Telecity Group, a Europe provider of premium network-independent data centres, has issued the following Interim Management Statement. Trading in 2010 has remained strong across all of TelecityGroup’s markets. The Group achieved robust double-digit year-on-year revenue growth in the first quarter and has won significant new orders from a broad range of business sectors. Particular strength has been seen in the internet content, connectivity and systems integrator sectors.
TelecityGroup confirms its positive outlook for the full year. TelecityGroup’s financial position remains strong as the Group’s operations are highly cash generative. A combination of this cash generation and its 5-year, £220 million debt capacity, gives TelecityGroup sufficient capital for continued expansion in its European markets in response to strong customer demand.