TelecityGroup has confirmed its positive outlook for the full year. Due to a combination of the recurring revenue growth achieved to date in 2010 and the expansion in its operating margins, management is confident that the Group will deliver a 2010 full year performance that is in line with market expectations.
The Group’s financial position remains strong as its operations are highly cash generative. A combination of this cash generation and its 5-year, £220 million debt facility, gives sufficient capital for its announced expansion across Europe.
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