LINK Mobility (LINK) reported gross profit and adjusted EBITDA at NOK 357
million and NOK 166 million respectively, with organic growth in fixed currency
at 9% and 10%. LINK continues to execute on the inorganic growth strategy by
closing the acquisition of Net Real Solutions in Spain and Reach Interactive in
the UK. Commercially third quarter was strong with a 16% growth in total closed
contract gross profit value and 51% for advanced CPaaS solutions contracts. LINK
delivered strong cash flow from operations of more than NOK 200 million in the
quarter and the solid financial position underlines the foundation for further
organic and inorganic growth. 

Revenue growth in the quarter was impacted by LINK terminating low margin
traffic in the Global Messaging segment. Enterprise revenue growth was 8% in
stable currency. The termination of low margin traffic and refocus to improved
profitability resulted in a 34% gross profit growth in Global Messaging and
contributed also to the total gross profit growth of 9%.  

Gross profit growth for the first nine months of the year was 11% while the
scalable business model have resulted in adjusted EBITDA growth of 15% in the
same period and in the high end of expectations.

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 software solutions and OTT channels like RCS and What's App. The recent
support confirmed in selected markets for RCS Business Messaging on Apple
handsets is expected to drive further demand for advanced messaging solutions
across the LINK footprint. 

The strong financial position enables LINK to continue its proven track record
of inorganic growth with more than 35 acquisitions completed in Europe during
the last decade. In the third quarter, LINK acquired the company Net Real
Solutions (NRS) in Spain, strengthening the market position in Spain as well as
gaining access to the Latam markets through its presence in Colombia and Mexico.
Late October, LINK closed the acquisition of Reach Data in the UK, further
scaling the UK business. The acquisitions are in line with LINKs disciplined M&A
strategy and was closed at EV/Cash EBITDA multiples in the historical range of
between 6-7x. The prioritized pipeline has been replenished with additional
targets and consists of 12 targets, whereof 4 are in due diligence stage and
total pipeline value of approx. EUR 40 million cash EBITDA.

"We are pleased to report another strong quarter with organic growth in line
with expectations with gross profit growth outpacing revenue growth. The market
continues to adopt and request new and innovative solutions for customer
engagement which will support future growth for LINK. Our M&A pipeline is
maturing, demonstrated by the three announced acquisitions so far in 2024. With
the solid financial position, LINK is well positioned for future growth", 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/20241105_4

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


For further information, please contact

Morten Løken 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 more than 19 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.