LINK Mobility (LINK) reported revenue of NOK 1,816 million, growing 17% in the
second quarter 2024 with a marginal negative currency impact. Gross profit and
adjusted EBITDA were reported at NOK 379 million and NOK 180 million
respectively, with organic growth in fixed currency at 12% and 16%.  In the
quarter LINK executed on the inorganic growth strategy by entering the
Portuguese market through the acquisition of EZ4U. The second quarter was strong
commercially and LINK closed an all-time high level of contracts with NOK 48
million whereof NOK 16 million in more advanced CPaaS solutions. Buy-back
programs for both own shares and own debt progressed as planned in the quarter
while the financial position remained strong and supporting further organic and
inorganic growth. 

In the first half of 2024, LINK has  delivered solid topline growth of 18%
through healthy volume growth from both existing and new clients. Topline growth
transitioned into gross profit growth for the first six months of 12% while the
highly scalable business model resulted in adjusted EBITDA growth of 17% in the
same period. Results are  in the high end of expectations supported by solid
performance in the enterprise segment.

The strong financial position enables LINK to continue its proven track record
of inorganic growth with more than 30 acquisitions completed in Europe during
the last decade. There is substantial scope for further accretive inorganic
EBITDA growth through multiple arbitrage transactions in a still highly
fragmented industry. Discussions across a diverse prioritized M&A pipeline are
progressing and are constructive. Smaller bolt-ons in existing markets continue
as a priority to realize further scale, whilst the pipeline also includes
several level-up opportunities in both Europe and beyond. 

LINK's recurring and growing business is driven by more than 50,000 loyal
customers continuing to increase their usage. The industry continues to observe
increased adoption rates for digital messaging and traction on higher margin
CPaaS solutions including OTT channels like RCS and What's App. The announced
support for RCS on Apple phones is expected to drive further demand for advanced
messaging solutions across the Link footprint. A highly scalable business model
drives higher organic adjusted EBITDA growth compared to organic gross profit
growth. 

"We are pleased to report another strong quarter and a first half at the high
end of expectations. The solid commercial results in the quarter is expressed
through an all-time high value of closed won contracts and supports future
growth. With our strong financial position, high contract backlog and a large
actionable acquisition pipeline, LINK is well positioned for strong growth going
forward", 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 & VP Investor Relations.

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


To join the audio webcast and post questions, please go to:
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20240814_1

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


For further information, please contact

Morten Edvardsen, CFO & VP Investor Relations
+47 90 56 15 89
ir@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 more than 50,000 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.