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LINK Mobility Group Holding Third Quarter 2022 Results Exceed Expectations

LINK Mobility Group Holding (OB:LINK) Third Quarter 2022 Results

Main financial results

  • Revenue: 1.31 billion kr (up 18% compared to Q3 2021).
  • Net profit: 88.5 million kr (compared to a loss of 77.6 million kr in Q3 2021).
  • Profit margin: 6.7% (up from net loss in Q3 2021). The shift to profitability was driven by higher revenues.
  • EPS: 0.30 kr (compared to a loss of 0.27 kr in Q3 2021).
OB:LINK Earnings and Revenue Growth November 6, 2022

All figures shown in the table above are for the 12 month period (TTM)

LINK Mobility Group Holding revenue and profit beat expectations

Revenue beat analysts’ estimates by 8.6%. Earnings per share (EPS) also beat analysts’ estimates.

Going forward, revenue is expected to grow by an average of 12% per year over the next 3 years, compared to a growth forecast of 11% for the software industry in Norway.

Performance of the Norwegian software industry.

Shares of the company rose 2.0% from a week ago.

Risk analysis

It should be noted, however, that we found 2 warning signs for LINK Mobility Group Holding that you need to consider.

Valuation is complex, but we help make it simple.

Find out if LINK Holding Mobility Group is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

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