Business
Acquisition of SK-NIC, Trading Update
Acquisition of SK-NIC, Trading Update.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \nRNS Number : 9561O CentralNic Group PLC 25 August 2017 \n\n \n \n\n\n\n\nPress Release\n\n\n 25 August 2017\n\n\n\n\nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \nCentralNic Group Plc\n(\"CentralNic\" or \"the Company\" or \"the Group\" or \"CentralNic Group\")\n \nPre-Close Trading Update, Notice of Results \nand \nAgreement to Acquire SK-NIC, A.S.\n(\"SK-NIC\")\nManager of the country code Top-Level Domain for Slovakia, .sk\n \n \nPre-Close Trading Update and Notice of Results\n \nCentralNic, the global software platform company supporting subscription web services including domain names, is pleased to announce a pre-close trading update for the six months to 30 June 2017 (\"the Period\"). The Company's interim results for the Period will be published on 7th September 2017. \n \nRevenue for the Period is expected to be 19% ahead of the prior year at £10,587,000 (2016: £8,931,000) with adjusted EBITDA*, excluding foreign exchange gain and losses, rising 50% to £1,367,000 (2016: £908,000). Adjusted EBITDA* including foreign exchange is estimated at £1,055,000 including an £312,000 foreign exchange loss (2016: £1,309,000 including a £401,000 foreign exchange gain). Cash at 30 June 2017 was £9,570,000.\n \nGiven the consistently heavy second-half weighting of results in recent years, the Board is confident that the Company is on track to meet market expectations for the full year to 31 December 2017, as the Company continues to diversify through the acquisition of businesses with high-levels of recurring revenue and takes advantage of increased opportunities to trade in valuable premium domain names. \n \n*Adjusted EBITDA: Earnings before interest, tax, depreciation and amortisation, acquisition costs, exceptional items and non-cash charges.\n \n \nAgreement to acquire SK-NIC, A.S., Manager of Slovakia's Top-Level Domain, .sk\n \nThe Board of CentralNic is pleased to announce that it has agreed to acquire the business and assets of ...