CentralNic Group PLC Trading Update and Notice of Results (5569Y)
17 Enero 2022 - 01:00AM
UK Regulatory
TIDMCNIC
RNS Number : 5569Y
CentralNic Group PLC
17 January 2022
17 January 2022
CentralNic Group plc
("CentralNic" or "the Company", or "the Group")
Full Year 2021 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 fourth quarter of 2021, resulting in
year-on-year organic revenue growth of 37% for the full year ended
31 December 2021.
The Company therefore expects to report revenue of around USD
410m and adjusted EBITDA of around USD 45m for the financial year
ended 31 December 2021, c.5% ahead of consensus of USD 383m and USD
42.9m respectively. This represents an increase of c.70% and 47%
respectively over the USD 241.2m and USD 30.6m results reported for
the financial year 2020.
Cash increased to USD 55.6m from USD 28.7m as at 31 December
2020, whilst net debt decreased to USD 76m from USD 85m as at 31
December 2020, notwithstanding the deployment during the year of a
total of c.USD 19m on four highly accretive acquisitions of
Safebrands, Wando, a Publishing Network, and NameAction, as well as
the final deferred consideration payment for Team Internet.
Adjusted operating cash conversion continues to be well in excess
of 100%. The Company also successfully completed a tap issue of EUR
15m (c.USD 18m) under its existing senior callable bonds in
February 2021.
Ben Crawford, CEO of CentralNic, said: "CentralNic's growth has
continued its acceleration during the last quarter of the year with
year-on-year organic growth now reaching a record 37%. The Company
has comfortably exceeded the high end of market expectations for
the year, which had already been revised upwards repeatedly over
the course of the year."
The Company will publish its unaudited preliminary report for
the financial year ended 31 December 2021 on Monday, 28 February
2022.
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. An Investor Meet Company session will be
announced closer to the date.
-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 / Max Richardson
-----------------------------
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 allows 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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