Brief: Link Mobility Acquires U.S. Based Message Broadcast, Llc Continuing

LINK Mobility Holding ASA

16/06/2021 18:42

June 16 (Reuters) - Link Mobility Group Holding ASA
 LINKM.OL :
    * LINK MOBILITY ACQUIRES U.S. BASED MESSAGE BROADCAST, LLC
CONTINUING
    * ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE MESSAGE
BROADCAST, LLC
    * LINK MOBILITY GROUP - ACQUISITION WILL ADD AN ESTIMATED
NOK 232
MILLION AND NOK 143 MILLION TO LTM PRO FORMA 1Q21 GROSS PROFIT
AND CASH EBITDA RESPECTIVELY
    * TRANSACTION VALUES MESSAGE BROADCAST AT AN ENTERPRISE
VALUE OF
USD 260 MILLION
    * LINK MOBILITY GROUP- ACQUISITION WILL BE IMMEDIATELY
ACCRETIVE,
INCREASING CO'S EBITDA MARGIN FOR 2020 ON A COMBINED BASIS BY
OVER +400 BASIS POINTS
    * LINK INTENDS TO INCREASE ITS ADJUSTED EBITDA MARGIN
FORWARD
LOOKING STATEMENT TO REACH 18-20% BY 2024.
    * CO REITERATES 2024 PRO FORMA GUIDANCE OF NOK 10 BILLION IN
REVENUE
    * LINK MOBILITY GROUP - AT COMPLETION OF TRANSACTION,
PURCHASE
PRICE WILL BE SETTLED 74% IN CASH AND 16.75 MILLION NEW LINK
SHARES
    * LINK MOBILITY- DEAL EXPECTED TO ADD ESTIMATED NOK 285
MILLION
(C.86% MARGIN) &NOK 200 MILLION (C.60% MARGIN) TO CO'S 2021
GROSS PROFIT AND CASH EBITDA

Source text for Eikon:  ID:nObi2FBf5a 
Further company coverage:  LINKM.OL 

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