CentralNic Group revenue increased by 121% to $241.2m

CentralNic Group plc (LON:CNIC), the global internet platform that derives revenue from the subscription sales of domain names and web services, has announced that further to its announcement on 1 March titled “UNAUDITED PRELIMINARY ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2020”, the Audited Annual Report for the financial year 2020 is now available on the Company’s website at the following link:

https://investor.centralnicgroup.com/wp-content/uploads/2021/04/Annual-Report-2020.pdf. The Annual Report and Accounts will shortly be posted to shareholders.

All key figures have been confirmed, namely:

·       Revenue increased by 121% to USD 241.2m (FY2019: USD 109.2m)

·       Net revenue/Gross profit increased by 78% to USD 76.3m (FY2019: USD 42.8m)

·       Adjusted EBITDA* increased by 71% to USD 30.6m (FY2019: USD 17.9m)

·       Operating profit increased by USD 3.2m to USD 0.4m (FY2019: operating loss of USD (2.8m))

Minor adjustments arising from the audit process include:

·      Operating Cashflow has improved from $20.0m to $22.7m

·      Adjusted Cash Conversion has improved from 106% to 115%

·      Intangible assets (goodwill) have reduced from $260.6m to $257.0m

·      Trade and other payables and accruals have decreased from $90.8m to $87.3m

In line with the increasing importance of Environmental, Social, and Governance (ESG) considerations in the Group’s decision processes, the Annual Report 2020 includes a more comprehensive presentation of the manifold ESG initiatives reflecting the significance that management assigns to it. These initiatives include but are not limited to:

·    Streamlined Energy and Carbon Reporting (SECR). CentralNic has offset its greenhouse gas (GHG) emissions by investing in Verified Carbon Standard (VCS)-certified clean energy projects, as well as undertaking a tree plantation programme.

·    The SK-NIC fund. SK-NIC, part of the CentralNic Group and manager of the .SK TLD, committed itself via an agreement with the Slovak Government to provide 5% of its annual revenue to support the local digital economy and internet community.

·    Launch of DomainTrust™ in collaboration with the Global Cyber Alliance (GCA), ISPs, banks and other organisations. DomainTrust™ is a sophisticated intelligence platform that provides registries, registrars and cyber protection agencies with high-quality data on suspected malicious and criminal domains that are being used in phishing attempts, malware distribution, and botnet command and control (C&C) activities.

The Company further announces that it will publish its trading results for the three months ended 31 March 2021 on Tuesday, 1 June 2021. The Directors are pleased to confirm that the Company has been trading in line with management expectations during this period.

There will be a webinar / conference call for equity and debt analysts at 11:00am UK on the day of results, hosted by CEO Ben Crawford and CFO Michael Riedl.  Anybody wishing to register should contact Tom Carnegie at centralnic@secnewgate.co.uk where further details will be provided.

Ben Crawford, CEO of CentralNic, said “CentralNic’s results for 2020 evidence the resilience of the Group’s businesses, even in the face of the COVID-19 economic crisis. As we scale up rapidly, the underlying qualities of high recurring revenues and high cash conversion, calculated at 115% on an adjusted basis in FY20, become increasingly meaningful. The Board takes into account environmental, social and governance (ESG) issues raised by stakeholders in its decision-making process.”

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

CentralNic revenue increases by 88% to USD 526.7m

CentralNic Group Plc (LON:CNIC), the global internet software company that derives recurring revenue from marketplaces for online presence and online marketing services, has announced its unaudited financial results for the nine months ended 30 September 2022. The Company

CentralNic

CentralNic record revenue for the first half of 2022

CentralNic Group announced its unaudited financial results for the six months ended 30 June 2022: record revenue and Adjusted EBITDA achieved, driven by continued organic growth, supplemented with acquisitions. Financial summary H1 2022: Revenue increased by

CentralNic

CentralNic acquires corporate domain manager

CentralNic (London: CNIC) has acquired Intellectual Property Management Company, Inc. (IPM), a corporate domain manager. According to IPM’s website, it is a joint venture with the United Internet Group of Companies. That’s the company that owns IONOS,

CentralNic

CentralNic Group to publish interim results on 22 November 2022

CentralNic Group Plc (LON:CNIC), the global internet platform that derives recurring revenue from marketplaces for online presence and online marketing services, will publish its unaudited interim report for the nine months ending 30 September 2022 on

CentralNic

CentralNic expects to blow past revenue estimates

CentralNic has updated its financial projections for the year, saying it expects to “materially exceed” the current analysts’ estimates. The London-listed company expects to next month report revenue for the nine months to September 30 up

CentralNic

CentralNic to acquire Intellectual Property Management Company, Inc.

CentralNic Group Plc (LON:CNIC), the global internet platform that derives recurring revenue from marketplaces for online presence and online marketing services, has announced that it has entered into an agreement to acquire Intellectual Property Management Company, Inc. (“IPMC”),

CentralNic

Another quarter of record growth for CentralNic

CentralNic continues to benefit from advertisers looking for privacy-safe marketing solutions, with 66% organic revenue growth for the last 12 months (LTM) to Q322 (LTM to Q222: 62%). Management anticipates 9M22 gross revenue of at least

CentralNic

CentralNic acquires arbitrage company for up to $19 million

CentralNic announced that it is acquiring Israeli company M.A Aporia Ltd. for as much as $19 million, with $11.2 million upfront and up to $7.8 million in earnouts. In a release, CentralNic describes Aporia as “a technology company

CentralNic

CentralNic Group: Acquisition of Aporia for up to US$19m

As part of a broader vertical integration strategy, disintermediating its value chain to create a more efficient ecosystem, CentralNic has announced the acquisition of MA Aporia, a media and native advertising company. CentralNic is paying an

CentralNic

CentralNic acquires social media and advertising supplier Aporia

Fast growing acquisitive internet domain name and web services provider CentralNic, has added another bolt on to its portfolio, agreeing to acquire social media and advertising supplier M.A Aporia Ltd., for an initial consideration of $11.2m. CentralNic has

CentralNic

CentralNic Group to acquire M.A Aporia for USD 11.2m

CentralNic Group Plc (LON:CNIC), the global internet platform that derives recurring revenue from marketplaces for online presence and online marketing services, has announced that it has entered into an agreement to acquire M.A Aporia Ltd. for an initial consideration

CentralNic

CentralNic appoints Claire MacLellan as a Non-executive Director

CentralNic Group plc (LON:CNIC), the global internet platform that derives recurring revenue from operating marketplaces for online presence and online marketing services, has announced the appointment to its board of Claire MacLellan as a Non-executive Director with immediate

CentralNic

CentralNic’s organic growth momentum continues

CentralNic reported 62% organic revenue growth in H122, with gross revenues rising 93% y-o-y to US$335m and net revenues rising 51% to US$82m. Adjusted EBITDA rose 97% to US$39m (H121: US$20m), with adjusted EBITDA/net revenue increasing to

CentralNic

CentralNic revenue increased by 93% to $334.6m

CentralNic Group Plc (LON:CNIC), the global internet platform that derives recurring revenue from operating a marketplace model for online presence and online marketing services, has announced its unaudited financial results for the six months ended 30 June 2022. Record

CentralNic

False causality and the importance of effective communication

We live in an era where scientific knowledge is consolidated like never before. Regardless, skepticism in science and, especially, data abounds. In the data science domain, we’re seeing a lot of doubt surrounding the fast-paced development