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Interxion Reports Second Quarter 2012 Results

Interxion Holding NV (NYSE: INXN), a leading European provider of carrier-neutral colocation data centre services, announced its results today for the three months ended 30 June 2012.

  • Revenue for the quarter increased by 13% to €68.0 million (Q2 2011: €60.0 million)
  • Adjusted EBITDA for the quarter increased by 19% to €27.8 million (Q2 2011: €23.3 million)
  • Adjusted EBITDA margin for the quarter increased to 40.8% (Q2 2011: 38.9%)
  • Net profit increased by 67% to €8.7 million (Q2 2011: €5.2 million)
  • Capital expenditure, including intangible assets, was €42.6 million

“Interxion continued its strong execution in the second quarter, delivering financial results that were consistent with our expectations,” said Interxion Chief Executive Officer, David Ruberg. “We continue to see broad-based customer demand for our high quality, connectivity driven data centres, and we are pleased to have announced the opening of the initial phases of new data centres in the London and Paris markets.”

Quarterly Review

Revenue for the second quarter of 2012 was €68.0 million, a 13% increase over the second quarter of 2011 and a 3% increase over the first quarter of 2012. Recurring revenue was €62.9 million, a 12% increase over the second quarter of 2011 and a 1% increase over the first quarter of 2012. Recurring revenue was 92% of total revenue.

Cost of sales for the second quarter increased by 11% to €28.2 million, compared with the second quarter of 2011. Gross profit margin increased to 58.5%, compared with 57.5% in the same quarter of 2011. Sales and marketing costs in the second quarter were €4.7 million, up 2% compared with the same quarter in the previous year. General and administrative costs, excluding depreciation, amortisation, impairments, increase in provision for onerous lease contracts, and share-based payments, were €7.3 million, an increase of 11% compared with the second quarter of 2011. Depreciation, amortisation, and impairments increased by 7%, compared with the previous-year second quarter, to €10.2 million.

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