LONDON , April 25,
2022 /PRNewswire/ -- 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 the positive trading momentum previously announced
has continued and the Company's organic growth has further
accelerated during the first quarter of 2022.
Fifty-one per cent organic growth and
upgraded FY22 outlook
Trading Update
The Company expects to report revenue
of c.USD 156 million and Adjusted
EBITDA of c.USD 18 million for the
three months ending 31 March 2022,
implying year-on-year organic growth for the trailing twelve months
ending 31 March 2022 of c.51%. This
outperformance has been driven largely by the growth of the Online
Marketing Segment, driven by increased demand for our privacy-safe
online customer acquisition services.
Cash increased to USD 86.9m as at
31 March 2022 from USD 55.6m as at 31
December 2021, whilst Net Debt decreased to c.USD 65m as at 31 March
2022 from c.USD 75m as at
31 December 2021. Adjusted operating
cash conversion continued to be in excess of 100%.
Outlook
While the Directors are cognisant of the
current global macro-economic environment, they now have confidence
that the Group will materially exceed the most recent market
expectations for the year.
Ben Crawford, CEO of
CentralNic, said: "CentralNic has enjoyed a strong start to the
year with year-on-year organic growth now reaching a record 51%,
gaining market share in a growing market. At the same time, we have
continued to add scale and capability through the completion of 3
strategic acquisitions in the period, including VGL, our largest
acquisition to date, funded by an oversubscribed equity placing and
tap bond issue."
Investor Presentation
The Company will present at
MelloMonday at 6.30pm BST tonight.
Investors can sign up at:
https://www.tickettailor.com/events/melloeventslimited/674618
About CentralNic Group plc
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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SOURCE CentralNic Group