CentralnNic have released a positive trading update this morning, confirming trading for 2019 to be in line with expectations. We update forecasts to reflect the successful completion of the acquisition of Team Internet. We reduce our assumptions regarding the contribution of Team Internet to the forecast period compared to November reflecting a lower EBITDA run rate reported in Matomy Media’s Q3 update in December. We also review our FX assumptions, taking a slightly more conservative

05 Feb 2020
Updating forecasts

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Updating forecasts
Team Internet Group plc (TIG:LON) | 67.7 1.5 3.4% | Mkt Cap: 166.7m
- Published:
05 Feb 2020 -
Author:
Bob Liao, CFA -
Pages:
7 -
CentralnNic have released a positive trading update this morning, confirming trading for 2019 to be in line with expectations. We update forecasts to reflect the successful completion of the acquisition of Team Internet. We reduce our assumptions regarding the contribution of Team Internet to the forecast period compared to November reflecting a lower EBITDA run rate reported in Matomy Media’s Q3 update in December. We also review our FX assumptions, taking a slightly more conservative