September 6, 2006
IX Europe plc - Interim Results for the six months ended 30 June 2006
IX Europe plc (“IXEurope”, AIM: IXE), one of Europe's largest and fastest growing providers of datacentre services has published interim results for the six months ended 30 June 2006, following its flotation on AIM in April 2006.
- Revenue growth year-on-year 46% to �15.3m (H105: �10.5m)
- Underlying EBITDA* growth year-on-year 111% to �1.83m (H105: �0.87m)
- Net cash from operating activities: �2.1m
- Increased Contracted MRR by �0.7m to �2.7m
- Increased current available net space by 38% to 23,300m2
- Increased total planned and funded net space to 35,400m2
- Increased international footprint from 10 to 14 IXDatacentres in four countries
- Continued signing-up blue-chip customer base
*Reported EBITDA excluding one-off charges for IPO cost and option charges in H106 and exceptional costs in 2005
Guy Willner, Chief Executive of IXEurope said:
"In the first six months of 2006, we have successfully continued our focus on acquiring high quality datacentre capacity to meet strong customer demand and to build the foundation for future growth. Sales have continued strongly, with new signings of blue-chip names and with over 60% of our increased contracted revenues coming from existing customers.
“Our year-on-year growth of 46% in revenue and 111% increase in underlying EBITDA reflects our success in this strategy. Our flotation on AIM in April 2006 has helped the Group to expand its portfolio by adding fast-growing new IXDatacentres to our maturing, cash-generative sites.”
For further details
Guy Willner, Chief Executive
Karen Bach, Chief Financial Officer
0845 373 2935
Adrian Duffield/Corinna Dorward
020 7457 2020
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; the results of any litigation relating to past stock option grants and practices; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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