19 Mar 2020 07:00
19 March 2019
CentralNic Group plc
("CentralNic" or the "Company" or the "Group")
Release of FY2019 figures of Team Internet AGAnnouncement of Q1 Trading Update
CentralNic Group plc (AIM: CNIC), the global internet platform that derives revenue from the subscription sales of domain names and web services, is pleased to announce an update on the FY2019 performance of its latest acquisition, Team Internet AG, Germany ("Team Internet").
As reported by Matomy Media Group Ltd. ("Matomy Media") as part of their audited annual report for FY2019, during the period from 1 January 2019 through 24 December 2019, the date of the sale of Team Internet to CentralNic, Team Internet has recorded revenue of USD 74.0m and adjusted EBITDA of USD 12.3m. This compares to USD 66.7m and USD 10.6m respectively reported for the trailing 12 months to 30 June 2019 at the occasion of the announcement of the acquisition of 15 November 2019.
CentralNic acquired Team Internet for a total consideration of USD 48m cash, equivalent to 3.9 times Team Internet's EBITDA for the period 1 January 2019 to 24 December 2019. The acquisition is earnings enhancing and expected to be significantly accretive in the financial year ending 31 December 2020, before any synergies.
Ben Crawford, CEO of CentralNic, said: "These figures, which were recently released into the public domain by Matomy Media as part of their audited FY2019 results, are testament to the successful turnaround of the Team Internet business in H2 2019."
ANNOUNCEMENT OF TRADING UPDATE
CentralNic will release an unaudited trading update for Q1 2020 in the week commencing 27 April 2020, alongside its audited annual report for financial year 2020. The Directors expect current trading to be in line with market expectations.
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) |
+44 (0) 161 831 1512 +44 (0) 203 829 5000 |
Stifel (Joint Broker) Fred Walsh / Neil Shah / Alex Price
| +44 (0)20 7710 7600
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Newgate Communications (for Media) Bob Huxford Tom Carnegie Robin Tozer | +44 (0) 203 757 6880 centralnic@newgatecomms.com
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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 allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting 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