LINK Mobility (LINK) reports revenue of NOK 1,652 million, growing 40% in the
second quarter of 2023 with continued strong FX tailwind. Organic revenue growth
in fixed currency was 23%. Gross profit and adjusted EBITDA were reported at NOK
410 million and NOK 191 million respectively, with organic growth in fixed
currency of 15% and 32%. The US business continued its strong performance
despite no critical events messaging in the quarter. Europe improved with better
retail volumes YoY and opex reductions delivered as planned. Strong free cash
flow generation in the quarter of NOK 129 million supported leverage declining
further to 4.0x. LINK reiterates its forward-looking statement for 2023 for an
organic adjusted EBITDA growth of 12-15% in fixed currency.

LINK continued to experience strong momentum in the US with high growth in
messaging solutions from both new and existing clients. There were as expected
no critical events messaging in the second quarter, as it is a seasonal business
related to winter storms in Q1 and mainly droughts and hurricanes in H2.

In Europe, the enterprise segments experienced higher growth with improved
retail activity YoY and increased contribution from a higher contract backlog.
Execution on both commercial initiatives and cost reductions supported improved
profitability. The cost initiatives announced last year have now effectively
been completed with an annualized FCF effect of more than NOK 100 million. 

"We are happy to see continued growth momentum in the US and improved activity
in Europe from a higher contract backlog driven by commercial initiatives.
Combined with successful execution on cost initiatives, a strong free cash flow
reduced leverage further. Our first half performance provides increased
confidence in delivering on full year expectations", 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/20230816_1/

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 50 thousand customer accounts globally and
exchanges 18 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.