Oslo, Norway, 7 November 2023 at 04:35 CET. Reference is made to the
announcement by LINK earlier today regarding the divestment of Message
Broadcast. Upon signing the definitive agreement, Message Broadcast is to be
reported as a discontinued business from Q3 23. As deconsolidation involves
restating historic periods, LINK will delay full Q3 23 reporting by 3 weeks.

LINK is the number one player in Europe for enterprise digital messaging. The
European business is transparent with stable organic gross profit growth,
supported by a strong contract backlog. High recurring cash generation is
ensured by executed cost reductions and a large and diverse customer base with
very low churn. As market leader in Europe, LINK is an attractive partner for
MNO's, new OTT players, CRM providers and ISVs, driving growth and margin
expansion. LINK sees significant potential from emerging multi-channel and
two-way messaging solutions. The divestment of Message Broadcast, at a highly
attractive valuation, enables fast-tracking accretive M&A in-line with LINK's
proven track record for inorganic growth. LINK's global ambitions remain
unchanged and the US market a priority.

In Q3 23, LINK Europe reported revenue growth of 30% to NOK 1,597 million with a
strong FX tailwind and high activity in Global Messaging. Organic revenue growth
in fixed currency was 17%. Gross profit grew 17% to NOK 317 million, with
organic growth in fixed currency at 6% YoY. The gross profit growth in the
European enterprise segments remained stable at 7% YoY in line with the previous
quarter. Adjusted EBITDA increased 26% to NOK 147 million with organic growth in
fixed currency of 16%. 

"We are pleased to deliver stable organic gross profit growth as expected in
Europe. Our commercial refocus drives new business from both existing and new
customers and we see considerable potential from increased adoption of higher
value solutions. Accretive target multiples support substantial inorganic growth
from M&A", says Thomas Berge, CEO of LINK.

 
For further information, please contact 

Thomas Berge, CEO 
+47 41 31 90 28 
thomas.berge@linkmobility.com

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 more than 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 considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. The stock exchange
announcement was published by Tom Rogn, VP Investor Relations, LINK Mobility
Group Holding ASA, at the date and time as set out above.