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CentralNic

CentralNic Group records more revenue in H1 2020 than in FY19

CentralNic Group PLC (AIM: CNIC), the internet platform that derives revenue from the worldwide sales of internet domain names and related services, has announced 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 centralnic@newgatecomms.com where further details will be provided.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.