CentralNic Group expected to report revenue of at least $280 million

CentralNic Group plc (LON:CNIC), the global internet platform company that derives recurring revenues selling online presence and marketing services, has announced that, following its significant investment programme, the Company’s organic growth has further accelerated during the nine months to 30 September 2021, resulting in organic growth of 29% against the same period in the prior year.

The company therefore expects to report revenue of at least USD 280 million and adjusted EBITDA of at least USD 32 million for the nine months ending 30 September 2021. This represents an increase of at least 66% and 45% respectively over the USD 168.5m and USD 22.1m results reported for the same period last year.

Cash at 30 September 2021 increased to USD 54m from USD 28.7m as at 31 December 2020. Net debt at 30 September 2021 decreased to USD 79m from USD 85m as at 31 December 2020, despite the deployment during the period of a total of c.USD 13m on the acquisitions of Safebrands and Wando and the final deferred consideration payment for Team Internet. Adjusted operating cash conversion continues to be in excess of 100%.

Ben Crawford, CEO of CentralNic, said: “CentralNic’s growth rally has further accelerated during the third quarter of the year with year-to-date organic growth now reaching a record 29%. The Company expects to trade comfortably at or above the upper end of market expectations for the year * for both revenue and adjusted EBITDA. We are particularly pleased that the accelerated growth is now also starting to translate into higher profits.”

The Company will publish its interim report for the nine months ended 30 September 2021 on Monday, 22 November 2021 (“Interim Results”).

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.

CEO Ben Crawford and CFO Michael Riedl will also provide a live investor presentation relating to Interim Results via the Investor Meet Company platform at 10:30am UK on Thursday, 25 November 2021. Investors can sign up to Investor Meet Company for free and add to meet CENTRALNIC GROUP PLC via: https://www.investormeetcompany.com/centralnic-group-plc/register-investor.

*) analyst expectations of revenue and adjusted EBITDA for the financial year ending 31 Dec 2021 currently range from USD 348.6m to USD 355.3m and USD 41.1m to USD 42.0m respectively.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
CentralNic

More articles like this

CentralNic Group plc

CentralNic’s unprecedented journey: 10 years post-IPO

In the fast-paced realm of the digital world, ten years can seem like an eternity-it’s a canvas of endless innovation, challenges, and reinvention. For CentralNic, the past decade has been nothing short of transformative, marking its

CentralNic Group plc

Titan Partners with Team Internet to offer business email

Titan, a leading business email service provider, announced a strategic partnership with the Team Internet Group (TIG) formerly CentralNic, a leading global internet solutions company. Team Internet’s dual focus includes domain name management (Online Presence) and high-growth digital

CentralNic Group plc

CentralNic rebrands as Team Internet

Another well-known domain industry firm has rebranded itself around a forgettable, search-resistant company name. CentralNic is now Team Internet, though it will continue to use “CentralNic” in its domains business. The company has changed its primary

CentralNic Group plc

CentralNic buys LA-based Adrenalads for $2.35m

Internet specialist CentralNic announced the acquisition of Los Angeles-based Adrenalads on Friday, for cash consideration of $2.35m. The AIM-traded company said the acquisition was aimed at bolstering its media-buying arm Zeropark, and improving its overall efficiencies and market

Centralnic Group Plc

CentralNic Group to change name to Team Internet Group Plc

CentralNic Group plc (trading as Team Internet (LON:CNIC)), the global internet company generating recurring revenue from privacy-safe, AI based customer journeys that help online consumers make informed choices, has announced that on 28 September 2023 it will

CentralNic Group plc

CentralNic CEO calls on industry to tackle climate change

CentralNic CEO Michael Riedl is calling on his counterparts at other large domain name registries and registrars to meet up to coordinate the industry’s response to climate change. During a broad keynote at the London Domain

CentralNic Group plc

CentralNic Group turns to AI to drive performance

CentralNic Group PLC has announced its intention to leverage artificial intelligence (AI) technology to further enhance its performance. The web services group achieved positive results across all business segments in the first half of the year,

CentralNic Group plc

CentralNic up 18% in H1

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

CentralNic Group plc

CentralNic Group: Fine-tuning the growth engine

CentralNic’s H123 results showed continuing revenue growth and margin expansion, with growth now being driven more organically and across both operating segments. Partnerships could be key to unlocking growth from underutilised brands, with management winning several

CentralNic Group plc

CentralNic to utilise AI for accelerated performance

CentralNic Group announced its plans to leverage artificial intelligence (AI) in order to enhance its performance, following positive results in all of its business segments during the first half of the year. During this period, gross

CentralNic Group plc

CentralNic delivers another strong performance during H1 2023

CentralNic Group Plc (LON:CNIC), the global internet company which helps online consumers make informed choices, has announced its unaudited financial results for the six months ended 30 June 2023. Financial summary: ●       Gross revenue increased by 18% to USD 396.4m

CentralNic Group plc

Adapting to new technology

In the bustling year of 1995, Microsoft released Windows 95. The commercial featured a huge Rolling Stones hit, and the brand-new OS caused massive shock waves in the tech world. Let’s imagine an old-school redactor staring at

CentralNic Group plc

CentralNic announces strategic alliances

CentralNic Group PLC (LON:CNIC), the global internet company that derives recurring revenue from privacy-safe, AI-based customer journeys that help online consumers make informed choices, has announced a series of recent strategic partnerships, achievements, and the overall