AIM-listed fast-growing acquisitive internet domain name and web services provider, CentralNic rebranded as Team Internet Group Plc last September taking on the moniker of a company that it acquired back in 2019. CEO Michael Riedl has been in charge since late 2022 and has kept the business growing aggressively (CentralNic up 18% in H1).
Annual results out this morning confirm the continuation of this trajectory, with the Group’s revenue increasing by 15% (13% organic) to $836.9m (FY2022 $728.2m). Adjusted EBITDA was by 12% to $96.4m (FY2022 $86m) whilst operating profit increased 26% to $42.3m (FY2022 $33.6m).
Team Internet plc (LON:TIG) – formerly CentralNic – is a global internet solutions group headquartered in London. Leveraging world-class technologies and industry leading teams, they have been transforming the way organisations, brands, publishers and consumers connect and thrive online.