Leading colocation provider delivers above expectation on growth
LONDON, UK, May 2007 – Telehouse Europe, one of Europe’s leading suppliers of secure data centre and colocation facilities, has announced its financial results for the year ended 31st December 2006. Turnover for the year topped £42.9 million, representing an increase of 14% on the previous year, while overhead costs only increased by 7% overall. Operating profit was £11.9 million, a 28% increase over 2005.
Commenting on its financial results, Telehouse Europe financial director, Barney Bannington, said:
“The results for the year were above expectation, with solid sales growth over the year. We have continued to invest in our sites in London and Paris enabling us to provide increasingly higher levels of specification for our Customers.”
Telehouse has demonstrated increasing profitability every year since 1995 from its principal sites in London and Paris. The company has continued to focus on the development and upgrade of its core facilities to meet the ever-increasing customer demand for resilient power and cooling. The data centre industry is a large user of power and this clearly has an impact on the environment and although independent benchmarking shows that Telehouse is more energy efficient than many of its industry counterparts, Telehouse will continue to pursue innovative ways of reducing overall power consumption without impacting customer services. Limiting the carbon footprint is high on its agenda for the year ahead and beyond. The company will continue to extend and share its knowledge and expertise with customers and help them operate energy efficient data centre strategies.
Last year also saw the company achieve ISO 27001 certification (Information Security) and ISO 9001 (Quality Management) across all its sites in both the UK and France, making Telehouse the first company in its sector to achieve both these standards.
“Overall, we have experienced a very positive year which puts us in a financially robust position to meet the ongoing challenges within the industry. I am confident we will continue to achieve strong growth for our investors, as well as delivering the depth and breadth of services our customers expect of us,”
concluded Mr Bannington.
| 5 Year Summary | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|
| £’000 | £’000 | £’000 | £’000 | £’000 | |
| Profit and Loss Account | |||||
| Turnover | 42,904 | 37,585 | 36,021 | 33,484 | 33,197 |
| Gross Profit | 39,172 | 34,877 | 33,425 | 31,183 | 30,894 |
| Operating Profit | 11,895 | 9,301 | 7,228 | -53 | 2,982 |
| Operating profit/sales ratio | 28% | 25% | 20% | 0% | 9% |
| Balance Sheet | |||||
| Net debt | 37,245 | 43,950 | 56,451 | 43,230 | 41,431 |
| Capital and reserves | 54,037 | 48,665 | 43,305 | 39,937 | 66,669 |
| Net dept to equity ratio | 68.9% | 90.3% | 11.6% | 99.8% | 103.7% |
| Cash Flow | |||||
| Net cash flow from operating activities | 18,112 | 20,558 | 15,327 | 4,596 | 6,572 |
| Capital expenditure
|
7,297 | 5,690 | 22,987 | 3,699 | 11,949 |
| Servicing of finance less receivables | 2,207 | 2,540 | 2,895 | 1,888 | 1,809 |
| Repayment/(Increase) of debt | 8,850 | 8,511 | (13,615) | (2,564) | (8,957) |
For further information please contact:
Mark Dennis/Christine Wilkie
Firefly Communications
T: +44 (0)20 7386 1409
E: [email protected]