Investors

LINK Mobility Group Holding ASA: Financial report third quarter 2020

Oslo, 11/17/2020

LINK Mobility Group (LINK) reports strong revenue growth and solid profitability despite the COVID-19 pandemic. The diversity in customer use cases, geographies, and product portfolio have shown resilience through the pandemic resulting in continued growth in volumes, revenues, and profitability. Revenue growth is driven by a strong momentum in net retention rate of 117 percent in the enterprise segment. In several markets the pandemic has accelerated adoption of LINK's services and products as new customer needs and use cases have emerged. LINK is well positioned to capitalize on future growth opportunities with the scalable CPaaS infrastructure and its rich product offering.

On November 16, 2020, LINK announced signing and closing of the acquisition of the Austrian CPaaS companies SMS.AT and ATMS operating under the websms brand. websms holds an MNO license in Austria, and is considered the local market leader, with more than 5.000 enterprise clients. websms also has significant business in Germany and Switzerland.

LINK achieved an operating revenue of NOK 828 million in the third quarter or 19 percent growth compared with corresponding period last year.

The reported growth in adjusted EBITDA was 14 percent or NOK 11 million, whereof NOK 2 million was related to acquisitions compared to corresponding period last year. The adjusted EBITDA margin at 11 percent was in line with the corresponding period last year. Forty three percent of the gross profit floated through to adjusted EBITDA driven by the scalable business model

LINK Mobility Group Holding ASA applied for listing of its shares on the Oslo Stock Exchange on 13 October 2020. The listing has an impact on cash and cash equivalents, equity, and interest-bearing debt after the balance sheet date. See note 6 the quarterly report for more information.

"We are happy to report a very strong growth quarter in Q3 2020. We have added 2.000 new customer accounts during the quarter, taking the total number of LINK customer accounts to 35,000. In addition, we are getting a lot of requests to increase the number of messaging channels to deliver messages on mobile. This quarter definitely illustrates the growing and underlined demand for LINK´s product and services and the growth of the CPaaS market," says Guillaume Van Gaver, CEO of LINK.

The quarterly results will be presented at 10:00 a.m. on Tuesday 17th of November by CEO Guillaume Van Gaver and CFO Thomas Berge. The presentation will also be directly broadcasted through a webcast. The presentation and subsequent Q&A session will be held in English and can viewed at the following link

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20201117_4

For further information, please contact:

Guillaume Van Gaver, CEO
guillaume.vangaver@linkmobility.com
+33 632 259 125

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