Welcome!

News Feed Item

Interxion Reports Second Quarter 2014 Results

Interxion Holding NV (NYSE: INXN), a leading European provider of cloud and carrier-neutral colocation data centre services, today announced its results for the three months ended 30 June 2014.

Financial Highlights

  • Revenue increased by 9% to €83.6 million (Q2 2013: €76.5 million).
  • Adjusted EBITDA increased by 10% to €35.9 million (Q2 2013: €32.7 million).
  • Adjusted EBITDA margin increased to 42.9% (Q2 2013: 42.8%).
  • Net profit increased by 26% to €8.3 million (Q2 2013: €6.6 million).
  • Capital expenditure, including intangible assets, was €54.4 million.
  • In the quarter Interxion issued €150.0 million of 6.00% Senior Secured Notes due 2020 at 106.75.
  • We are increasing our capital expenditure guidance for the full year to €200 million - €230 million.

Operating Highlights

  • New data centre opened in Frankfurt and expansion in Amsterdam.
  • Equipped Space increased by 3,100 square metres to 86,000 square metres.
  • Revenue Generating Space increased by 2,900 square metres to 64,300 square metres.
  • Utilisation Rate at the end of the quarter was 75%.
  • Signed an agreement to purchase a data centre in Marseille, France.

“Interxion delivered another quarter of solid operating and financial results, with strong bookings, increasing revenue growth, stable recurring ARPU, and significant additions to both equipped space and revenue generating space,” said Interxion Chief Executive Officer, David Ruberg. “We are optimistic in market trends, and based on our order backlog, we are confident in our execution.”

Quarterly Review

Revenue in the second quarter of 2014 was €83.6 million, a 9% increase over the second quarter of 2013 and a 4% increase over the first quarter of 2014. Recurring revenue was €78.7 million, a 9% increase over the second quarter of 2013 and a 4% increase over the first quarter of 2014.

Cost of sales in the second quarter of 2014 was €34.0 million, a 9% increase over the second quarter of 2013 and a 4% increase over the first quarter of 2014.

Gross profit was €49.6 million in the second quarter of 2014, a 10% increase over the second quarter of 2013 and a 3% increase over the first quarter of 2014. Gross profit margin in the second quarter of 2014 was 59.4%, compared with 59.1% in the second quarter of 2013 and 59.6% in the first quarter of 2014.

Sales and marketing costs in the second quarter of 2014 were €6.2 million, a 13% increase over the second quarter of 2013 and a 6% increase from the first quarter of 2014.

General and administrative costs1 in the second quarter of 2014 were €7.6 million, an 8% increase compared with the second quarter of 2013 and a 1% decrease over the first quarter of 2014. Depreciation and amortisation in the second quarter of 2014 was €14.9 million, a slight decrease compared with the second quarter of 2013 and a 6% increase over the first quarter of 2014.

Net financing costs in the second quarter of 2014 were €7.5 million, a 2% increase compared with the second quarter of 2013 and a 39% increase over the first quarter of 2014. During the second quarter of 2014, Interxion issued €150 million of 6.00% Senior Secured Notes due 2020 at 106.75.

Income tax expense was €3.9 million in the second quarter of 2014, a 25% increase over the second quarter of 2013 and a 7% decrease from the first quarter of 2014. The underlying effective tax rate for the quarter was 32% compared with 32% in the same period last year.

Net profit was €8.3 million in the second quarter of 2014, a 26% increase over the second quarter 2013 and a 20% decrease over the first quarter of 2014. Earnings per share were €0.12 on a weighted average of 69.8 million diluted shares in the second quarter of 2014. This result compares with earnings per share of €0.10 on a weighted average of 69.4 million diluted shares in the second quarter of 2013, and earnings per share of €0.15 on a weighted average of 69.6 million diluted shares in the first quarter of 2014. Adjusted diluted earnings per share2 for the second quarter of 2014 were €0.11, compared with €0.09 for the second quarter of 2013 and €0.14 for the first quarter of 2014.

Adjusted EBITDA in the second quarter of 2014 was €35.9 million, a 10% increase over the second quarter of 2013 and a 4% increase over the first quarter of 2014. Adjusted EBITDA margin was 42.9%, compared with 42.8% in the second quarter of 2013 and 42.9% in the first quarter of 2014.

Cash generated from operations, defined as cash generated from operating activities before interest and corporate income tax payments and receipts, was €26.9 million in the second quarter of 2014, a 12% increase over the second quarter of 2013 and a 21% decrease over the first quarter of 2014. Capital expenditure, including intangible assets, was €54.4 million in the second quarter of 2014, compared with €28.8 million in the second quarter of 2013 and €57.0 million in the first quarter of 2014.

Cash and cash equivalents were €151.9 million at 30 June 2014, up from €45.7 million at year-end 2013, principally due to the Company adding a further €150.0 million aggregate principal amount of its 6.00% Senior Secured Notes due 2020, issued at 106.75 and resulting in net cash proceeds of €157.9 million, net of estimated offering fees and expenses of €2.3 million. Total borrowings, net of deferred revolving facility financing fees, were €529.6 million at the end of the second quarter of 2014, compared with €362.7 million at the end of 2013. During the quarter the Company terminated its €100 million interim senior secured facility, which it entered into on 14 April 2014, and repaid the €30.0 million balance on its revolving credit facility.

Equipped Space at the end of the second quarter of 2014 was 86,000 square metres, compared with 78,900 square metres at the end of the second quarter of 2013 and 82,900 square metres at the end of the first quarter of 2014.

  • AMS7 (Amsterdam): Phase 2 (1,000 square metres) became operational in 2Q 2014; phase 3 (1,300 square metres) is scheduled for 4Q 2014; phase 4 (1,300 square metres) is scheduled for 1Q 2015; phases 5 and 6 (1,300 square metres each) are scheduled for 2Q 2015.
  • FRA8 (Frankfurt): Phases 1 and 2 (900 square metres each) became operational in the second quarter of 2014; phases 3 and 4 (900 square metres each) are scheduled for 1Q 2015.
  • MRS1 (Marseille): Phases 1 and 2 (500 square metres each) are scheduled for 4Q 2014 and 1Q 2015, respectively.
  • STO3 (Stockholm): 900 square metres are scheduled to open in 4Q 2014.
  • VIE2 (Vienna): Phase 1 (600 square metres) is scheduled to be operational in 4Q 2014; phase 2 is scheduled to open 300 square metres in 1Q 2015 and the remaining 300 square metres in 2Q 2015.

Revenue Generating Space at the end of the second quarter of 2014 was 64,300 square metres, compared with 58,200 square metres at the end of the second quarter of 2013 and 61,400 square metres at the end of the first quarter of 2014. Utilisation Rate, the ratio of Revenue Generating Space to Equipped Space, was 75% at the end of the second quarter of 2014, compared with 74% at the end of the second quarter of 2013 and 74% at the end of the first quarter of 2014.

As recently announced, the Company signed an agreement with Société Française du Radiotéléphone – SFR SA (“SFR”) to purchase their data centre facilities in Marseille, France. The transaction is scheduled to close in the third quarter of 2014. The company has increased its 2014 capex expenditure guidance to accommodate this transaction.

Business Outlook

Interxion today reaffirmed its Revenue and Adjusted EBITDA guidance and increased its capital expenditure guidance for 2014:

 
Revenue €334 million - €344 million
Adjusted EBITDA €145 million - €152 million
Capital expenditure (including intangibles) €200 million - €230 million
 

Conference Call to Discuss Results

The Company will host a conference call today at 8:30am EDT (1:30pm BST and 2:30pm CET) to discuss the results.

To participate on this call, U.S. callers may dial toll free 1-866-966-9439; callers outside the U.S. may dial direct +44 (0) 1452 555 566. The conference ID for this call is 72033118. This event also will be webcast live over the Internet in listen-only mode at investors.interxion.com.

A replay of this call will be available shortly after the call concludes and will be available until 12 August 2014. To access the replay, U.S. callers may dial toll free 1-866-247-4222; callers outside the U.S. may dial direct +44 (0) 1452 550 000. The replay access number is 72033118.

Forward-looking Statements

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 difficulty of reducing operating expenses in the short term, inability to utilise the capacity of newly planned data centres and data centre expansions, significant competition, the cost and supply of electrical power, data centre industry over-capacity, performance under service-level agreements, and other risks described from time to time in Interxion's filings with the Securities and Exchange Commission. Interxion does not assume any obligation to update the forward-looking information contained in this press release.

Use of Non-IFRS Information

EBITDA is defined as operating profit plus depreciation, amortisation and impairment of assets. We define Adjusted EBITDA as EBITDA adjusted to exclude share-based payments, increase/decrease in provision for onerous lease contracts, and income from sub-leases on unused data centre sites. Adjusted EBITDA margin is defined as Adjusted EBITDA as a percentage of revenue. We present EBITDA, Adjusted EBITDA and Adjusted EBITDA margin as additional information because we understand that they are measures used by certain investors and because they are used in our financial covenants in our €100 million revolving facility and €475 million 6.00% Senior Secured Notes due 2020. Other companies, however, may present EBITDA, Adjusted EBITDA and Adjusted EBITDA margin differently than we do. EBITDA, Adjusted EBITDA and Adjusted EBITDA margin are not measures of financial performance under IFRS and should not be considered as an alternative to operating profit or as a measure of liquidity or an alternative to net income as indicators of our operating performance or any other measure of performance derived in accordance with IFRS.

A reconciliation from Net profit to EBITDA and EBITDA to Adjusted EBITDA is provided in the notes to our consolidated income statement included elsewhere in this press release.

Adjusted diluted earnings per share amounts are determined on Adjusted Net Profit. We define Adjusted Net Profit as net profit/loss excluding the impact of the refinancing charges, deferred tax adjustments, Dutch crisis tax, adjustments to onerous leases, capitalised interest, and the related corporate income tax effect. A reconciliation from reported Net Profit to Adjusted Net Profit is included elsewhere in this press release.

Interxion does not provide forward-looking estimates of Net profit, Operating profit, depreciation, amortisation, and impairments, share-based payments, or increase/decrease in provision for onerous lease contracts, and income from sub-leases on unused data centre sites, which it uses to reconcile to Adjusted EBITDA. The Company is, therefore, unable to provide forward-looking reconciling information for Adjusted EBITDA.

About Interxion

Interxion (NYSE: INXN) is a leading provider of cloud and carrier-neutral colocation data centre services in Europe, serving a wide range of customers through 37 data centres in 11 European countries. Interxion’s data centres offer customers extensive security and uptime for their mission-critical applications. With connectivity provided by over 500 connectivity providers and 20 European Internet exchanges across its footprint, Interxion has created cloud, content, finance and connectivity hubs that foster growing customer communities of interest. For more information, please visit www.interxion.com.

1 Excluding depreciation, amortisation, impairments, increase/(decrease) in provision for onerous lease contracts, and share-based payments.

2 Diluted earnings per share adjusted for the impact of the refinancing charges, deferred tax adjustments, Dutch crisis tax, adjustments to onerous leases, capitalised interest, and the related corporate income tax effect.

 
INTERXION HOLDING NV
CONSOLIDATED INCOME STATEMENT
(in €'000 ― except per share data and where stated otherwise)
(unaudited)
       
Three Months Ended Six Months Ended
30 Jun 30 Jun 30 Jun 30 Jun
2014 2013 2014 2013
 
Revenue 83,646 76,527 164,256 150,906
Cost of sales (33,998 ) (31,294 ) (66,576 ) (60,909 )
Gross profit 49,648 45,233 97,680 89,997
Other income 50 70 110 193
Sales and marketing costs (6,215 ) (5,492 ) (12,095 ) (10,987 )
General and administrative costs (23,757 ) (22,751 ) (45,988 ) (45,367 )
       
Operating profit 19,726 17,060 39,707 33,836
Net finance expense (7,488 ) (7,330 ) (12,889 ) (13,781 )
       
Profit before taxation 12,238 9,730 26,818 20,055
Income tax expense (3,916 ) (3,130 ) (8,137 ) (6,485 )
Net profit 8,322   6,600   18,681   13,570  
 
Basic earnings per share: (€) 0.12 0.10 0.27 0.20
Diluted earnings per share: (€) 0.12 0.10 0.27 0.20
 
 
Number of shares outstanding at the end of the period (shares in thousands) 69,029 68,667 69,029 68,667
Weighted average number of shares for Basic EPS (shares in thousands) 68,962 68,533 68,917 68,380
Weighted average number of shares for Diluted EPS (shares in thousands) 69,773 69,375 69,708 69,224
 
 
As at
30 Jun 30 Jun
Capacity metrics 2014 2013
Equipped space (in square meters) 86,000 78,900
Revenue generating space (in square meters) 64,300 58,200
Utilisation rate 75 % 74 %
 
 
INTERXION HOLDING NV
NOTES TO CONSOLIDATED INCOME STATEMENT: SEGMENT INFORMATION
(in €'000 ― except where stated otherwise)
(unaudited)
       
Three Months Ended Six Months Ended
30 Jun 30 Jun 30 Jun 30 Jun
2014 2013 2014 2013

Consolidated

 
Recurring revenue 78,732 72,194 154,603 143,150
Non-recurring revenue 4,914   4,333   9,653   7,756  
Revenue 83,646   76,527   164,256   150,906  
Adjusted EBITDA 35,866   32,731   70,411   64,404  
Gross margin 59.4 % 59.1 % 59.5 % 59.6 %
Adjusted EBITDA margin 42.9 % 42.8 % 42.9 % 42.7 %
 
Total assets 1,105,515 838,198 1,105,515 838,198
Total liabilities 693,538 447,890 693,538 447,890
Capital expenditure, including intangible assets (i) (54,410 ) (28,779 ) (111,415 ) (61,568 )
 

France, Germany, the Netherlands, and the UK

 
Recurring revenue 49,339 45,187 96,979 89,635
Non-recurring revenue 2,871   3,064   6,003   5,202  
Revenue 52,210   48,251   102,982   94,837  
Adjusted EBITDA 27,888   26,037   55,182   51,204  
Gross margin 61.2 % 62.1 % 61.5 % 62.6 %
Adjusted EBITDA margin 53.4 % 54.0 % 53.6 % 54.0 %
 
Total assets 701,196 567,593 701,196 567,593
Total liabilities 144,040 131,080 144,040 131,080
Capital expenditure, including intangible assets (i) (35,581 ) (21,028 ) (79,173 ) (41,721 )
 

Rest of Europe

 
Recurring revenue 29,393 27,007 57,624 53,515
Non-recurring revenue 2,043   1,269   3,650   2,554  
Revenue 31,436   28,276   61,274   56,069  
Adjusted EBITDA 16,633   14,727   32,431   29,191  
Gross margin 62.3 % 61.4 % 62.2 % 61.4 %
Adjusted EBITDA margin 52.9 % 52.1 % 52.9 % 52.1 %
 
Total assets 248,112 203,229 248,112 203,229
Total liabilities 50,891 39,935 50,891 39,935
Capital expenditure, including intangible assets (i) (17,269 ) (7,305 ) (29,952 ) (18,554 )
 

Corporate and other

       
Adjusted EBITDA (8,655 ) (8,033 ) (17,202 ) (15,991 )
 
Total assets 156,207 67,376 156,207 67,376
Total liabilities 498,607 276,875 498,607 276,875
Capital expenditure, including intangible assets (i) (1,560 ) (446 ) (2,290 ) (1,293 )
 
 

(i) Capital expenditure, including intangible assets, represents payments to acquire property, plant and equipment and intangible assets, as recorded in the consolidated statement of cash flows as "Purchase of property, plant and equipment" and "Purchase of intangible assets", respectively.

 

 
INTERXION HOLDING NV
NOTES TO CONSOLIDATED INCOME STATEMENT: ADJUSTED EBITDA RECONCILIATION
(in €'000 ― except where stated otherwise)
(unaudited)
       
Three Months Ended Six Months Ended
30 Jun 30 Jun 30 Jun 30 Jun
2014 2013 2014 2013
 
 

Reconciliation to Adjusted EBITDA

 

Consolidated

 
Net profit 8,322 6,600 18,681 13,570
Income tax expense 3,916   3,130   8,137   6,485  
Profit before taxation 12,238 9,730 26,818 20,055
Net finance expense 7,488   7,330   12,889   13,781  
Operating profit 19,726 17,060 39,707 33,836
Depreciation, amortisation and impairments 14,864   14,916   28,845   28,927  
EBITDA 34,590 31,976 68,552 62,763
Share-based payments 2,131 825 2,774 1,834
Increase/(decrease) in provision for onerous lease contracts (805 ) - (805 ) -
Income from sub-leases on unused data center sites (50 ) (70 ) (110 ) (193 )
Adjusted EBITDA 35,866   32,731   70,411   64,404  
 

France, Germany, the Netherlands, and the UK

 
Operating profit 18,748 16,314 37,032 32,226
Depreciation, amortisation and impairments 9,521   9,784   18,440   18,907  
EBITDA 28,269 26,098 55,472 51,133
Share-based payments 474 9 625 264
Increase/(decrease) in provision for onerous lease contracts (805 ) - (805 ) -
Income from sub-leases on unused data center sites (50 ) (70 ) (110 ) (193 )
Adjusted EBITDA 27,888   26,037   55,182   51,204  
 

Rest of Europe

 
Operating profit 11,833 10,242 23,301 20,417
Depreciation, amortisation and impairments 4,496   4,411   8,776   8,594  
EBITDA 16,329 14,653 32,077 29,011
Share-based payments 304   74   354   180  
Adjusted EBITDA 16,633   14,727   32,431   29,191  
 

Corporate and Other

 
Operating profit/(loss) (10,855 ) (9,496 ) (20,626 ) (18,807 )
Depreciation, amortisation and impairments 847   721   1,629   1,426  
EBITDA (10,008 ) (8,775 ) (18,997 ) (17,381 )
Share-based payments 1,353   742   1,795   1,390  
Adjusted EBITDA (8,655 ) (8,033 ) (17,202 ) (15,991 )
 
   
INTERXION HOLDING NV
CONSOLIDATED BALANCE SHEET
(in €'000 ― except where stated otherwise)
(unaudited)
 
As at
30 Jun 31 Dec
2014 2013
Non-current assets
Property, plant and equipment 789,363 698,748
Intangible assets 18,229 17,878
Deferred tax assets 32,092 34,446
Financial assets 774 774
Other non-current assets 5,278   16,536  
845,736 768,382
Current assets
Trade and other current assets 107,899 96,703
Cash and cash equivalents 151,880   45,690  
259,779   142,393  
Total assets 1,105,515   910,775  
 
Shareholders’ equity
Share capital 6,903 6,887
Share premium 489,238 485,347
Foreign currency translation reserve 8,429 6,757
Hedging reserve, net of tax (125 ) 60
Accumulated deficit (92,468 ) (111,149 )
411,977 387,902
Non-current liabilities
Trade payables and other liabilities 11,537 11,537
Deferred tax liabilities 5,722 4,147
Provision for onerous lease contracts 3,149 4,855
Borrowings 528,390   362,209  
548,798 382,748
Current liabilities
Trade payables and other liabilities 134,488 132,093
Income tax liabilities 4,481 2,229
Provision for onerous lease contracts 3,402 4,020
Borrowings 2,369   1,783  
144,740   140,125  
Total liabilities 693,538   522,873  
Total liabilities and shareholders’ equity 1,105,515   910,775  
 
   
INTERXION HOLDING NV
NOTES TO THE CONSOLIDATED BALANCE SHEET: BORROWINGS
(in €'000 ― except where stated otherwise)
(unaudited)
 
As at
30 Jun 31 Dec
2014 2013
 
 

Borrowings net of cash and cash equivalents

 
Cash and cash equivalents (ii) 151,880   45,690  
 
6.00% Senior Secured Notes due 2020 (iii) 475,811 317,610
Mortgages 32,756 24,257
Financial leases 20,587 20,520
Other borrowings 1,605   1,605  
Borrowings excluding Revolving Facility deferred financing costs 530,759   363,992  
Revolving Facility deferred financing costs (iv) (1,137 ) (1,258 )
Total borrowings 529,622   362,734  
   
Borrowings net of cash and cash equivalents 377,742   317,044  
 
 

(ii) Cash and cash equivalents include €4.2 million as of 30 June 2014 and €4.1 million as of 31 December 2013, which is restricted and held as collateral to support the issuance of bank guarantees on behalf of a number of subsidiary companies.

(iii) €475 million 6.00% Senior Secured Notes due 2020 include a premium on the additional issuance and are shown after deducting underwriting discounts and commissions, offering fees and expenses. On 29 April 2014, the Company completed the issuance of €150.0 million aggregate principal amount of its 6.00% Senior Secured Notes due 2020 (the “Additional Notes”).

(iv) Deferred financing costs of €1.1 million as of 30 June 2014 were incurred in connection with the €100 million revolving facility.
 
       
INTERXION HOLDING NV
CONSOLIDATED STATEMENT OF CASH FLOWS
(in €'000 ― except where stated otherwise)
(unaudited)
 
Three Months Ended Six Months Ended
30 Jun 30 Jun 30 Jun 30 Jun
2014 2013 2014 2013
 
 
Profit for the period 8,322 6,600 18,681 13,570
Depreciation, amortisation and impairments 14,864 14,916 28,845 28,927
Provision for onerous lease contracts (1,635 ) (805 ) (2,454 ) (1,631 )
Share-based payments 2,131 825 2,774 1,834
Net finance expense 7,488 7,330 12,889 13,781
Income tax expense 3,916   3,130   8,137   6,485  
35,086 31,996 68,872 62,966
Movements in trade and other current assets (10,429 ) (2,017 ) (11,229 ) (8,804 )
Movements in trade and other liabilities 2,289   (5,882 ) 3,595   (6,470 )
Cash generated from operations 26,946 24,097 61,238 47,692
Interest and fees paid (v) (1,235 ) (1,140 ) (12,061 ) (11,171 )
Interest received 57 2 124 287
Income tax paid (1,843 ) (1,634 ) (2,201 ) (2,070 )
Net cash flows from operating activities 23,925 21,325 47,100 34,738
Cash flows from investing activities
Purchase of property, plant and equipment (53,634 ) (28,553 ) (110,025 ) (59,473 )
Purchase of intangible assets (776 ) (226 ) (1,390 ) (2,095 )
Net cash flows from investing activities (54,410 ) (28,779 ) (111,415 ) (61,568 )
Cash flows from financing activities
Proceeds from exercised options 1,146 1,132 1,402 2,743
Proceeds from mortgages 9,185 5,703 9,185 15,324
Repayment of mortgages (567 ) - (734 ) -
Proceeds Revolving Facility - - 30,000 -
Repayments Revolving Facility (30,000 ) - (30,000 ) -
Proceeds 6.00% Senior Secured Notes due 2020 158,382 - 158,382 -
Interest received at issue of Additional Notes 2,600 - 2,600 -
Transaction costs related to Senior Secured Facility (371 ) - (371 ) -
Repayment of other borrowings (12 ) (12 ) (23 ) (25 )
Net cash flows from financing activities 140,363 6,823 170,441 18,042
Effect of exchange rate changes on cash 63   (52 ) 64   (61 )
Net movement in cash and cash equivalents 109,941 (683 ) 106,190 (8,849 )
Cash and cash equivalents, beginning of period 41,939   60,526   45,690   68,692  
Cash and cash equivalents, end of period 151,880   59,843   151,880   59,843  
 

(v) Interest paid is reported net of cash interest capitalized, which is reported as part of “Purchase of property, plant and equipment."

       
INTERXION HOLDING NV
NOTES TO CONSOLIDATED INCOME STATEMENT: ADJUSTED NET PROFIT RECONCILIATION
(in € millions ― except per share data and where stated otherwise)
(unaudited)
 
 
Three Months Ended Six Months Ended
30 Jun 30 Jun 30 Jun 30 Jun
2014 2013 2014 2013
 
 
Net profit - as reported 8.3 6.6 18.7 13.6
 
Add back
+ Refinancing charges 0.6   -   0.6   -  
0.6 - 0.6 -
Reverse
- Adjustments to onerous lease (0.8 ) - (0.8 ) -
- Interest capitalised (0.8 ) (0.3 ) (1.6 ) (1.0 )
(1.6 ) (0.3 ) (2.4 ) (1.0 )
 
Tax effect of above add backs & reversals 0.3 0.1 0.5 0.3
       
Adjusted Net profit 7.6   6.4   17.4   12.9  
 
Reported Basic EPS: (€) 0.12 0.10 0.27 0.20
Reported Diluted EPS: (€) 0.12 0.10 0.27 0.20
 
Adjusted Basic EPS: (€) 0.11 0.09 0.25 0.19
Adjusted Diluted EPS: (€) 0.11 0.09 0.25 0.19
 
     
INTERXION HOLDING NV
Status of Announced Expansion Projects as at 6 August 2014
with Target Open Dates in 2014 & 2015
 
 
CAPEX (a, b) Equipped Space (a)
Market   Project   (€million)   (sqm)   Target Opening Dates
 
Amsterdam AMS 7: Phases 1 - 6 New Build 115 7,300 1Q 2014 - 1H 2015 (c)
Brussels BRU 1: Phase 5 Expansion 2 300 1Q 2014 (opened)
Frankfurt FRA 8: Phases 1 - 4 New Build 67 3,600 2Q 2014 - 1H 2015 (d)
Frankfurt FRA 9: New Build 13 800 1Q 2014 (opened)
London LON 1: Expansion 1 100 2Q 2014 (opened)
Marseille MRS 1: Phases 1 - 2 20 1,000 4Q 2014 - 1Q2015(e)
Stockholm STO 2: Phase 2 Expansion 6 500 1Q 2014 (opened)
Stockholm STO 3: New Build 12 900 4Q 2014
Vienna VIE 2: Phases 1 - 2 New Build 25 1,200 4Q 2014 - 1H 2015 (f)
Zurich ZUR 1: Expansion 1 100 2Q 2014 (opened)
Total € 262 16,000
 
 
(a) CAPEX and Equipped Space are approximate and may change. Figures are rounded to nearest 100 sqm unless otherwise noted.
(b) CAPEX reflects the total spend for the projects listed at full power and capacity and the amounts shown in the table above may be invested over the duration of more than one fiscal year.
(c) Phase 1 (1,100 square metres) became operational in 1Q 2014; phase 2 (1,000 square metres) became operational in 2Q 2014; phase 3 (1,300 square metres) is scheduled for 4Q 2014; phase 4 (1,300 square metres) is scheduled for 1Q 2015; phases 5 and 6 (1,300 square metres each) are scheduled for 2Q 2015.
(d) Phases 1 and 2 (900 square metres each) became operational in the second quarter of 2014; phases 3 and 4 (900 square metres each) are scheduled for 1Q 2015.
(e) Phases 1 and 2 (500 square metres each) are scheduled for 4Q 2014 and 1Q 2015, respectively. Marseille costs include the purchase of land buildings, and data centre equipment.
(f) Phase 1 (600 square metres) is scheduled to be operational in 4Q 2014; phase 2 is scheduled to open 300 square metres in 1Q 2015 and the remaining 300 square metres in 2Q 2015.
 

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...