CentralNic has provided a trading update confirming that trading for the year to December 2016 was in line with market expectations. Revenue increased by over 110% to £22.1m (Zeus £22.3m), with recurring/subscription revenues increasing to c.80% of overall revenues, from 67% in FY15. Adj. EBITDA increased by over 65% to £5.5m (Zeus £5.7m), while the company ended the year with £7.3m net cash (Zeus £7.0m). Trading so far in the new year is in line with expec
07 Mar 2017
Trading update: FY16 in line, continuing to execute on growth strategy
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Trading update: FY16 in line, continuing to execute on growth strategy
Team Internet Group plc (TIG:LON) | 139 0.3 0.1% | Mkt Cap: 361.4m
- Published:
07 Mar 2017 -
Author:
Bob Liao, CFA -
Pages:
5
CentralNic has provided a trading update confirming that trading for the year to December 2016 was in line with market expectations. Revenue increased by over 110% to £22.1m (Zeus £22.3m), with recurring/subscription revenues increasing to c.80% of overall revenues, from 67% in FY15. Adj. EBITDA increased by over 65% to £5.5m (Zeus £5.7m), while the company ended the year with £7.3m net cash (Zeus £7.0m). Trading so far in the new year is in line with expec