Telecity benefits from growing digital economy

Telecity Group, a data centre operator, has reported a period of 'robust' trading and has confirmed that earnings for the full year will be in line with market estimates.

Telecity Group, a data centre operator, has reported a period of 'robust' trading and has confirmed that earnings for the full year will be in line with market estimates.

Consensus estimates for the full year ending December 31st are for pre-tax profits of £81.66m on revenues of £284.35m. With estimated earnings per share of 30.76p, it is on a forward price earnings ratio of 29.7 for 2012, dropping to 23.6 in 2013.

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