Telecity increases its 2014 interim dividend by 28.6%

DividendMax Ltd.

Telecity increases its 2014 interim dividend by 28.6%

Highlights

·      Revenue up 9.3% to £174.1m (H1 2013: £159.3m)

·      Organic FX neutral revenue growth of 9.5% (H1 2013: 7.9%)

·      Adjusted EBITDA up 10.7% to £81.6m (H1 2013: £73.8m)

·      Adjusted EBITDA margin up 60bps to 46.9% (H1 2013: 46.3%)

·      Adjusted EBITA margin up 80bps to 33.0% (H1 2013: 32.2%)

·      Adjusted diluted earnings per share up 12.0% to 19.6p (H1 2013: 17.5p)

·      Sold power percentage increased 130bps to 72.4% (H1 2013: 71.1%)

·      ROCE up 30bps to 15.4% (H1 2013: 15.1%)

·      Interim dividend up 28.6% to 4.5p per share (H1 2013: 3.5p)

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