#1 in Europe for enterprise digital messaging - Established player for more than 20 years
~ 650 employees in 30 offices across 18 countries
Revenue NOKm
18 billion messages sent annually by ~ 50,000 customers
Adjusted EBITDA NOKm
2
Interim Report Q2 2023
Q2 2023 highlights
Strong organic growth reduced leverage to 4.0x
Revenue reported at NOK 1 652 million. Organic growth in fixed currency 23%
US reported organic revenue growth of 79% in fixed currency
Continued traction on messaging services from high contract backlog on both new and existing clients
Enterprise segments in Europe reported organic revenue growth of 12% in fixed currency
Supported by higher contract backlog and improved retail volumes YoY
Gross profit reported at NOK 410 million. Organic growth in fixed currency 15%
US segment reported growth of 52% in fixed currency
Growth rate improved for enterprise segments in Europe to 7% in fixed currency
Adjusted EBITDA reported at NOK 191 million. Organic growth in fixed currency 32%
Solid improvement in gross profit
Opex reductions delivered ahead of plan
Group leverage continued lower to 4.0x from 4.3x in the previous quarter
High cash generation after capex and interest of NOK 129 million
LINK signed 715 new and expanding agreements in the second quarter
New signings increased 25% YoY supporting long-term growth momentum
3
Interim Report Q2 2023
Reported figures impacted by NOK depreciation
NOKm
Q2 2022
Organic growth
FX effect
Q2 2023
Revenue
1 177
268
207
1 652
Organic growth (%)
23%
Gross profit
317
46
47
410
Organic growth (%)
15%
Adjusted EBITDA
129
41
21
191
Organic growth (%)
32%
LINK to benefit from AI
Huge potential - Early days
LINK's Xenioo chatbot integrated with AI
IBM Watson been integrated for more than 2 years
More recent integration with ChatGPT still in concept phase
AI potentials for LINK medium term
Improved management of globally increasing fraud / spam activity
New AI tools to supplement current ML methods in detection and prevention
Better use of internal resources and optimization of MNO / OTT suppliers
AI supporting LINK's software development
Reduced COGS by improving current ML routing rules with AI
Full commercial adoption of AI still early
Control and data protection concerns
Uncertainty regarding regulatory framework
4
Interim Report Q2 2023
Strong gross profit growth
Strong gross profit growth of 15% in fixed currency
US reported growth of NOK 21 million or 52% organic in fixed currency
Continued momentum for messaging solutions
Driven by high contract backlog for both new and existing customers
No critical events messaging in Q2 23 as expected for seasonal business
Improvement in Europe NOK 18 million or 7% organic growth in fixed currency
Growth support from weak retail volumes in Europe in Q2 last year
Normalized comparables as covid effects out from figures
Contribution from higher contract backlog
Global Messaging growing at 38% organic in fixed currency
High activity on favorable routes
Scaling revenue and gross profit on new contracts
5
Interim Report Q2 2023
Organic gross profit development NOKm
Quarterly US revenue contribution USDm
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Link Mobility Group Holding ASA published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 04:20:04 UTC.
Link Mobility Group Holding ASA, formerly Victory Partners VIII Norway Holding AS is a Norway-based Communications Platform as a Service (CPaaS) provider. The Company develops and operates software for mobile telephone services to private and public businesses. Link Mobility Group Holding ASA is the Parent Company of LINK Mobility Group AS, that is a provider of services in mobile communication and a specialist in mobile messaging services, mobile solutions, and mobile intelligence. The Groupâs activities are divided into five reporting segments: Northern Europe, Western Europe, Central Europe, Northern America and Global Messaging. The Groupâs subsidiaries include MarketingPlatform Aps, Labyrintti International Oy, LINK Mobility Holding Aps as well as Link Mobility Development Hub EOOD.