The European datacentre company Interxion has announced its results for the three months ended 30 September 2015.
Third Quarter 2015 Results:
Financial Highlights include: Revenue increased by 13% to €98.0 million (3Q 2014: €86.4 million); Adjusted EBITDA1 increased by 17% to €43.7 million (3Q 2014: €37.3 million); Adjusted EBITDA margin increased to 44.6% (3Q 2014: 43.1%); Net profit increased to €10.4 million (3Q 2014: €9.0 million); Adjusted net profit1 increased to €8.7 million (3Q 2014: €8.0 million) and Capital Expenditures, including intangible assets2, were €35.3 million (3Q 2014: €57.0 million).
Operating Highlights include: Equipped Space increased by 1,900 sq m to 100,200.sq m: Revenue Generating Space increased by 900 sq m to 78,000 sq m: Utilisation Rate at the end of the quarter was 78%; Expansion projects in Madrid and Marseille completed during the quarter and Announced on 3 November, the build of new datacentres in Amsterdam (AMS8), Copenhagen (CPH2), and Dublin (DUB3) and the further expansion in Frankfurt (FRA10).
“Interxion posted very solid results in the third quarter, reflecting the Company’s continued focus on financial discipline and operational execution,” said David Ruberg, Interxion’s Chief Executive Officer. “As the cloud roll out across Europe gains momentum, Interxion continues to deliver value to customers and strong returns for our shareholders through a differentiated service offering and the creation of complementary Communities of Interest, combined with disciplined capital allocation.”
Planned European Expansion:
Interxion has also announced an expansion programme across for European cities which will see new datacentres will be built in Amsterdam, Dublin and Copenhagen, and two expansion phases will be built in Frankfurt. When fully built, the three new data centres will have a maximum capacity of approximately 11,900 sq m. The additional capacity from the four city expansion is approximately 6,800 sq m and is scheduled to become operational in the second half of 2016.
“Interxion continues to experience solid demand for its highly connected and multi-cloud data centre capacity across key markets in Europe,” said David Ruberg, Interxion’s Chief Executive Officer. “We continue to deploy capital to expand capacity in a disciplined manner in response to this demand. As a result, we are today announcing additional capacity in four markets in which there is strong demand for further platform roll outs by cloud providers, and early cloud adoption by enterprises and systems integrators.”
Interxion will expand its facilities in Frankfurt by constructing the final two phases of its FRA10 data centre (FRA10.3 and FRA10.4), each new phase of which will provide approximately 1,200 sq m of equipped space. On completion, FRA10 will have approximately 4,800 sqm of equipped space and access to approximately 10MW of customer-available power. FRA10.3 and FRA10.4 are both scheduled to become available in the fourth quarter of 2016. Previously announced phases, FRA10.1 and FRA10.2, are scheduled to become available in the first and second quarter of 2016, respectively.
In Amsterdam, Interxion will build its eighth data centre (AMS8) which, when fully constructed, will provide approximately 8,000 sq m of equipped space and a total of approximately 15MW of customer-available power. The build will be done in six phases, each of which will provide approximately 1,300 sq m of equipped space. The first two phases are scheduled to open by the fourth quarter of 2016.
Interxion will build its third data centre in Dublin (DUB3). which will provide a total of approximately 2,300 sq m of equipped space in four phases and total customer-available power of approximately 5MW. It will be built on property owned by Interxion and will provide access to nearly 40 carriers and ISPs, as well as the Irish Internet Exchange. The first two phases of DUB3, which will provide a total of approximately 1,200 sq m of equipped space, are scheduled to open in the fourth quarter of 2016. Capital expenditure associated with the first two phases of DUB3 is expected to be approximately €28 million.
Interxion will build its second data centre in Copenhagen (CPH2) which will provide a total of approximately 1,600 sq m of equipped space and a customer-power density of approximately 1.5kW per sqm. CPH2 will be built on land next to CPH1 that is owned by Interxion and it will provide access to more than 40 carriers and ISPs as well as the two Internet exchanges that are based in CPH1. The first phase of CPH2, of approximately 500 sq m, is scheduled to open in the third quarter of 2016. Capital expenditure associated with the first phase of CPH2 is expected to be approximately €4 million.
