CentralNic is advancing after its acquisition spree

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  • CentralNic to hit top of forecasts as organic growth accelerates
  • CentralNic: Interims shine a light on the significant ‘upside potential’ of shares
  • CentralNic Group says growth is translating into higher profits, remaining ‘highly cash generative’
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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.

18 Oct 2021

CentralNic Group PLC, the domain name platform operator, said organic growth had accelerated during the nine months to 30 September 2021 and now was 29% ahead of the comparable period in 2020.

As a result, total group revenue (including acquisitions) over the nine months will be at least US$280mln and underlying profit (adjusted EBITDA) at least US$32mln, making increases of at least 66% and 45% respectively.

Ben Crawford, CentralNic’s chief executive, added that the company expects to trade comfortably at or above the upper end of market expectations for the full year for both revenue and adjusted EBITDA.

Consensus forecasts currently for the full year are revenues in 2021 of between US$348.6mln-US$355.3mln and underlying profits of US$41.1mln-US$42mln.

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28 Sep 2021

CentralNic Group PLC (AIM:CNIC) announced it is buying a publishing network of revenue-generating websites for US$6.5mln in cash and assumed working capital liabilities from White & Case Ltd, in a deal that will provide more website traffic for its online marketing business.

The global internet platform company said the acquisition will be immediately earnings enhancing and will be financed from available liquidity. It is expected to complete around 1 October 2021.

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06 Sep 2021

CentralNic Group PLC (AIM:CNIC), an internet platform company, has appointed Carsten Sjoerup as chief technology and product officer, effective immediately.

The newly created role is an important step in CentralNic’s ambition of becoming a world-leading online services provider, said the AIM-quoted company.

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31 Aug 2021

Shares in the internet services specialist CentralNic Group PLC (AIM:CNIC) (LON:CNIC) 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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18 Oct 2021

() () chief executive officer Ben Crawford joined Proactive London to explain the drivers behind their organic growth which accelerated during the nine months to 30 September 2021.

As a result, total group revenue (including acquisitions) over the nine months will be at least US$280mln and underlying profit (adjusted EBITDA) at least US$32mln, making increases of at least 66% and 45% respectively.

The firm also recently announced it is buying a publishing network of revenue-generating websites for US$6.5mln in cash and assumed working capital liabilities from White & Case Ltd, in a deal that will provide more website traffic for its online marketing business.

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CentralNic Group says growth is translating into higher profits, remaining…

CentralNic Group PLC (AIM:CNIC) (AIM:CNIC) chief executive officer Ben Crawford joined Proactive London to explain the drivers behind their organic growth which accelerated during the nine months to 30 September 2021.

As a result, total group revenue (including acquisitions) over the nine…

13 hours, 43 minutes ago

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