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31 August 2021 Central Nic Group Plc ( AIM : CNIC ) , the global internet platform company that derives revenue from the sales of online presence and marketing services , announces its unaudited financial results for the six months ended 30 June 2021. Both revenue and adjusted EBITDA have significantly increased year - on - year , driven by a combination of underlying organic growth and acquisitions ● Financial summary : Revenue increased by 57 % to USD 174.7m ( H1 2020 : USD 111.3m ) ● Organic revenue growth of 20 % between H1 2020 and H1 2021 , with standout performance from the Online Marketing segment which grew organically by 28 % Net revenue ( gross profit ) increased by 57 % to USD 55.2m ( H1 2020 : USD 35.2m ) Adjusted EBITDA * increased by 36 % to USD 20.5m ( H1 2020 : USD 15.1m ) Operating profit of USD 4.7m ( H1 2020 : USD 2.8m ) Adjusted operating cash conversion of 126 % ( H1 2020 : 75 % ) , driven by EBITDA generation and working capital optimisation Net debt ** down to USD 83.8m ( gross interest - bearing debt of USD 123.3m , cash of USD 39.5m ) as compared to USD 85.0m on 31 December 2020 ( gross interest - bearing debt of USD 113.6m , cash of USD 28.6m ) despite two acquisitions for a combined USD 11.1m in the period , and the settlement of combined deferred consideration of USD 1.7m ● CENTRALNIC GROUP PLC ( " CentralNic " or " the Company " or " the Group " ) Financial highlights : ● Acceleration of organic growth from 9 % in 2020 to 16 % in Q1 2021 to 25 % in Q2 2021 , resulting in 20 % overall for H1 2021 ● Non - recurring revenue products contributed less than 1 % of our total revenues ● Successful bond tap issue of EUR 15m at 104.5 % of nominal value ● Acquisition of SafeBrands ( Direct segment ) in January 2021 and Wando Internet Solutions ( Online Marketing segment ) in February 2021 Final and interim deferred consideration payments made for Team Internet ( Online Marketing segment ) and SafeBrands ( Direct segment ) respectively Currency exposure on EUR 80m of the total EUR 105m bond has been hedged , locking in a EUR / USD rate of 1.1930 UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 ● Operational highlights : Very strong traction for the Group's privacy enabled online marketing technologies in view of a high cadence of privacy conscious decisions of Big Tech Significant investment in management , staff and systems accelerated organic gro to record levels and posi the Group well for continued growth New Data and Al group established in order to improve customer service , optimise business operations and decision making , enhance marketing , reduce customer churn and automate detection of non - compliant customer activity ● Experienced non - executive directors added to the board ● New customer wins for the Registry business include JISC and Dot London Outlook : Post period - end highlights : The EUR 25m balance of the Group's EUR / USD exposure resulting from the EUR 105m bond has been hedged a rate of 1.1765 , taking the average rate on the total EUR 105m of currency exposure to 1.1891 ● Management expects full year revenues and profits to be at least at the upper end of market expectations ● The accelerated organic growth seen during H1 2021 is expected to be sustained following the investment in new management , staff and systems The Company's market consolidation strategy continues , with opportunities being continually assessed in what is a large , globally fragmented and growing market 1