Annual report and accounts 2010

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Overview (click to expand)

Financial highlights

  • Revenue up 15.9% to £196.4m (2009: £169.4m), with constant currency revenue growth of 17.7%
  • Adjusted(1) EBITDA(2) up 30.5% to £83.4m (2009: £63.9m)
  • Adjusted(1) EBITDA margin up to 42.5% (2009: 37.7%)
Adjusted profit after tax
  1. Adjusted to exclude exceptional items (note 11) and other financing items (note 9). A reconciliation between the adjusted and unadjusted figures is contained in note 14.
  2. Earnings before interest, taxation, depreciation and amortisation.
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About our business

TelecityGroup operates highly connected data centres in key European cities.

These data centres are the places where the separate networks that make up the internet meet. Our data centres provide resilient power feeds, cooling and security so that our customers' IT and telecoms equipment can run without interruption.

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Business review

Total fitted out space and Revenue per occupied sq.m

"Demand for TelecityGroup's premium data centres remained solid across all out markets."

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Committed to operating responsibly

During 2010 the Group continued to make solid progress on its CSR priorities and achieved the vast majority of objectives set in 2009.

Key achievements include:

  • Maintained listing in the FTSE4Good Index
  • Achieved the Carbon Trust Standard
  • The EU Code of Conduct adopted by all 23 existing sites across Europe
  • Significant investment in energy efficiency projects across all sites
FTSE4Good

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Quick read

A year of continued investment and achievement

Excellent growth in revenue, operating profit and cash flow from operating activities

107.7% growth in EPS to 16.2p

Two new data centres opened

Total of 13MW capacity added

Strong progress on delivering our CSR priorities