CentralNic Group PLC (AIM:CNIC) told investors that organic growth further accelerated during the fourth quarter of 2021, following the company’s significant investment programme.
The company, in a statement, highlighted year-on-year organic revenue growth of 37% for the twelve months ended December 31.
It said it expects to report US$410mln of revenue for the year with earnings (adjusted EBITDA) expected at US$45mln – which would be some 5% ahead of consensus, it added. Such a result represents a 70% and 47% gain respectively compared to 2020’s results.
"CentralNic's growth has continued its acceleration during the last quarter of the year,” said chief executive Ben Crawford. “The company has comfortably exceeded the high end of market expectations for the year, which had already been revised upwards repeatedly over the course of the year."
The company is due to release its full year financial results statement on February 28.