Business
Annual Report 2021 and Notice of Q1 Update and AGM
Annual Report 2021 and Notice of Q1 Update and AGM.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1999H\n CentralNic Group PLC\n 04 April 2022\n \n \n \n \n 4 April 2022\n \n \n \n \n \n CentralNic Group plc\n \n \n (\"CentralNic\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Audited Annual Report 2021\n \n \n and \n \n \n Notice of Q1 Trading Update\n \n \n and\n \n \n Notice of Annual General Meeting\n \n \n \n \n \n CentralNic Group plc (AIM: CNIC), the global internet platform company that derives recurring revenues from the sale of online presence and marketing services, is pleased to announce that, further to its announcement on 28 February 2022 titled \"UNAUDITED PRELIMINARY RESULTS FULL YEAR 2021\", the Audited Annual Report for the financial year 2021 is now available on the Company's website at the following link: \n \n https://investor.centralnicgroup.com/wp-content/uploads/2022/04/Annual-Report-2021.pdf\n \n . The Annual Report and Accounts will shortly be posted to shareholders.\n \n \n All key figures have been confirmed and are without change from the announcement made on 28 February 2022, namely:\n \n \n · Revenue increased by 71% to USD 410.5m (FY2020: USD 240.0m)\n \n \n · Organic revenue increased by 39% (FY2020: 9%)\n \n \n · Net revenue (gross profit) increased by 58% to USD 118.5m (FY2020: USD 75.1m)\n \n \n · Adjusted EBITDA* increased by 57% to USD 46.3m (FY2020: USD 29.4m) resulting in a margin of 11.3% on gross revenue and 39.0% on net revenue, i.e. excluding passthrough expenses such as registry fees and revenue shares\n \n \n · Operating profit of USD 12.4m (FY2020: operating loss of USD 2.1m)\n \n \n · Profit before tax of USD 1.6m (FY2020: loss before tax of USD 11.8m)\n \n \n · Net debt** down to USD 75.0m (gross interest-bearing debt of USD 131.1m, cash of USD 56.1m) as compared to USD 85.0m in FY2020 - despite four acquisitions for a combined USD 18.3m in the year, and the settlement of combined deferred consideration of USD 1.7m\n \n \n · Adjusted EPS for the year increased by 18% to USD 11.80 cents (FY2020: USD 9.96 cents)\n \n \n \n \n \n Minor adjustments arising from the audit process include:\n \n \n · Operating Cashflow has improved from USD 40.7m to USD 43.3m\n \n \n · Adjusted cash conversion ratio has improved from 116% to 122%\n \n \n \n \n \n There are no other changes or adjustments to the annual results as ann...