LINK Mobility (LINK) reports revenue of NOK 1,440 million, growing 23% in the
first quarter of 2023 with strong FX tailwind. Organic revenue growth in fixed
currency was 12%. Gross profit and adjusted EBITDA were reported at NOK 398
million and NOK 181 million, with organic growth in fixed currency of 13% and
16% respectively. The US business performed better than planned, whilst Europe
as expected saw moderate underlying growth with high same period last year
comparables and softness in the retail markets in Q1 23. Cost initiatives were
executed according to plan. Strong free cash flow generation in the quarter of
NOK 118 million. LINK reiterates its forward-looking statement for 2023 for an
organic adjusted EBITDA growth of 12-15% in fixed currency.

LINK experienced strong momentum in the US with a high contract backlog for
messaging solutions and a broader geographical exposure to critical events
messaging across the continent. Critical events messaging amounted to USD 1.4
million in Q1 23 related to winter storms. Messaging solutions gained traction
from a catch-up effect related to a delayed build-up of contract backlog last
year.
 
LINK's commercial focus resulted in a strong contract backlog growth in Europe
driven by the preferred customer channel. SMS remains the channel of choice
globally with more than 5 billion active users. The forecasted annual gross
profit contribution from new contract wins, not including the US, increased by
45% YoY in Q1 23. A2P SMS grew by 55%, as traditional products were the
solutions of choice in an uncertain macroeconomic landscape. 

"We are pleased to report a strong first quarter with momentum in the US and
solid contract backlog growth in Europe. Whilst FX effects supported reported
figures in the quarter, underlying growth is on track for the year", says Thomas
Berge, CEO of LINK. 


The quarterly results will be presented in an audio webcast at 10:00 CET today
by Thomas Berge, CEO and Morten Edvardsen, 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/20230510_7/

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 2195 6342
SE: +46 8 1241 0952
DK: +45 7876 8490
UK: +44 203 769 6819
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 51,000 active customer accounts globally and
exchanges 17 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