LONDON, Feb. 28, 2022 /PRNewswire/ -- CentralNic Group
PLC (AIM: CNIC), the online marketplace for online presence and
customer acquisition tools, is pleased to announce its
unaudited preliminary results for the financial year 2021,
demonstrating record revenue growth and profitability, with organic
growth at 39% for the year.
Both revenue and Adjusted EBITDA have increased year-on-year to
record levels, driven by a combination of acquisitions and strong
organic growth. Total revenue (including acquisitions) increased by
71% to USD 410.5 million, from
USD 240 million in 2020. CentralNic
Group's Net revenue (gross profit) increased by 58% to USD 118.5 million, while Adjusted EBITDA
increased by 57% to USD 46.3
million.
More than 99% of CentralNic Group's total revenue was generated
by recurring-revenue products. This, combined with an exceptionally
strong start into the year augurs well for the Company's
performance in 2022.
The record organic growth in 2021 demonstrates CentralNic
Group's success in capitalising on the investments that it has
undertaken during the pandemic to thrive as the world comes out of
lockdown.
The audited annual report and accounts for 2021 will be
published in early April 2022.
Ben Crawford, CEO of
CentralNic, commented: "CentralNic has enjoyed a very
strong 2021 across both our online presence subscription products
and our privacy-safe online marketing technologies – achieving
record organic growth of 39% for the year. Significant investment
in human resources, restructuring and market-leading products has
contributed to the Group meeting market expectations.
These robust results reflect CentralNic's continued success
in sourcing, completing and integrating transformative acquisitions
and driving the organic growth of the business. The pipeline
of future acquisition targets remains strong and we are confident
in continuing our trajectory towards joining the ranks of the
global leaders in our industry."
About CentralNic
CentralNic (AIM: CNIC) is a global tech company listed on the
London Stock Exchange, 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
For further information please contact CentralNic Group at
media@centralnic.com
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