diff --git a/Changelog.md b/Changelog.md
index cab03261d..4a6862d3e 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -7,6 +7,12 @@ This project does _not_ adhere to
 [Semantic Versioning](https://semver.org/spec/v2.0.0.html) but contrary to it
 every new version is a new major version.
 
+## 196.0.0 - 2025-01-13
+
+### Changed
+
+-   `ExternalLink`: The `label` prop now defaults to the value of `href`.
+
 ## 195.0.0 - 2025-01-09
 
 ### Added
diff --git a/package.json b/package.json
index 26cc2bda3..1a24367d6 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@nordicsemiconductor/pc-nrfconnect-shared",
-    "version": "195.0.0",
+    "version": "196.0.0",
     "description": "Shared commodities for developing pc-nrfconnect-* packages",
     "repository": {
         "type": "git",
diff --git a/src/Link/ExternalLink.tsx b/src/Link/ExternalLink.tsx
index 9bd4b62c6..fd2a5ce59 100644
--- a/src/Link/ExternalLink.tsx
+++ b/src/Link/ExternalLink.tsx
@@ -8,7 +8,7 @@ import React from 'react';
 
 import classNames from '../utils/classNames';
 
-export default ({ label, href }: { label: string; href: string }) => (
+export default ({ href, label = href }: { href: string; label?: string }) => (
     <a
         target="_blank"
         rel="noreferrer noopener"