LINK Mobility Group ASA: Financial report fourth quarter 2016
LINK Mobility Group ASA (LINK) confirms its strategy, and reports solid revenue growth in the fourth quarter of 2016 across all main markets. LINK has achieved an all-time high revenue and EBITDA, in terms of both growth and absolute numbers. The strong figures are the result of a combination of solid organic growth and successful acquisitions closed last quarter.
The strong revenue growth in the quarter, confirms the positive underlying trend of solid growth in the market for mobile messaging and mobile solutions delivered by LINK. New mobile solutions like Mobil Invoice have had a good response in the marketplace, indicating a solid growth potential going forward.
LINK achieved record operating revenues of NOK 256 million in the fourth quarter, up 115 per cent compared with corresponding period last year. The overall market conditions have been favorable in all markets, resulting in all-time high messaging volume of 741 million, and an organic growth in the Mobile Messaging segment of 40 per cent. The adjusted EBITDA was recorded at an all-time high of NOK 30 million in the fourth quarter, up NOK 16 million compared with the corresponding period last year.
In the full year 2016, LINK achieved record operating revenues of NOK 622 million and an adjusted EBITDA of NOK 67 million. Including the full year effect of companies acquired in 2016, LINK achieved a pro forma revenue of NOK 924 million and an adjusted EBITDA of NOK 110 million (12,0 per cent). LINK delivered 2.525 million messages in 2016 (pro forma figures).
In addition to delivering solid results for the quarter, LINK has after the closing of the quarter signed term sheets regarding the acquisition of the Spanish companies Global Messaging Solutions and Didimo Group, becoming the leading provider of mobile messaging and mobile solution in the Spanish market. LINK has now become one of Europe’s leading and fastest growing companies within the industry.
"Q4 was another strong quarter for LINK. We experienced strong growth accross all our markets and we were successful signing a high number of new and exciting customer cases, giving us a solid platform to continue our growth into 2017. We still witness strong demand from our customers and many of our customers are benefiting from a range of new services from LINK that will make a difference in 2017.” Says Arild Hustad, CEO of LINK.
Please see enclosed financial report for the fourth quarter 2016.
For further information, please contact:
IR Contact Executive Vice President Siw Ødegaard
LINK Mobility Group ASA
Mob: +47 95 75 98 48