FY16 results show that CentralNic has delivered revenue of £22.1m (+113%), adj. EBITDA of £5.5m (+68%) and adj. PBT of £4.7m (+60%), in line with market expectations as announced at the March trading update. The successful acquisition of Instra in January for £18.6m contributed sales of £10.3m and adj. EBITDA of £2.2m, implying a multiple paid of c.8x, with improved performance expected this year. Recurring/subscription revenues also increased to 81% of ove
09 May 2017
FY16 in line, strategy focussed on acquisitions, driving recurring earnings
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY16 in line, strategy focussed on acquisitions, driving recurring earnings
Team Internet Group plc (TIG:LON) | 141 3.4 1.7% | Mkt Cap: 364.8m
- Published:
09 May 2017 -
Author:
Bob Liao, CFA -
Pages:
10
FY16 results show that CentralNic has delivered revenue of £22.1m (+113%), adj. EBITDA of £5.5m (+68%) and adj. PBT of £4.7m (+60%), in line with market expectations as announced at the March trading update. The successful acquisition of Instra in January for £18.6m contributed sales of £10.3m and adj. EBITDA of £2.2m, implying a multiple paid of c.8x, with improved performance expected this year. Recurring/subscription revenues also increased to 81% of ove