RE: "An outstanding start to the year"24 Apr 2023 08:56
CentralNic reported an "outstanding" start to the year, with Chief Executive Michael Riedl calling the three months ended March 31 the company "best-ever" first quarter. The online marketplace developer and manager expects to report gross revenue of USD194.9 million, net revenue/gross profit of USD45.8 million, and adjusted earnings before interest, tax, depreciation and amortisation of USD21.3 million in the quarter. This would represent growth of 24%, 15%, and 15%, respectively, when compared to the previous year. CentralNic said it is confident the company will trade "at least" in line with current market expectations due to its expanding product range, the benefits of operating leverage, and its focus on efficient execution.