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Telecity Group says trading continues to be strong and pricing ‘robust’


European network data centre company, Telecity Group (LSE: TCY) said in an interim management statement covering the period from 1 January 2009 to 5 May 2009, that it continued to see strong trading and ‘robust’ pricing.  

The FTSE 250 constituent expects to add 13 MW of additional customer power in 2009, an increase of 30%, as it continues with its fully funded expansion programme to meet customer demand.  Overall, Telecity said that trading remained strong across all of its markets, with revenue growth ahead of management’s previous expectations.  The strong revenue growth is boosting gains in operating profit, it said.

Michael Tobin, CEO of TelecityGroup, commented:

'I am very pleased with TelecityGroup's performance during the first months of 2009. Our position at the heart of the digital economy in Europe is enabling us to deliver strong growth. Individuals and organisations are making ever greater use of the internet for entertainment, information, social interaction, business transactions and efficiency savings. These structural trends are driving constantly increasing demand for our premium data centre capacity, as organisations seek to house their mission-critical IT and internet infrastructure in highly connected and resilient environments. I am confident that the momentum in our business will persist and that TelecityGroup will continue to deliver strong growth in revenue, operating profit, earnings per share and cash flows.'

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