26 Jul 2021 07:00
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.
26 July 2021
CentralNic Group plc
("CentralNic" or the "Company", or the "Group")
H1 Trading Update and Notice of Results
CentralNic Group plc (AIM: CNIC), the global internet platform company that derives recurring revenues selling domain names and web services, is pleased to announce that following its significant investment programme, the Group recorded c.USD 90 million of revenue, representing a 63% increase of reported revenue and a record organic growth of c.25%. during the three months ended 30 June 2021.
The company therefore expects to report revenue of c.USD 174 million and adjusted EBITDA of c.USD 20 million for the first half of 2021, reflecting growth across all business lines. This represents a 56% and 32% increase respectively over the USD 111.3m and USD 15.1m results for the same period last year. Cash increased to USD 39.5m from USD 28.7m as at 31 December 2020, whilst net debt decreased to USD 84m from USD 85m as at 31 December 2020, notwithstanding the deployment during the half of a total of c.USD 13 on the acquisitions of Safebrands and Wando and the final deferred consideration payment for Team Internet. Adjusted operating cash conversion was again well in excess of 100%.
The Company will publish its interim report for the six months ended 30 June 2021 on Tuesday, 31 August 2021.
Ben Crawford, CEO of CentralNic, said: "CentralNic has enjoyed a very strong second quarter across both our digital subscriptions products and our privacy enabled online marketing technologies - achieving record organic growth of 25%, following 16% organic growth for the first quarter 2021 and 9% for the full year 2020. The Company expects to deliver revenue for the year well ahead of market expectations through our significant investment in resources, restructuring and new business, resulting in profits we expect to be comfortably in line with market expectations. As our investment levels plateau, we expect future periods to benefit from increasing operational leverage."
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.
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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) John Goold / Rupert Woolfenden (Institutional Sales)
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+44 (0) 161 831 1512 +44 (0) 203 829 5000 |
Stifel (Joint Broker) Fred Walsh / Alex Price / Richard Short | +44 (0) 20 7710 7600
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SEC Newgate (for Media) Bob Huxford / Tom Carnegie / Isabelle Smurfit | +44 (0) 203 757 6880 centralnic@secnewgate.co.uk
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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 allows businesses globally to buy subscriptions to domain names for websites and email, monetise domain names, and protect their brands 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