Highlights
Revenue up 16.0% to £159.3m (H1 2012: £137.3m)
Adjusted EBITDA up 17.8% to £73.8m (H1 2012: £62.6m)
Adjusted EBITDA margin up 70bps to 46.3% (H1 2012: 45.6%)
Adjusted diluted earnings per share up 10.8% to 17.5p (H1 2012: 15.8p)
Interim dividend up 40.0% to 3.5p per share (H1 2012: 2.5p)
Available customer power up 18.4% to 90MW (H1 2012: 76MW)
5MW of new announced customer power for Amsterdam and Stockholm
Total announced customer power up 13.7% to 141MW (H1 2012: 124MW)
Market-leading position established in Istanbul through the acquisition of SadeceHosting
Statutory equivalent
The above highlights are based on the Group's adjusted results. A full reconciliation between the adjusted and statutory results is contained in note 5. Where different, the statutory equivalents of the above results are as follows:
Diluted earnings per share of 16.2p (H1 2012: 15.1p)
Operating profit: £47.8m (H1 2012: £43.4m)
Michael Tobin, TelecityGroup CEO, said:
"TelecityGroup has made good progress during the first half of 2013. I am delighted with the financial performance of the Group and particularly pleased with our entry into the dynamic Istanbul market. We will continue to develop our key customer relationships and expand across Europe, both on an organic basis and through selective M&A, in response to the growing customer demand that we are seeing. I am confident in the outlook for the Group. I look forward to further strong operating and financial performances in the rest of 2013 and beyond."
