Monday, February 13, 2012

TeleCity Group delivers a strong year

Read the whole article at Telecom Ramblings:

>>Telecity Group (LON:TCY, news, filings), one of Europe’s leading network-neutral data center providers, today announced its results for 2011 and issued a positive outlook for 2012. Some highlights:
  • Total revenues in 2011 were £ 239.8 million (approximately $ 378 million), a 22% increase on the previous year (£ 196.4 million);
  • Adjusted EBITDA reached £ 106.2 million (approximately $ 167.5 million), up 27% from 2010 (£83.4 million);
  • Adjusted EBITDA margins reached 44.3%, compared to 42.5% in 2010;
  • Adjusted profit, before tax, reached £ 67 million (approximately $ 105.6 million), an increase of 26% compared to last year’s £ 53 million adjusted profit.

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