Business
Annual Report, Notice of Q1 Update, AGM & Dividend
Annual Report, Notice of Q1 Update, AGM & Dividend.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \n \n 27 March 2023\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 2022\n \n \n Notice of Q1 2023 Trading Update\n \n \n Notice of Annual General Meeting\n \n \n and\n \n \n \n Dividend Timetable\n \n \n \n \n \n \n CentralNic Group plc (AIM: CNIC)\n , the global internet platform\n which helps online consumers make informed choices, is pleased to announce that, further to its announcement on 27 February 2023 titled \"UNAUDITED PRELIMINARY ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022\" (the \"Results Announcement\", the Audited Annual report for the financial year 2022 is now available on the Group's website at the following link:\n \n \n https://investor.centralnicgroup.com/wp-content/uploads/2023/03/annual-report-2022.pdf\n \n \n . The Annual report and accounts will shortly be posted to those shareholders who have opted to receive a hard copy.\n \n \n All key figures have been confirmed and are without change from the announcement made on 27 February 2023, namely:\n \n \n ·Revenue increased by 77% to USD 728.2m (FY2021: USD 410.5m)\n \n \n ·Organic revenue increased by 60% (FY2021: 39%)\n \n \n ·Net revenue (gross profit) increased by 50% to USD 177.7m (FY2021: USD 118.5m)\n \n \n ·Adjusted EBITDA increased by 86% to USD 86.0m (FY2021: USD 46.3m)\n \n \n ·Operating profit increased by 172% to USD 33.6m (FY2021: USD 12.4m)\n \n \n ·Profit before tax increased dramatically to USD 14.8m (FY2021: USD 1.6m)\n \n \n ·Net debt reduced by 30% to USD 56.6m (31 December 2021: USD 81.4m) notwithstanding c. USD 41.0m M&A net of related equity raises\n \n \n ·Leverage reduced to 0.9x pro forma EBITDA (31 December 2021: 2.2x)\n \n \n ·Adjusted operating cash conversion of 110% (FY2021: 122%)\n \n \n ·Adjusted EPS for the year increased by 70% to 20.01 US cents (FY2021: 11.80 US cents)\n \n \n ·Proposed final dividend of 1.0p, reflecting a greater emphasis on returns to shareholders in the future\n \n \n \n \n \n As Environmental, Social, and Governance (\"ESG\") considerations form an ever-increasing role in the Group's decision processes, the Annual report 2022 includes a more comprehensive presentation of our strategy on ESG and how o...