Half year report 2011

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In this report

Operational review

with Michael Tobin

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  • TelecityGroup continues to generate strong returns on the capital that it invests in expansion
  • TelecityGroup has an unrivalled multi-year announced capacity expansion programme in Europe
  • The acquisition of Data Electronics gives TelecityGroup a market leadership position in the Republic of Ireland

Financial review

with Brian McArthur-Muscroft

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  • Revenues up 19.8% to £112.2m
  • EBITDA up 30.5% to £49.4m
  • Adjusted diluted EPS up 27.3% to 11.2p
  • Operating free cash flow increased to £41.2m, resulting from increased EBITDA, enhanced by efficent working capital management

Quick read

The European market continues to experience strong growth

TelecityGroup has won significant new orders during the first half of 2011, adding to its recurring revenue base. The Group has a solid order book pipeline.

In addition, the acquisition of Data Electronics give TelecityGroup a market leadership position in the Republic of Ireland, expanding the geographic footprint in which the Group can grow.