Interxion Plans 6th Amsterdam Facility, Reports Q3

November 15th, 2011 by · Leave a Comment

European colocation provider InterXion (NYSE:INXN, news) has been making lots of expansion plans for 2012, and added another one today.  They will be building a sixth facility in Amsterdam, featuring 4,000 square meters of space and 10MW of power.  I'm guessing we'll soon be hearing about a seventh too, as they say this one is already 50% filled.  It will cost €60M including the property itself and should be ready by the end of Q4 2012.

Meanwhile, Interxion also reported its third quarter earnings, basically meeting revenue guidance and outperforming with respect to earnings per share.  Guidance for the full year was reaffirmed.  Here's a quick table summarizing their numbers in the context of the past few quarters - now that they have a few under their belt following their US IPO last January:

 in millions of €  Q1/11 Q2/11 Q3/11
- recurring 54.4 56.4 58.2
- non-recurring 3.5 3.6 3.8
Revenue 57.9 60.0 62.0
Earnings Per Share 0.05 0.08 0.10
Adj EBITDA 22.2 23.3 25.0
Adj EBITDA margin 38.3% 38.8% 40.3%
Capital Expenditures 19.1 16.2 53.8
Equipped space (sq.m.) 61,000 61,500 62,200
Utilization Rate 73% 74% 74%

That big capex surge largely reflects the heavy lifting going on for their buildout in Paris, which is due to open in Q2/2012.

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Categories: Datacenter · Financials

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