LINK Mobility Group Holding ASA

LINK

Equity

ISIN NO0010894231 / Valor 57312205

Oslo Stock Exchange (2024-12-23)

NOK 23.20+0.43%

LINK Mobility Group Holding ASA
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About company

LINK Mobility Group Holding ASA is a prominent player in the CPaaS industry, offering a wide range of communication solutions to businesses. The company's services enable organizations to engage with their customers through various channels, such as SMS, email, and voice messaging. With a strong focus on innovation and technology, LINK Mobility helps clients enhance their communication strategies and improve customer engagement. The company's upcoming Q4 23 Report Audio Webcast on Feb 15th, 2024, reflects its commitment to transparency and investor relations.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In the fourth quarter of 2023, LINK Mobility Group Holding ASA reported a significant increase in revenue, reaching NOK 1,796 million, which represents a 26% year-over-year growth. The organic growth in fixed currency was 14%, driven by strong performance in both the Global Messaging and European enterprise segments.

Profitability Enhancement

LINK Mobility Group Holding ASA achieved a gross profit of NOK 385 million in Q4 2023, marking a 24% increase compared to the previous year. The adjusted EBITDA also saw a substantial rise, reaching NOK 181 million, which is a 37% increase from Q4 2022. This growth in profitability reflects successful cost reduction initiatives and scalability of the business.

Strategic Divestment

The divestment of LINK Mobility Group Holding ASA's US subsidiary was completed on January 3, 2024, for an enterprise value of USD 260 million. This strategic move resulted in a robust cash reserve of NOK 3.4 billion, enhancing the company's capacity for further mergers and acquisitions and providing financial flexibility for future growth initiatives.

Market Position and Outlook

LINK Mobility Group Holding ASA continues to strengthen its market position with a low customer churn rate and a high contract backlog. The company is well-positioned for 2024, focusing on high-margin multichannel and two-way messaging solutions in Europe. The proceeds from recent divestments are expected to accelerate accretive M&A activities, supporting sustained EBITDA growth.

New Business Agreements

In the fourth quarter of 2023, LINK Mobility Group Holding ASA secured 745 new and expanding agreements, which included 557 direct customer contracts and 188 partner-related contracts. These agreements are set to significantly boost future revenue and underline the company's strong growth trajectory in the digital messaging market.

Summarized from source with an LLMView Source

Key figures

34.9%1Y

22.1%3Y

%5Y

Performance

36.7%1Y

60.1%3Y

58.0%5Y

Volatility