CentralNic is a UK software company, operating globally through its two businesses, Online Presence and Online Marketing. Through a series of acquisitions, Online Marketing has become the group’s primary driver, delivering high double-digit revenue and profit growth year-on-year since the group’s first foray in 2019. Now at critical mass, the business is positioned for sustained organic growth, allowing management to prioritise capital allocation and shareholder returns, while maintaining high margins and strong cash conversion.
Strategy update concludes momentous FY22
CentralNic has delivered rapid revenue growth in recent years, primarily driven by its Online Marketing segment, both organically and through steady volumes of M&A. Now positioned to sustain organic growth into FY23, management intends to continue making bolt-on acquisitions, albeit at a lower volume and tested against potential returns from share buybacks. This is part of a wider review of cash flow deployment and capital allocation within the business. Clarifying the purpose and business model of the Online Marketing business is also part of the strategy as this has often been misunderstood by investors.
CentralNic Group Plc (LON:CNIC) is one of the world’s leading providers of internet infrastructure services. The company provide tools for those who wish to go beyond consuming internet content. CentralNic’s services are designed for those who seek to contribute, to communicate, to build, to promote and to earn online.
