CentralNic’s H1 organic growth has accelerated to 20% in H1 2021 from 9% in 2020, as the Online marketing division goes from strength-to-strength and as the Direct and Indirect divisions benefit from the company’s investments in growth. The company has upgraded its full year profit guidance to “at least at the upper end of market expectations” from “comfortably in line with market expectations”. We raise our 2021 revenue from $348m to $355m and see earnings upgrade potential.
31 Aug 2021
CentralNic Group plc (CNIC LN) - From strength-to-strength
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CentralNic Group plc (CNIC LN) - From strength-to-strength
Team Internet Group plc (TIG:LON) | 140 1.1 0.6% | Mkt Cap: 364.2m
- Published:
31 Aug 2021 -
Author:
Bob Liao, CFA -
Pages:
3
CentralNic’s H1 organic growth has accelerated to 20% in H1 2021 from 9% in 2020, as the Online marketing division goes from strength-to-strength and as the Direct and Indirect divisions benefit from the company’s investments in growth. The company has upgraded its full year profit guidance to “at least at the upper end of market expectations” from “comfortably in line with market expectations”. We raise our 2021 revenue from $348m to $355m and see earnings upgrade potential.