CentralNic is advancing after its acquisition spree

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  • CentralNic drops hint to brokers with full-year revenue and profit guidance
  • CentralNic: Interims shine a light on the significant ‘upside potential’ of shares
  • CentralNic flags full-year revenue at the top end of market expectations
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Quick facts: CentralNic Group PLC

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CentralNic Group PLC is the developer and operator of software platforms providing web presence services to customers in almost every country in the world.

The company is a leading provider of tools required to create websites, use email, and secure business online.

Headquartered in London, the company generates revenue and income from the worldwide sale of internet domain names, hosting and monetisation of domains on an annual subscription basis.

31 Aug 2021

() expects full-year revenues and profits will be at least at the upper end of market expectations.

The internet platform company issued the guidance in its interim results for the first half of 2021, in which it revealed a 36% increase in adjusted underlying earnings (EBITDA) to US$20.5mln from US$15.1mln in the first half of last year.

The reported loss before tax halved to US$1.5mln from US$3.1mln the prior year.

Revenue rose 57% to US$174.7mln from US$111.3mln the year before, with organic revenue growth of 20%. The accelerated organic growth seen during the first half of this year is expected to be sustained following the investment in new management, staff and systems, CentralNic said.

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26 Jul 2021

CentralNic Group PLC (), the internet platform company, expects full-year revenue to be well ahead of market resources after a strong second quarter.

The company said in a first-half trading update that the April-June quarter saw revenues rise by 63% from a year earlier to US$90mln, with like-for-like growth of around 25% – a record level for the group.

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21 Jul 2021

Analysts at Berenberg said they remain convinced about the value in CentralNic Group PLC () and the potential for the shares to double.

The bank hosted a ‘fireside chat’ with the company to address pushbacks and queries from investors after a previous note that identified CentralNic as one of the top three shares to buy in the networking and communications subsector.

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31 Aug 2021

Shares in the internet services specialist () () are significantly undervalued, according to research from two investment banks very familiar with the industry and the company.

Berenberg said the stock trades on enterprise multiple (EV/EBITDA) of just nine times, yet peers in the domain name and ad-tech ‘spaces’ are on 23 times and 40 times respectively.

With this in mind and the fact that CentralNic generates a whopping 9% free cash flow yield, Berenberg reckons there is 110% “upside” for the stock from current levels.

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01 Sep 2021

() chief executive officer Ben Crawford joined Proactive’s Stephen Gunnion with details of the company’s interim results for the first half of 2021.

Crawford telling Proactive that revenue jumped 57% to $175 million for the six months to June 30, 2021, with organic revenue growth of 20%.

He said the company is set to deliver full-year revenue at the top end of market expectations.

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CentralNic flags full-year revenue at the top end of market expectations

CentralNic Group PLC (AIM:CNIC) chief executive officer Ben Crawford joined Proactive’s Stephen Gunnion with details of the company’s interim results for the first half of 2021.

Crawford telling Proactive that revenue jumped 57% to $175 million for the six months to June 30, 2021, with…

18 hours, 35 minutes ago

2 min read

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