AIM-listed fast-growing acquisitive internet domain name and web services provider, CentralNic continues to expand at an impressive clip. The pace of top line growth appears, however, to be slowing as the year progresses. Turnover for the six months ended 30th June rose by 18% to $396.4m underpinned by a trailing twelve-month organic revenue increase of 31%. The comparative figures for Q123 were 24% and 46% respectively (see here). Company profitability improved by 9.4% sequentially in the second quarter to lift adjusted EBITDA by 16% yoy to $44.6m in the first half of 2023.
CentralNic is an independent global service provider building and managing platforms that sell Online Marketing and Online Presence services.
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.
