TIDMCNIC
RNS Number : 5111B
CentralNic Group PLC
14 February 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU ) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
14 February 2022
CentralNic Group plc
("CentralNic" or the "Company" or the "Group")
Current Trading Update
Acquisition Announcement
Retail Investor Presentations
CentralNic Group plc (AIM: CNIC), the global internet platform
company that derives recurring revenue from the sales of online
presence and marketing services, is pleased to announce an update
on the positive trading momentum experienced in the early part of
2022 alongside details of the completion of two strategic
acquisitions. Additionally, details of three publicly accessible
investor presentations are set out below as part of CentralNic's
ongoing commitment to engagement with retail investors.
Current Trading Update
The Company is pleased to announce that the strong growth
experienced during 2021 has continued into 2022. The year on year
revenue growth experienced during Q1 to date, which has been driven
largely by the performance of the Online Marketing segment, is
materially ahead of the revenue growth rates implied by analyst
consensus expectations for the full year to 31 December 2022. Given
the early stage of the current financial year the Directors have
yet to fully ascertain the expected impact on full year
performance, which should however be at least at or above the high
end of market expectations*. Further commentary on the outlook for
2022 will be included within the Company's 2021 results
announcement, scheduled for 28 February 2022 .
Strategic Acquisitions
CentralNic has entered into agreements to acquire Fireball
Search GmbH ("Fireball") as well as the .ruhr Top-Level Domain
(TLD) (".ruhr") for a total aggregate consideration of EUR 0.6m in
cash. The acquisitions are expected to complete immediately and on
or around 31 May 2022 respectively and will be financed from
available cash resources.
Founded in 1996, Fireball was once the leading search engine in
Germany, and the name retains high consumer awareness, despite
being acquired by and merged into Lycos Europe in the early 2000s.
In 2016, Fireball was re-established as an independent company,
with a completely overhauled version of the service, including a
strong focus on privacy, a core value of CentralNic. Search results
are powered by Bing. Fireball opens up new traffic sources for
CentralNic to monetise through its proprietary Online Marketing
tools, and it adds alternative monetisation channels for CentralNic
to generate revenues from internet traffic.
.ruhr is the domain address for the urban agglomeration centred
around the river Ruhr in Germany, consisting of c.50 cities,
including Dortmund and Essen, with roughly 5 million inhabitants.
There are currently c.10k domain names registered using the .ruhr
Top-Level Domain. .ruhr will be migrated from its existing service
providers and will be fully managed by CentralNic's internal
resources, joining another German regional TLD, .saarland.
Combined historical revenue and EBITDA for both acquisitions are
c.EUR 0.2m and c.EUR 0.1m respectively. The acquisitions are
expected to be immediately earnings accretive.
Ben Crawford, CEO of CentralNic, said "We are encouraged by the
organic growth that CentralNic is continuing to deliver so far in
2022, and, in particular, the strong performance of our online
marketing division. Our privacy-safe solutions are gaining
traction, while competing solutions that collect private user data,
and so require GDPR or IDFA consent, lose market share. Whilst it
is still very early in our financial year, we are extremely
encouraged by the continuation of the growth that we saw in 2021
and look forward to giving a further update on trading at the time
of our 2021 results release on 28 February 2022."
"Regarding our most recent acquisitions, owning and operating
Top-Level Domain ("TLD") registries has proven to be a very
successful vertical integration strategy for our company, which
already has all the resources required, including being the market
leader in the global distribution of new TLDs. At the same time,
the acquisition of Fireball increases the portfolio of
privacy-focused solutions for our rapidly expanding Online
Marketing customer base."
"Finally we are committed to engage with our increasing retail
following ever more frequently, hopefully also in person when the
global health situation permits."
Retail Investor Presentations
CentralNic Group plc is pleased to further announce that the
Company will be attending the following retail investor
presentation events in the coming four weeks:
- Investor Meet Company on Monday, 28 February 2022, at
4.30pm
https://www.investormeetcompany.com/centralnic-group-plc/register-investor
- Shares Investor Webinar on 1 March 2022 from 6pm to 8pm
https://register.gotowebinar.com/register/3548704985808493325
- Proactive One2One Virtual Forum on 10 March 2022 from 6pm to
8pm
https://www.proactiveinvestors.co.uk/register/event_details/387
* analyst expectations of revenue and adjusted EBITDA for the
financial year ending 31 Dec 2022 currently range from USD 410.0m
to USD 468.2m and USD 48.0m to USD 51.0m respectively.
The person responsible for this announcement is Ben Crawford,
CEO.
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)
Bob Huxford / Isabelle Smurfit/ +44 (0) 203 757 6880
Max Richardson centralnic@secnewgate.co.uk
------------------------------
About CentralNic Group plc
CentralNic (AIM: CNIC) is a London-based AIM-listed company
which drives the growth of the global digital economy by providing
businesses around the world with tools to build their online
presence and to win customers and earn revenues online. The Company
complements its organic growth with target acquisitions of
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 online
presence and online marketing services on a subscription or pay per
use basis. For more information please visit:
www.centralnicgroup.com
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