CentralNic Group PLC Audited Annual Report 2020 and Notice of Results (5111W)
26 Abril 2021 - 01:00AM
UK Regulatory
TIDMCNIC
RNS Number : 5111W
CentralNic Group PLC
26 April 2021
26 April 2021
CentralNic Group plc
("CentralNic" or "the Company" or "the Group")
Audited Annual Report 2020 and Notice of Q1 Trading Results
CentralNic Group plc (AIM: CNIC), the global internet platform
that derives revenue from the subscription sales of domain names
and web services, is pleased to announce that further to its
announcement on 1 March titled "UNAUDITED PRELIMINARY ACCOUNTS FOR
THE PERIOD ENDED 31 DECEMBER 2020", the Audited Annual Report for
the financial year 2020 is now available on the Company's website
at the following link:
https://investor.centralnicgroup.com/wp-content/uploads/2021/04/Annual-Report-2020.pdf
. The Annual Report and Accounts will shortly be posted to
shareholders.
All key figures have been confirmed, namely:
-- Revenue increased by 121% to USD 241.2m (FY2019: USD 109.2m)
-- Net revenue/Gross profit increased by 78% to USD 76.3m (FY2019: USD 42.8m)
-- Adjusted EBITDA* increased by 71% to USD 30.6m (FY2019: USD 17.9m)
-- Operating profit increased by USD 3.2m to USD 0.4m (FY2019: operating loss of USD (2.8m))
Minor adjustments arising from the audit process include:
-- Operating Cashflow has improved from $20.0m to $22.7m
-- Adjusted Cash Conversion has improved from 106% to 115%
-- Intangible assets (goodwill) have reduced from $260.6m to $257.0m
-- Trade and other payables and accruals have decreased from $90.8m to $87.3m
In line with the increasing importance of Environmental, Social,
and Governance (ESG) considerations in the Group's decision
processes, the Annual Report 2020 includes a more comprehensive
presentation of the manifold ESG initiatives reflecting the
significance that management assigns to it. These initiatives
include but are not limited to:
-- Streamlined Energy and Carbon Reporting (SECR). CentralNic
has offset its greenhouse gas (GHG) emissions by investing in
Verified Carbon Standard (VCS)-certified clean energy projects, as
well as undertaking a tree plantation programme.
-- The SK-NIC fund. SK-NIC, part of the CentralNic Group and
manager of the .SK TLD, committed itself via an agreement with the
Slovak Government to provide 5% of its annual revenue to support
the local digital economy and internet community.
-- Launch of DomainTrust(TM) in collaboration with the Global
Cyber Alliance (GCA), ISPs, banks and other organisations.
DomainTrust(TM) is a sophisticated intelligence platform that
provides registries, registrars and cyber protection agencies with
high-quality data on suspected malicious and criminal domains that
are being used in phishing attempts, malware distribution, and
botnet command and control (C&C) activities.
The Company further announces that it will publish its trading
results for the three months ended 31 March 2021 on Tuesday, 1 June
2021. The Directors are pleased to confirm that the Company has
been trading in line with management expectations during this
period.
There will be a webinar / conference call for equity and debt
analysts at 11:00am UK on the day of results, hosted by CEO Ben
Crawford and CFO Michael Riedl. Anybody wishing to register should
contact Tom Carnegie at centralnic@secnewgate.co.uk where further
details will be provided.
Ben Crawford, CEO of CentralNic, said "CentralNic's results for
2020 evidence the resilience of the Group's businesses, even in the
face of the COVID-19 economic crisis. As we scale up rapidly, the
underlying qualities of high recurring revenues and high cash
conversion, calculated at 115% on an adjusted basis in FY20, become
increasingly meaningful. The Board takes into account
environmental, social and governance (ESG) issues raised by
stakeholders in its decision-making process."
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)
John Goold / Rupert Woolfenden +44 (0) 161 831 1512
(Institutional 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
-----------------------------
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 allowing businesses globally to buy
subscriptions to domain names, used for their own websites and
email, as well as for protecting their brands 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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