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CentralNic confident in full-year expectations after revenues soar

Mon, 13th May 2019 09:51

(Sharecast News) - CentralNic climbed on Monday after full-year revenues from core activities doubled following a "transformational" acquisition and the company expressed confidence in meeting expectations for 2019.The internet domain name seller achieved revenue of £42.7m for 2018, an increase of 75% compared to the year before, though it increased by 100% after the exclusion of premium domain sales, which is no longer a core activity of the group.Supplying domains to resellers became the company's largest business over the course of the year, growing by more than 260% as a result of the KeyDrive and SK-NIC acquisitions, while recurring revenue remained steady at 90%.Consequently, gross profit increased by 69% to £19.7m, though the AIM traded company swung from a profit before tax of £1.4m to a loss of £3.8m after administrative expenses jumped by 80% to £22.1m due to acquisition related costs.CentralNic ended the year with cash and cash equivalents of £18.0m, up from £10.9m at the end of 2017, after an oversubscribed £24.0m share issue.Mike Turner, chairman of CentralNic, said: "Results to date in the new financial year, together with the group's high percentage of recurring revenues, provide the board with every confidence of meeting market expectations for 2019."CentralNic said it has continued to progress in the year to date, achieving revenue growth across all segments and hitting milestones in the integration of the new acquisitions as the group continues to pursue an "aggressive growth trajectory"."The continued availability of attractive acquisition targets, coupled with the group's proven ability to source, complete, and integrate complex acquisitions around the world, provides an excellent opportunity to build a sizeable global business to rival the largest industry players. Given its equity position has substantially improved and its current trading is favorable to market expectations, the company is currently reviewing its capital structure for efficiency in view of its continued acquisition strategy,'' said Turner.CentralNic's shares were up 9.79% at 53.25p at 0922 BST.
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4 Sep 2023 08:48

CentralNic changes name to Team Internet Group in company rebrand

(Alliance News) - CentralNic Group PLC on Monday said it will rebrand as Team Internet Group from Tuesday.

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1 Sep 2023 10:01

CentralNic buys LA-based Adrenalads for $2.35m

(Sharecast News) - Internet specialist CentralNic announced the acquisition of Los Angeles-based Adrenalads on Friday, for cash consideration of $2.35m.

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1 Sep 2023 09:58

IN BRIEF: CentralNic acquires Adrenalads for USD2.4 million

CentralNic Group PLC - London-based internet services holding company that develops and manages online marketplaces - Acquires Los Angeles-based company Adrenalads LLC for USD2.4 million in cash. CentralNic describes Adrenalads as a "premium source of tier-1 search and direct navigation traffic, catering specifically to ecommerce platforms". Says the acquisition will be immediately earnings accretive. It aims to "seamlessly integrate" Adrenalads into CentralNic's Zeropark commercial media offering.

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1 Sep 2023 09:08

LONDON MARKET OPEN: FTSE 100 up on hopes of peak for US interest rates

(Alliance News) - The FTSE 100 opened higher on Friday as investors hoped that US jobs data later in the day would seal the deal on the Federal Reserve holding interest rates steady at its next meeting.

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1 Sep 2023 07:49

LONDON BRIEFING: Stocks seen higher; UK house prices continue to fall

(Alliance News) - Stocks in London are set to open higher on Friday as markets looked ahead to a data-heavy day.

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14 Aug 2023 08:47

Centralnic interim profit falls on rising costs, revenue up

(Alliance News) - CentralNic Group PLC on Monday said higher costs drove a decline in its interim profit, while its revenue grew by double digits.

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14 Aug 2023 07:56

CentralNic delivers bullish outlook after H1 growth

(Sharecast News) - Domain registry and internet services provider CentralNic gave an upbeat outlook on Monday as it delivered an impressive set of first-half results, with revenues rising by nearly a fifth.

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7 Aug 2023 15:44

UK earnings, trading statements calendar - next 7 days

Tuesday 8 August 
abrdn PLCHalf Year Results
Glencore PLCHalf Year Results
H&T Group PLCHalf Year Results
InterContinental Hotels Group PLCHalf Year Results
IWG PLCHalf Year Results
Quilter PLCHalf Year Results
Rotork PLCHalf Year Results
SDI Group PLCFull Year Results
SIG PLCHalf Year Results
TI Fluid Systems PLCHalf Year Results
Zotefoams PLCHalf Year Results
Wednesday 9 August 
4imprint Group PLCHalf Year Results
Arix Bioscience PLCHalf Year Results
Bank of Cyprus Holdings PLCHalf Year Results
Bellway PLCTrading Statement
CLS Holdings PLCHalf Year Results
CML Microsystems PLCTrading Statement
Coca-Cola HBC AGHalf Year Results
Flutter Entertainment PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Hill & Smith PLCHalf Year Results
Hiscox LtdHalf Year Results
Impact Healthcare REIT PLCHalf Year Results
MaxCyte IncHalf Year Results
Polymetal International PLCTrading Statement
RM PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
TP ICAP Group PLCHalf Year Results
Tui AGQ3 Results
Vaalco Energy IncHalf Year Results
Thursday 10 August 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Atalaya Mining PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
Ocean Wilsons Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Petrofac LtdHalf Year Results
Redcentric PLCFull Year Results
Riverstone Credit Opportunities Income PLCHalf Year Results
S&U PLCTrading Statement
Savills PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
Videndum PLCHalf Year Results
Watches of Switzerland Group PLCTrading Statement
Wheaton Precious Metals CorpHalf Year Results
Zoo Digital Group PLCFull Year Results
Friday 11 August 
FBD Holdings PLCHalf Year Results
Murray International Trust PLCHalf Year Results
Monday 14 August 
CentralNic Group PLCHalf Year Results
Global Invacom Group LtdHalf Year Results
Plus500 LtdHalf Year Results
Stelrad Group PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Aug 2023 08:48

CentralNic launches partnerships with Booking.com, Klarna and Shopify

(Alliance News) - CentralNic Group PLC on Monday said it has secured a "significant" deal with online travel agency Booking.com, as well as other partnerships with platforms such as Klarna and Sovrn.

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7 Aug 2023 08:31

CentralNic unveils several new partnerships and integrations

(Sharecast News) - Internet marketing platform specialist CentralNic reported a string of new strategic alliances and advancements in an update on Monday.

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24 Jul 2023 16:29

CentralNic describes strong first half of trading

(Sharecast News) - Consumer-focussed internet company CentralNic said in an update on Monday that during its first half it saw a strong trading performance, leaving it poised to report promising financial results.

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24 Jul 2023 09:30

CentralNic hails strong performance; sees 2023 results in line

(Alliance News) - CentralNic Group PLC on Monday said it expects its full year results to be at least in line with market expectations, after it delivered a "strong" performance during the first of the year.

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24 Jul 2023 07:51

LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks.

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12 Jul 2023 12:28

IN BRIEF: CentralNic non-exec director sells GBP3 million in shares

CentralNic Group PLC - London-based internet services, developing and managing online marketplaces - Non-Executive Director Horst Siffrin sells 2.4 million shares via inter.services GmbH at GBP1.15, worth GBP2.8 million, on Wednesday and Friday last week. The share disposal was to fund "an investment project", CentralNic says, and Siffrin retains 32.0 million shares. This is about an 11% stake.

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3 Jul 2023 15:49

CentralNic expands share buyback by £30m

(Sharecast News) - Internet company CentralNic announced a £30m increase in its second share buyback programme on Monday, taking it to a maximum aggregate consideration of £34m.

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