H1 Trading Update and Notice of Results

RNS Number : 5712V

CentralNic Group PLC

10 August 2020

 

10 August 2020

CentralNic Group plc

("CentralNic" or "the Company" or "the Group")

H1 Trading Update and Notice of Results

CentralNic Group PLC (AIM: CNIC), the internet platform that derives revenue from the worldwide sales of internet domain names and related services, is pleased to announce that during the six months ended 30 June 2020 it has been comfortably trading in line with market expectations.

For the first half of 2020 it expects to report revenue in excess of USD 110 million and adjusted EBITDA in excess of USD 15 million. This compares to USD 49.7m and USD 9.2m respectively in the same period last year. Cash increased to USD 27.6m from USD 24.1m as at 31 March 2020, whilst net debt decreased to USD 76.4m from USD 76.8m as at 31 March 2020.

The Company further announces that it will publish its interim report for the six months ended 30 June 2020 on Tuesday, 1 September 2020, which will entail more detail on the above key figures.

Ben Crawford, CEO of CentralNic, said:  "I am delighted that CentralNic has recorded more revenue in the first half of 2020 than in the full financial year 2019. This has been achieved through a combination of earnings accretive acquisitions and steady underlying growth across our businesses."

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  [e-mail]  where further details will be provided.

For further information:  

CentralNic Group Plc Ben Crawford, Chief Executive Officer Don Baladasan, Group Managing Director Michael Riedl, Chief Financial Officer	[phone]
Zeus Capital Limited (NOMAD and Joint Broker) Nick Cowles / Jamie Peel (Corporate Finance) John Goold / Rupert Woolfenden   (Institutional Sales)	[phone] [phone]
Stifel (Joint Broker) Fred Walsh / Alex Price	[phone]
Newgate Communications (for Media) Bob Huxford Tom Carnegie Isabelle Smurfit	[phone] [e-mail]

About CentralNic Group plc 

CentralNic (AIM: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands online.  Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms. 

CentralNic operates globally with customers in almost every country in the world.  It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis. 

For more information please visit:  www.centralnicgroup.com  

 

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