CentralNic has announced the major acquisition of SK-NIC, the manager of the exclusive country code top-level domain for Slovakia, .sk. The deal is for an initial consideration of €21.3m, with deferred cash consideration of up to €4.9m dependent on hitting defined three year growth targets. In unaudited accounts for the first half of 2017, with SK NIC establishing new cost and revenue baselines, it achieved revenue of €1.9m, EBITDA of €1.0m and PBT of €1.1m, all of wh
25 Aug 2017
Major earnings enhancing acquisition boosts recurring revenues, H1 in-line
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Major earnings enhancing acquisition boosts recurring revenues, H1 in-line
Team Internet Group plc (TIG:LON) | 137 -2.7 (-1.4%) | Mkt Cap: 354.6m
- Published:
25 Aug 2017 -
Author:
Bob Liao, CFA -
Pages:
6
CentralNic has announced the major acquisition of SK-NIC, the manager of the exclusive country code top-level domain for Slovakia, .sk. The deal is for an initial consideration of €21.3m, with deferred cash consideration of up to €4.9m dependent on hitting defined three year growth targets. In unaudited accounts for the first half of 2017, with SK NIC establishing new cost and revenue baselines, it achieved revenue of €1.9m, EBITDA of €1.0m and PBT of €1.1m, all of wh