CentralNic has continued to trade strongly, both during lockdown and afterwards. Benefiting from its FY20 investment programme, the company delivered 9% organic growth in FY20, 16% in Q121 and now 25% organic growth in Q221, with contributions from all business lines. As a result, management expects to deliver revenue for the year ‘well ahead’ of market expectations, with profits ‘in line’ with consensus. As investment normalises, management expects future periods (we interpret this to mean FY22 ....
27 Jul 2021
CentralNic Group - Sustained growth, benign outlook
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CentralNic Group - Sustained growth, benign outlook
Team Internet Group plc (TIG:LON) | 139 -0.3 (-0.1%) | Mkt Cap: 359.3m
- Published:
27 Jul 2021 -
Author:
Richard Williamson -
Pages:
2
CentralNic has continued to trade strongly, both during lockdown and afterwards. Benefiting from its FY20 investment programme, the company delivered 9% organic growth in FY20, 16% in Q121 and now 25% organic growth in Q221, with contributions from all business lines. As a result, management expects to deliver revenue for the year ‘well ahead’ of market expectations, with profits ‘in line’ with consensus. As investment normalises, management expects future periods (we interpret this to mean FY22 ....