Q4 Interim Report 2022
LINK Mobility (LINK) reports all-time high revenue of NOK 1,525 million, increasing 18% in the fourth quarter of 2022. Organic revenue growth in fixed currency was 12%. All-time high gross profit of NOK 400 million and all-time high adjusted EBITDA of NOK 188 million, grew by 11% and 7% respectively. LINK expects improved growth and profitability in 2023 with accelerated momentum for new business wins during 2022 and previously announced cost reduction initiatives partly offsetting underlying cost increases.
Gross profit growth is expected to be higher in 2023 than in 2022 and opex savings to increase profitability further. LINK's new forward-looking statement for 2023 is for organic adjusted EBITDA growth of 12-15% in fixed currency.
"We are happy to report all-time high figures in the fourth quarter of 2022 and to observe a positive profit trend into 2023. The commercial refocus last year has led to a significantly higher contract backlog and increased cost reductions are delivered ahead of schedule", says Thomas Berge, Interim CEO of LINK. The quarterly results will be presented in an audio webcast at 10:00 CET today by Thomas Berge, Interim CEO and Morten Edvardsen, Interim CFO.
To access the full LINK Mobility Q4 Report, click here.