CentralNic Group growth continued acceleration during last quarter and y-o-y organic growth now reaching record 37%

CentralNic

CentralNic Group plc (LON:CNIC), the global internet platform company that derives recurring revenues selling online presence and marketing services, has announced 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 Group, 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.

You might also enjoy reading  Top telecoms, media and technology stocks to buy right now at attractive prices
Find more news, interviews, share price & company profile here for:
CentralNic Group Plc

Good news travels fast (but only if you make that happen):

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email
Share on reddit
Reddit
Find more news, interviews, share price & company profile here for:
CentralNic Group Plc

AIM All Share Index