Cash went to $86.9 million like a March 31, 2022 from $55.6 million like a December 31, 2021while net debt decreased to c.$65 million like a March 31, 2022 dec.$75 million like a December 31, 2021. The adjusted operating cash conversion continued to be above 100%.
While the Directors are aware of the current global macro-economic environment, they are now confident that the Group will significantly exceed the latest market expectations for the year.
Ben CrawfordCEO of CentralNic, said: “CentralNic had a strong start to the year with organic year-over-year growth now reaching a record 51%, gaining market share in a growing market. 3 strategic acquisitions during the period, including VGL, our largest acquisition to date, financed by an oversubscribed equity placement and a bond issue.
The company will present at MelloMonday at 6.30pm BST this evening. Investors can register at: https://www.tickettailor.com/events/melloeventslimited/674618
About CentralNic Group plc
CentralNic (AIM: CNIC) is a London Stock Exchange-listed global technology company that drives the growth of the global digital economy by providing businesses around the world with tools to build their online presence, win customers and generate revenue. income online. The company complements its organic growth with targeted acquisitions of cash-generating businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them to CentralNic software and operating platforms. CentralNic operates globally with customers in almost every country in the world. It derives recurring revenue from worldwide sales of online presence and online marketing services on a subscription or pay-as-you-go basis. For more information, please visit: www.centralnicgroup.com
For more information, please contact CentralNic Group at [email protected]
SOURCE CentralNic Group