com AboutLINK Mobility LINK is one ofEurope'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 theOslo 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
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