LONDON, Jan. 17, 2022 /PRNewswire/ -- CentralNic
Group PLC (AIM: CNIC), the online marketplace for domain names and
online presence and customer acquisition tools, is pleased to
announce that its 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 2021, crossing the $400 million threshold.
Following its significant investment programme, the Company
expects record revenue of USD 410m and adjusted EBITDA of
USD 45m for the financial year ending 31 December 2021. This represents an increase
including acquisitions of 70% and 47% respectively over the
USD 241.2m and USD 30.6m results for the financial year
2020.
Cash increased to USD 55.6m from
USD 28.7m as at 31 December
2020, notwithstanding the deployment during the year of a total of
USD 19m on four highly accretive
acquisitions of Safebrands, Wando, NameAction, and a network of
websites from White & Case Ltd, as well as the final deferred
consideration payment for the Team Internet acquisition.
Ben Crawford, CEO
of CentralNic, said: "CentralNic's organic growth in
revenue, profits and cash has continued to accelerate during the
last quarter of the year to 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. We are delighted to see CentralNic's steady
progress on its roadmap to become a world-leading online services
marketplace, as our business strategy continues to deliver
exceptional results."
The Company will publish its unaudited preliminary report
for the financial year ending 31 December
2021 on Monday, 28 February 2022. An Investor call will
be announced closer to the date.
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 press inquiries, please contact CentralNic
Group media@centralnic.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/centralnic-group-reports-record-growth-in-2021-301461738.html
SOURCE CentralNic Group