LONDON, Oct. 18, 2021 /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,
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
Thursday, 25 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.
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 Sales)
|
+44 (0) 161 831
1512
+44 (0) 203 829
5000
|
Stifel (Joint
Broker)
Fred Walsh / Alex
Price / Richard Short
|
+44 (0) 20 7710
7600
|
SEC Newgate (for
Media)
Bob Huxford / Tom
Carnegie / Isabelle Smurfit
|
+44 (0) 203 757
6880
centralnic@secnewgate.co.uk
|
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
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.
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