CentralNic Group (LON:CNIC) Q1 revenue, Adjusted EBITDA, cash and net debt were all in line with the Q1 trading update in April and the company outlook indicates this is continuing into Q2. We expect growth in the remainder of the year to be boosted by its new partnership with Bing, new margin enhancing products and geographic expansion. We also see margins expanding as revenues continue growing whilst expenses remain steady. We upgrade our revenue forecasts based on a strong Q1 but conservatively keep our Adjusted EBITDA estimates unchanged.
CentralNic Group Broadening growth drivers
- Written by: Giles
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