TIDMCNIC

RNS Number : 5569Y

CentralNic Group PLC

17 January 2022

17 January 2022

CentralNic Group plc

("CentralNic" or "the Company", or "the Group")

Full Year 2021 Trading Update and Notice of Results

CentralNic Group plc (AIM: CNIC), the global internet platform company that derives recurring revenues selling online presence and marketing services, is pleased to announce that following its significant investment programme, the Company's organic growth has further accelerated during the fourth quarter of 2021, resulting in year-on-year organic revenue growth of 37% for the full year ended 31 December 2021.

The Company therefore expects to report revenue of around USD 410m and adjusted EBITDA of around USD 45m for the financial year ended 31 December 2021, c.5% ahead of consensus of USD 383m and USD 42.9m respectively. This represents an increase of c.70% and 47% respectively over the USD 241.2m and USD 30.6m results reported for the financial year 2020.

Cash increased to USD 55.6m from USD 28.7m as at 31 December 2020, whilst net debt decreased to USD 76m from USD 85m as at 31 December 2020, notwithstanding the deployment during the year of a total of c.USD 19m on four highly accretive acquisitions of Safebrands, Wando, a Publishing Network, and NameAction, as well as the final deferred consideration payment for Team Internet. Adjusted operating cash conversion continues to be well in excess of 100%. The Company also successfully completed a tap issue of EUR 15m (c.USD 18m) under its existing senior callable bonds in February 2021.

Ben Crawford, CEO of CentralNic, said: "CentralNic's growth has continued its acceleration during the last quarter of the year with year-on-year organic growth now reaching a record 37%. The Company has comfortably exceeded the high end of market expectations for the year, which had already been revised upwards repeatedly over the course of the year."

The Company will publish its unaudited preliminary report for the financial year ended 31 December 2021 on Monday, 28 February 2022.

There will be a webinar / conference call for equity analysts at 09:30am UK on the day of results, hosted by CEO Ben Crawford and CFO Michael Riedl. Anybody wishing to register should contact Isabelle Smurfit at centralnic@secnewgate.co.uk where further details will be provided. An Investor Meet Company session will be announced closer to the date.

-Ends-

For further information:

 
 CentralNic Group Plc 
  Ben Crawford, Chief Executive 
  Officer 
  Don Baladasan, Group Managing 
  Director 
  Michael Riedl, Chief Financial 
  Officer                                 +44 (0) 203 388 0600 
 Zeus Capital Limited (Nomad 
  and Joint Broker) 
  Nick Cowles / Jamie Peel (Corporate 
  Finance) 
  Rupert Woolfenden (Institutional         +44 (0) 161 831 1512 
  Sales)                                   +44 (0) 203 829 5000 
                                        ----------------------------- 
 Stifel (Joint Broker) 
  Fred Walsh / Alex Price / 
  Richard Short                                  +44 (0) 20 7710 7600 
                                        ----------------------------- 
 SEC Newgate (for Media)                 +44 (0) 203 757 6880 
  Bob Huxford / Tom Carnegie              centralnic@secnewgate.co.uk 
  / Isabelle Smurfit / Max Richardson 
                                        ----------------------------- 
 

About CentralNic Group plc

CentralNic (AIM: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allows businesses globally to buy subscriptions to domain names for websites and email, monetise their websites, and acquire customers online. Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms.

CentralNic operates globally with customers in almost every country in the world. It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis.

For more information please visit: www.centralnicgroup.com

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January 17, 2022 02:00 ET (07:00 GMT)

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