Summary
Revenue up 15.1% to £325.6m (2012: £283.0m)
Adjusted EBITDA up 18.4% to £153.2m (2012: £129.5m)
Adjusted EBITDA margin up 130bps to 47.1% (2012: 45.8%)
Adjusted EBITA up 18.0% to £107.5m (2012: £91.0m)
Adjusted diluted earnings per share up 17.7% to 36.5p (2012: 31.0p)
European growth platform enhanced with new market leading positions established in Istanbul, Sofia and Warsaw
Available customer power up 14.4% to 98.8MW (2012: 86.4MW)
Announced customer power up 13.7% to 153.1MW (2012: 134.7MW)
Final dividend up 40.0% to 7.0p per share proposed (2012: 5.0p), taking total 2013 dividend payment to 10.5p (2012: 7.5p)
Positive 2014 earnings outlook confirmed, with a strong ongoing focus on capital discipline
Michael Tobin, TelecityGroup CEO, said:
"TelecityGroup made good progress in 2013, with successful entry into three new markets and the delivery of a solid set of results. On an organic basis we opened new capacity across Europe, typically around existing sites, where connectivity is high and we have growing demand from ecosystems of interconnected customers. We have also enhanced our offerings, in particular with our new Cloud-IX platform which ensures we extend our position at the core of the digital economy in Europe.
Through the acquisitions of SadeceHosting in Istanbul, 3DC in Sofia and PLIX in Warsaw, we have extended our growth platform, with leading positions in markets that promise strong demand growth due to their growing domestic digital economies and geographic locations, which make them natural regional internet hubs.
We look forward to capitalising on the opportunities 2014 offers. We will continue to grow the company, with a strong focus on value creation through profitable growth, disciplined capital allocation and returns to shareholders. Following a rigorous search, we have a shortlist of strong candidates for the position of Chief Financial Officer. We look forward to updating you in the coming weeks."
