TelecityGroup delivers strong growth and confirms a positive outlook
Telecity Group plc (‘TelecityGroup’, ‘the Group’ or ‘the Company’), Europe’s industry-leading provider of premium carrier-neutral data centres, today announces its results for the six months ended 30 June 2013.
- Revenue up 16.0% to £159.3m (H1 2012: £137.3m)
- Adjusted(1) EBITDA(2) up 17.8% to £73.8m (H1 2012: £62.6m)
- Adjusted EBITDA margin up 70bps to 46.3% (H1 2012: 45.6%)
- Adjusted(1) diluted earnings per share up 10.8% to 17.5p (H1 2012: 15.8p)
- Interim dividend up 40.0% to 3.5p per share (H1 2012: 2.5p)
- Available customer power(2) up 18.4% to 90MW (H1 2012: 76MW)
- 5MW of new announced customer power for Amsterdam and Stockholm
- Total announced customer power(2) up 13.7% to 141MW (H1 2012: 124MW)
- Market-leading position established in Istanbul through the acquisition of SadeceHosting
The above highlights are based on the Group’s adjusted results. A full reconciliation between the adjusted and statutory results is contained in note 5. Where different, the statutory equivalents of the above results are as follows:
- Diluted earnings per share of 16.2p (H1 2012: 15.1p)
- Operating profit: £47.8m (H1 2012: £43.4m)
Michael Tobin, TelecityGroup CEO, said:
“TelecityGroup has made good progress during the first half of 2013. I am delighted with the financial performance of the Group and particularly pleased with our entry into the dynamic Istanbul market. We will continue to develop our key customer relationships and expand across Europe, both on an organic basis and through selective M&A, in response to the growing customer demand that we are seeing. I am confident in the outlook for the Group. I look forward to further strong operating and financial performances in the rest of 2013 and beyond.”
(1) Adjusted to exclude intangible asset amortisation, other financing items and exceptional items (note 5).
(2) A glossary of terms is included in note 19.
For further information please contact:
Investors: Matthew Springett +44 (0)20 7005 6337
Media: James Tyler +44 (0)20 7001 0076
Brunswick: Sarah West/James Olley +44 (0)20 7404 5959
Notes to Editors
Telecity Group plc
TelecityGroup is the leading provider of carrier-neutral data centres in Europe, operating highly-connected facilities in key cities.
These data centres are the places in which the separate networks that make up the internet meet and where bandwidth-intensive applications, content and information are hosted. As such, they are the key network hubs, or enabling environments, of the European digital economy. TelecityGroup’s customers take advantage of the highly-connected facilities to operate, store, share, distribute and access digital media, IT applications and information effectively and efficiently.
Telecity Group plc is listed on the London Stock Exchange (LSE: TCY).
The content of the Telecity Group plc website should not be considered to form a part of or be incorporated into this announcement.
Cautionary note regarding forward-looking statements
This announcement includes statements that are forward-looking in nature. All statements other than statements of historical facts could be deemed to be forward-looking statements. By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific. Accordingly, the actual results, performance or achievements of the Company may be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, due to known and unknown risks, uncertainties and other factors. Except as required by the Listing Rules and applicable law, Telecity Group plc undertakes no obligation to update or change any forward-looking statements to reflect events occurring after the date such statements are published.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States, or any other jurisdiction. The Company's shares have not been registered in any U.S. jurisdiction and, in particular, will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws.