Telecity makes 'excellent' start to 2008
Data centre operator Telecity said it has made an excellent start to the year with net order intake value for the first four months 87% ahead of the level achieved last year.
Year-on-year utilisation levels have continued to improve, driven by strong demand from both new and existing customers.
The group said it continues to achieve firm pricing in all of its geographical markets and, as a result, average revenue per occupied square metre continues to improve. These dynamics have continued to drive the growth in revenues and EBITDA, it added.
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"The internet economy that we serve is buoyant, sales are ahead of plan, and pricing continues to be firm. Our new builds are opening on time and are generating significant customer interest," said chief executive Michael Tobin.
"The great start to 2008 and the substantial order pipeline across all markets, including our new state-of-the-art new data centres in Amsterdam and London, give me great confidence in the prospects for the future growth of the business," he added.
