CentralNic confirms strong earnings and revenue growth for 2020

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CentralNic Group PLC (LON:CNIC) has confirmed the strong revenue and earnings figures for its 2020 financial year while also announcing plans to release a first-quarter trading update on June 1.

The internet domain name specialist said key figures for 2020 including revenue growth of 121% to US$241.2mln and a rise in adjusted earnings (EBITDA) to US$30.6mln from US$17.9mln have been confirmed in its annual report, adding that the auditing process had resulted in an improved operation cashflow to US$22.7mln from US$20mln.

READ: CentralNic inks deal with UK non-profit to support critical domain infrastructure

The firm also said its annual report includes a more comprehensive presentation of the manifold environmental, social governance (ESG) initiatives at the group including streamlined energy and carbon reporting as well as its DomainTrust intelligence platform, which is designed to provide registries, registrars and cyber protection agencies with high-quality data on suspected malicious and criminal web domains.

“CentralNic’s results for 2020 evidence the resilience of the group’s businesses, even in the face of the [coronavirus] economic crisis. As we scale up rapidly, the underlying qualities of high recurring revenues and high cash conversion, calculated at 115% on an adjusted basis in FY20, become increasingly meaningful. The Board takes into account environmental, social and governance (ESG) issues raised by stakeholders in its decision-making process”, CentralNic chief executive Ben Crawford said in a statement.

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