CentralNic Group Announces Record Performance in 2021
CentralNic Group PLC (AIM: CNIC), the online marketplace for online presence and customer acquisition tools, is pleased to announce its unaudited preliminary results for the financial year 2021, demonstrating record revenue growth and profitability, with organic growth at 39% for the year.
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Both revenue and Adjusted EBITDA have increased year-on-year to record levels, driven by a combination of acquisitions and strong organic growth. Total revenue (including acquisitions) increased by 71% to USD 410.5 million, from USD 240 million in 2020. CentralNic Group’s Net revenue (gross profit) increased by 58% to USD 118.5 million, while Adjusted EBITDA increased by 57% to USD 46.3 million.
More than 99% of CentralNic Group’s total revenue was generated by recurring-revenue products. This, combined with an exceptionally strong start into the year augurs well for the Company’s performance in 2022.
The record organic growth in 2021 demonstrates CentralNic Group’s success in capitalising on the investments that it has undertaken during the pandemic to thrive as the world comes out of lockdown.
The audited annual report and accounts for 2021 will be published in early April 2022.
Ben Crawford, CEO of CentralNic, commented: “CentralNic has enjoyed a very strong 2021 across both our online presence subscription products and our privacy-safe online marketing technologies – achieving record organic growth of 39% for the year. Significant investment in human resources, restructuring and market-leading products has contributed to the Group meeting market expectations.
These robust results reflect CentralNic’s continued success in sourcing, completing and integrating transformative acquisitions and driving the organic growth of the business. The pipeline of future acquisition targets remains strong and we are confident in continuing our trajectory towards joining the ranks of the global leaders in our industry.”
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