Home / FINANCE / Markets Insider / LINK Mobility Group ASA: Financial Report Second Quarter 2017

LINK Mobility Group ASA: Financial Report Second Quarter 2017

STOCKHOLM, Aug 10, 2017 /PRNewswire/ — LINK Mobility Group ASA (LINK) confirms a strategy, and reports plain income enlargement in a second entertain of 2017. The clever total are a outcome of high organic enlargement and successful acquisitions. In serve to delivering plain formula for a quarter, LINK has sealed mixed tenure sheets that will serve strengthen a marketplace position in Norway and Spain by a acquisitions of Vianett and GMS, and entering a Polish and Bulgarian marketplace by a acquisitions of SMSAPI and Voicecom. LINK has turn one of Europe’s heading and fastest flourishing companies within a industry.

The clever organic income enlargement in a quarter, confirms a certain underlying trend of plain enlargement in a marketplace for mobile messaging and mobile solutions delivered by LINK. LINK achieved handling revenues of NOK 281 million in a second quarter, adult 126 per cent compared with analogous duration final year. The altogether marketplace conditions have been favorable, ensuing in a messaging volume of 864 million, and an organic enlargement in a Mobile Messaging shred of 35 per cent.

The practiced EBITDA for a second entertain is reported during NOK 30 million, an boost of NOK 13 million from same entertain final year.

The financial position is good, with a plain money position of NOK 464 million after a execution of a EUR 50 million bond in a initial quarter. The bond will yield LINK with compulsory coherence to pursue a enlargement plan as a bond trickery entirely supports a merger plan towards 2018.

“Q2 was another clever entertain for LINK, with clever enlargement opposite a markets. Great success in recruiting new customers, and signing of element new contracts pushing creation in LINK to new heights. We were also really successful in a merger work adding heading companies in markets such as Poland and Bulgaria to a footprint. We still see clever direct for a mobile messaging and solutions services, and similarly good seductiveness in a innovative new solutions such as JOYN and Mobile Invoice.  We demeanour brazen to stability a marketplace and patron expansion, and see a clever enlargement intensity for increasing invasion in a existent markets with a existent services. There is a outrageous series of business in a markets that will advantage strongly from regulating LINK´s mobile messaging and solutions services going forward,” says Arild Hustad, CEO of LINK.

A lunch display will be hold by CEO Arild Hustad and CFO Thomas Berge per a second entertain stating during 11:30 on Thursday 10th of Aug in a bureau of Beringer Finance, Grundingen 2, Aker Brygge Oslo. Please register assemblage during rel=”nofollow”sales@beringerfinance.com

For serve information, greatfully contact:

Arild Hustad

Thomas Berge,

LMG ASA financial news Q2 2017 v10

This information was brought to we by Cision http://news.cision.com


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