Telecity full year earnings power ahead

Data centre operator Telecity posted a robust set of full year results and said it enters 2013 with a strong recurring revenue base.

Data centre operator Telecity posted a robust set of full year results and said it enters 2013 with a strong recurring revenue base.

Adjusted EBITDA rose 22% to £129.5m for the year ended December 31st 2012 while revenue for the period increased 18% to £283m.

Adjusted diluted earnings per share climbed 28.6% to 31p. Adjusted EBITDA margin rose 150bps to 45.8%.

Michael Tobin, TelecityGroup CEO, said: "The group delivered 29% growth in earnings per share and commenced its progressive dividend policy. Furthermore, we increased our available customer power by 27%, with new site openings and major capacity expansion projects across Europe."

"We have entered 2013 with a strong recurring revenue base and available capacity in all of our key locations. I look forward to another strong operating and financial performance in 2013."

A final dividend of 5p per share has been proposed, taking the total 2012 dividend payment to 7.5p.

CJ

Recommended

Too embarrassed to ask: what is short selling?
Too embarrassed to ask

Too embarrassed to ask: what is short selling?

Short sellers are often accused of unfairly driving share prices down to make a quick buck. But short selling is a perfectly legitimate – if risky – t…
26 Jan 2021
Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021