CentralNic Group PLC Q3 Trading Update and Notice of Results (3043P)
18 Octubre 2021 - 1:00AM
UK Regulatory
TIDMCNIC
RNS Number : 3043P
CentralNic Group PLC
18 October 2021
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.
18 October 2021
CentralNic Group plc
("CentralNic" or "the Company", or "the Group")
Q3 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 nine months to 30 September 2021,
resulting in organic growth of 29% against the same period in the
prior year.
The company therefore expects to report revenue of at least USD
280 million and adjusted EBITDA of at least USD 32 million for the
nine months ending 30 September 2021. This represents an increase
of at least 66% and 45% respectively over the USD 168.5m and USD
22.1m results reported for the same period last year.
Cash at 30 September 2021 increased to USD 54m from USD 28.7m as
at 31 December 2020. Net debt at 30 September 2021 decreased to USD
79m from USD 85m as at 31 December 2020, despite the deployment
during the period of a total of c.USD 13m on the acquisitions of
Safebrands and Wando and the final deferred consideration payment
for Team Internet. Adjusted operating cash conversion continues to
be in excess of 100%.
Ben Crawford, CEO of CentralNic, said: "CentralNic's growth
rally has further accelerated during the third quarter of the year
with year-to-date organic growth now reaching a record 29%. The
Company expects to trade comfortably at or above the upper end of
market expectations for the year * for both revenue and adjusted
EBITDA. We are particularly pleased that the accelerated growth is
now also starting to translate into higher profits."
The Company will publish its interim report for the nine months
ended 30 September 2021 on Monday, 22 November 2021 ("Interim
Results").
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.
CEO Ben Crawford and CFO Michael Riedl will also provide a live
investor presentation relating to Interim Results via the Investor
Meet Company platform at 10:30am UK on Thursday, 25 November 2021.
Investors can sign up to Investor Meet Company for free and add to
meet CENTRALNIC GROUP PLC via:
https://www.investormeetcompany.com/centralnic-group-plc/register-investor
.
*) analyst expectations of revenue and adjusted EBITDA for the
financial year ending 31 Dec 2021 currently range from USD 348.6m
to USD 355.3m and USD 41.1m to USD 42.0m respectively.
-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
-----------------------------
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 which allow 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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END
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