CentralNic Group PLC (LON:CNIC) confirmed strong revenue and earnings for its 2020 financial year and announced plans to release a first-quarter trading update on June 1.
The internet domain name specialist said key figures for 2020 including revenue growth of 121% to US$241.2mln and a rise in adjusted earnings (EBITDA) to US$30.6mln from US$17.9mln have been confirmed in its annual report, adding auditing resulted in improved operational cashflow of US$22.7mln from US$20mln.
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The firm said its annual report includes a more comprehensive presentation of the environmental, social and governance (ESG) initiatives at the group. These include streamlined energy and carbon reporting as well as its DomainTrust intelligence platform, which is designed to provide registries, registrars and cyber protection agencies with high-quality data on suspected malicious and criminal web domains.
"CentralNic's results for 2020 evidence the resilience of the group's businesses, even in the face of the [Coronavirus (COVID-19)] economic crisis. As we scale up rapidly, the underlying qualities of high recurring revenues and high cash conversion, calculated at 115% on an adjusted basis in FY20, become increasingly meaningful. The board takes into account environmental, social and governance (ESG) issues raised by stakeholders in its decision-making process", CentralNic chief executive Ben Crawford said in a statement.