Interxion (INXN) Reports Q4 EPS of EUR0.11

Interxion (NYSE: INXN) reported Q4 EPS of EUR0.11, versus EUR0.14 reported last year. Revenue for the quarter came in at EUR146.9 million, versus EUR129.88 million reported last year.

• Revenue for the fourth quarter and full year increased by 13% and 15% to €146.9 million and €561.8 million, respectively (4Q 2017: €129.9 million; FY 2017: €489.3 million).
• Recurring revenue1 for the fourth quarter and full year increased by 13% and 15% to €139.7 million and €533.1 million, respectively (4Q 2017: €123.4 million; FY 2017: €462.5 million).
• Net income for the fourth quarter and full year decreased by 18% and 20% to €8.0 million and €31.1 million, respectively (4Q 2017: €9.7 million; FY 2017: €39.1 million).
• Adjusted net income2 for the fourth quarter decreased by 26% to €7.8 million (4Q 2017: €10.6 million) and was flat for the full year compared to the prior year at €40.2 million.
• Diluted earnings per share for the fourth quarter and full year were €0.11 and €0.43, respectively (4Q 2017: €0.14; FY 2017: €0.55).
• Adjusted diluted earnings2 per share for the fourth quarter and full year were €0.11 and €0.56, respectively (4Q 2017: €0.15; FY 2017: €0.56).
• Adjusted EBITDA2 for the fourth quarter and full year increased by 15% and 17% to €67.7 million and €257.8 million, respectively (4Q 2017: €59.1 million; FY 2017: €221.0 million).
• Adjusted EBITDA margin for the fourth quarter and full year was 46.1% and 45.9%, up 60 basis points and up 70 basis points, respectively (4Q 2017: 45.5%; FY 2017: 45.2%).
• Capital expenditures, including intangible assets3, were €131.3 million in the fourth quarter and €451.2 million for full year (4Q 2017: €69.7 million; FY 2017: €256.0 million).

"Our highly-connected data centres continue to attract strong demand from all customer segments, resulting in solid booking trends across our European footprint," said David Ruberg, Interxion’s Chief Executive Officer. "The underlying drivers of this growth are secular in nature, reflecting the widespread adoption of digital technologies by consumers and enterprises alike. The cloud and content platforms continue to lead the way, which in turn, require larger infrastructure capacities for core and edge deployments. We are still in the early stages of this transformation and believe there is a substantial opportunity ahead of us."

GUIDANCE:

Interxion sees FY2019 revenue of EUR632-647 million.

For earnings history and earnings-related data on Interxion (INXN) click here.

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