SK-NIC AS
Domain registration in Slovakia.
| Date | Investors | Amount | Round |
|---|---|---|---|
€26.0m Valuation: €26.0m 7.0x EV/Revenue -117.2x EV/EBITDA | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 3 % | (11 %) | (6 %) | 4 % | 5 % | 5 % | 6 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 24 % | (6 %) | 68 % | 58 % | 60 % | 51 % | 46 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 22 % | (2 %) | (56 %) | (48 %) | (45 %) | (36 %) | (26 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 24 % | - | 86 % | 83 % | 79 % | - | - |
Source: Company filings or news article
SK-NIC a.s. operates as the central registry for the .SK country code top-level domain, a critical function within Slovakia's internet infrastructure. The company was founded in 1993, and its primary responsibility is the administration and technical operation of the national domain registry. This involves managing the registration, renewal, and transfer of .SK domain names for a diverse client base, which includes individuals, businesses of all sizes, and public institutions.
The organization generates revenue through fees associated with domain name services. Its business model is predicated on the volume of registered domains and the associated services it provides to accredited registrars. These registrars act as intermediaries, offering .SK domain registration to end-users, while SK-NIC maintains the authoritative database and ensures the stability and security of the .SK domain space.
In a significant development for the Slovak digital ecosystem, the state, represented by the Office of the Deputy Prime Minister for Investment and Informatization (now the Ministry of Investment, Regional Development and Informatization), became the sole shareholder of SK-NIC a.s. in 2018. This transition was facilitated through a memorandum of cooperation with the international company CentralNic Group plc, which had previously acquired the original operator. The acquisition aimed to give the Slovak Republic direct control over its national domain, with a renewed focus on transparency and community involvement. A key milestone in this new chapter was the establishment of the 'Commission for .SK Domain Administration', an advisory body composed of representatives from the internet community, state, and the registrar itself, to guide the strategic direction of the .SK domain.
Under state ownership, SK-NIC has prioritized enhancing the security and accessibility of the .SK domain. The company has focused on improving the rules for domain registration and dispute resolution, aiming to create a more secure and trustworthy online environment for Slovak users. Furthermore, a portion of the revenue generated from domain fees is allocated to the SK-NIC Fund, which supports various projects aimed at promoting digital literacy, internet security, and the overall development of the digital economy in Slovakia. Keywords: domain registry, .SK domain, internet infrastructure, domain name system, ccTLD, Slovak internet, domain registration, national domain, public-private partnership, digital ecosystem