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CentralNic Group PLC on Monday said it expects revenue and adjusted earnings to grow in 2022, weathering macroeconomic challenges.
In the nine months to September 30, the London-based online services provider expects revenue of about $525 million, up from $282.0 million a year ago.
Further, it anticipates nine-month adjusted earnings before interest, tax, depreciation and amortisation of at least $61 million, jumping 89% from $32.3 million.
CentralNic shares rose 5.9% to 127.04 pence each in London on Monday afternoon.
Year-on-year organic growth for trailing 12 months ended September 30 is set to be about 66%, surging from a 29% growth between September 2020 and September 2021. The firm said that as of September 30, its cash was at $83 million, a 48% increase from $56 million at December 31, 2021.
For 2022, the company expects annual outturn to exceed analyst consensus of $626.6 million. ‘While the directors remain cognisant of the current global macro-economic environment, they now have confidence that the group will materially exceed the current market expectations for the full year,’ the firm said.
The firm will release its nine-month results on November 22.
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