Centralnic Group, a leading internet-platform company, announced on Monday that its performance for the first half of the year has been robust, surpassing its key metrics from the same period last year. The company expects its full-year results to at least meet current market forecasts.
Financial Highlights
For the half year ended June 30, Centralnic Group anticipates gross revenue of at least $396 million, reflecting an 18% increase from the previous year. Additionally, the company expects gross profit to reach at least $91 million, marking an 11% rise, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of at least $44 million, representing a 15% increase.
Year-on-Year Organic Growth
Centralnic Group forecasts a year-on-year organic growth of 31% for the twelve months ended June 30.
Strong Financial Position
As of June 30, the company reported cash reserves of $83 million and net debt of $68 million.
Future Outlook
While Centralnic Group has not provided full-year projections, analysts from FactSet estimate adjusted EBITDA of $94.4 million for the year ending December 31, compared to $86.0 million in 2022. They also forecast revenue of $810.7 million for the year, up from $728.2 million.
Conclusion
Centralnic Group’s strong performance in the first half of 2022 signals a promising outlook for the rest of the year. With impressive financial results and year-on-year growth, the company continues to establish itself as a leader in the internet-platform industry.
