LINK Mobility (LINK) reports all-time high revenue of NOK 1,525 million,
increasing 18% in the fourth quarter of 2022. Organic revenue growth in fixed
currency was 12%. All-time high gross profit of NOK 400 million and all-time
high adjusted EBITDA of NOK 188 million, grew by 11% and 7% respectively. LINK
expects improved growth and profitability in 2023 with accelerated momentum for
new business wins during 2022 and previously announced cost reduction
initiatives partly offsetting underlying cost increases. Gross profit growth is
expected to be higher in 2023 than in 2022 and opex savings to increase
profitability further. LINK's new forward-looking statement for 2023 is for
organic adjusted EBITDA growth of 12-15% in fixed currency.

Opex reductions announced last summer have progressed ahead of target and are
expected to increase profitability by NOK 60 million in 2023 as compared to
2022. The annual run rate opex reduction in Q4 23 is now estimated at NOK 84
million compared to previous forecast at NOK 52 million. Capex reductions are
expected to increase free cash flow in 2023 by NOK 25 million as compared to
2022, with an annual Q4 23 run rate reduction estimated at NOK 32 million. 

LINK's contract backlog increased significantly in the second half of 2022 as
refocused commercial activities increased inflow of new business. The forecasted
annual gross profit contribution from new contract wins, not including the US,
increased by 63% in H2 22 YoY. LINK also gained traction in the US with a high
order backlog for messaging solutions and a broader exposure to critical events
messaging across many states. LINK recently signed two new large 3-year utility
contracts with committed revenue of USD 7.6 million, not including
unquantifiable critical events messaging revenue. There is large potential to
further scale revenue in the US.

Reported revenue increased 18% to NOK 1,525 million in the fourth quarter YoY,
with organic revenue growth at 12% in fixed currency. Driven by a significantly
improved contribution from the US with 91% revenue growth, Global Messaging
revenue growth of 64% and a rebound in European retail spend from unusually low
levels in the previous two quarters.

Gross profit grew 11% to NOK 400 million in Q4 22, with an organic gross profit
growth in fixed currency of 5%. The deviation between revenue and gross profit
growth reflected a higher contribution Global Messaging, a low margin aggregator
business, and the absence of high margin covid traffic observed in same period
the previous year. 

Adjusted EBITDA increased 7% to NOK 188 million in the fourth quarter, with an
adjusted EBITDA margin of 12.3% (13.6%). Ongoing opex initiatives will support
growth and margin in 2023. 

"We are happy to report all-time high figures in the fourth quarter of 2022 and
to observe a positive profit trend into 2023. The commercial refocus last year
has led to a significantly higher contract backlog and increased cost reductions
are delivered ahead of schedule", says Thomas Berge, Interim CEO of LINK. 


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

The audio webcast targets investors, analysts and media. Attendees will be able
to 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/20230216_19/

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

NO: +47 21956342
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 an award-winning, leading global provider 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 50,000 customer accounts globally and exchanges
more than 15 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 and follow LINK Mobility on LinkedIn.

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