The European datacentre company Interxion has announced its results today for the three months ended 31 March 2015.
Financial Highlights included: Revenue increased by 15% to €92.5 million (1Q 2014: €80.6 million); Adjusted EBITDA increased by 18% to €40.6 million (1Q 2014: €34.5 million); Adjusted EBITDA margin increased to 43.9% (1Q 2014: 42.9%);
M&A transaction costs were €6.9 million before tax; Net profit decreased to €4.4 million (1Q 2014: €10.4 million); Earnings per diluted share were €0.06 (1Q 2014: €0.15). and Capital Expenditures, including intangible assets1, were €67.6 million (1Q 2014: €57.0 million).
Operating Highlights included: Equipped Space increased by 1,300 sq m to 94,800 sq m; Revenue Generating Space increased by 3,000 sq m to 74,000 sq m; Utilisation Rate at the end of the quarter was 78%; Completed Expansion projects in Amsterdam and Vienna and Completed purchase of Vienna campus.
“Interxion delivered a strong financial and operating performance in the first quarter, building on the momentum we saw in 2014,” said David Ruberg, Interxion’s Chief Executive Officer. “We continued to capitalise on strong customer orders and installations, resulting in a 21 percent year-over-year increase in revenue generating space and a utilisation rate of 78 percent, consistent with our disciplined strategy to expand to meet customer needs. The steady improvement across our key performance metrics reflects the underlying strength of our business model, the attractiveness of our communities of interest strategy and our disciplined capital expansion plan. Looking ahead, our expansion plans remain on track, with a number of value-enhancing projects scheduled for completion as we progress through the year.”
Since March, has been in discussion with Interxion regarding a possible merger and in response to the yesterday’s news which has seen global datacentre operator Equinix’s plans for possible approach for Telecity, Interxion released the following statement:
“On 9 March 2015, Interxion and TelecityGroup announced an agreement to implement a recommended all-share merger (the “Merger”) (the “Implementation Agreement”) which was unanimously approved by both boards. Interxion remains committed to the transaction with TelecityGroup on the terms as agreed by the parties, and both parties continue to work to progress the transaction. As announced earlier, the Merger has received clearance by the Federal Cartel Office of Germany, an important milestone in the regulatory approval process. Interxion continues to believe that the pending Merger with TelecityGroup is a strategically compelling combination that delivers meaningful value to Interxion and TelecityGroup shareholders as well as their customers.
Pursuant to the terms of the Implementation Agreement, TelecityGroup’s entrance into discussions with Equinix releases Interxion from its exclusivity obligations with TelecityGroup during the pendency of the discussions.”
