Q3 2024 Link Mobility Group Holding ASA Earnings Call Transcript
Key Points
- LINK Mobility Group Holding ASA (LMGHF) reported strong organic gross profit growth of 9% in fixed currency, aligning with expectations.
- The company achieved a significant adjusted EBITDA growth of 10% in fixed currency, showcasing the benefits of its scalable business model.
- LINK Mobility Group Holding ASA (LMGHF) successfully executed a refinancing of its existing bond, issuing a new 5-year bond with favorable interest terms.
- The company closed three acquisitions in 2024, expanding its market presence in Portugal, Spain, and the UK, with expectations of further market share growth.
- LINK Mobility Group Holding ASA (LMGHF) has a robust M&A pipeline with 12 prioritized targets, indicating potential for future growth and expansion.
- The company experienced a decline in global messaging revenue by NOK87 million due to the termination of low-margin aggregator clients.
- Western Europe reported lower growth momentum due to a client bankruptcy and disputed operator price increases in Italy.
- The enterprise segment's churn rate increased to 2.5%, impacted by the bankruptcy of a large client in Western Europe.
- LINK Mobility Group Holding ASA (LMGHF) faced elevated M&A costs, including a NOK11 million write-off related to a past acquisition.
- The company anticipates potential challenges in refinancing the remaining portion of its 2025 bond, despite a strong credit market.
¸ -
Good morning and welcome to the third quarter, 2024 financial results presentation for Link Mobility.
My name is Morten Løken, CFO and Head of Investor Relations, and this morning, I am joined by Thomas Berge, CEO, and together we will present the results. After the presentation, there will be a Q&A session. Please post questions online during the presentation.
Thomas, the word is yours.
Thank you, Morten. The third quarter of 2024 is another strong quarterly growth rates in accordance with the company's communicated expectations, gross profit growth in the high single digits and adjusted the growth higher than gross profit growth due to Links, scalable business model.
Yes, Link is the leading and largest EMass player in Europe. We started out more than 20 years ago in the Nordics and have been part of building the messaging market in the Nordics to one of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
