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CentralNic hails acceleration of growth in fourth quarter

CentralNic hails acceleration of growth in fourth quarter

CentralNic Group PLC (AIM:CNIC) (CentralNic Group PLC (AIM:CNIC)) Ben Crawford joins Proactive London to talk about how their fourth quarter of 2021, highlighting year-on-year organic revenue growth of 37% for the twelve months ended December 31.

Crawford reiterates his expectation of $410mln of revenue for the year with earnings (adjusted EBITDA) expected at US$45mln. As he explains, this would represent a 70% and 47% gain respectively compared to 2020’s results.

He says the firm 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.

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