Interxion (INXN) Reports Q1 EPS of EUR0.10

Interxion (NYSE: INXN) reported Q1 EPS of EUR0.10, versus EUR0.17 reported last year. Revenue for the quarter came in at EUR151.5 million, versus EUR133.8 thousand reported last year.

• Revenue increased by 13% to €151.5 million (1Q 2018: €133.8 million).
• Recurring revenue1 increased by 14% to €145.3 million (1Q 2018: €127.0 million).
• Net income decreased by 28% to €8.4 million (1Q 2018: €11.7 million).
• Adjusted net income2 decreased by 41% to €7.0 million (1Q 2018: €11.9 million).
• Diluted earnings per share decreased by 28% to €0.12 (1Q 2018: €0.16).
• Adjusted diluted earnings per share2 decreased by 41% to €0.10 (1Q 2018: €0.17).
• Adjusted EBITDA2 increased by 27% to €77.3 million (1Q 2018: €60.9 million).
• Adjusted EBITDA margin increased to 51.0% (1Q 2018: 45.5%).
• Adjusted EBITDA excluding the impact of IFRS 162 increased by 14% to €69.3 million (1Q 2018: €60.9 million) and Adjusted EBITDA margin excluding the impact of IFRS 16 increased to 45.7% (1Q 2018: 45.5%).
• Capital expenditures, including intangible assets3, were €144.1 million (1Q 2018: €96.2 million).

“Interxion continues to experience strong demand in Europe, with the cloud and content platforms continuing to expand across our pan-European footprint, driving 14% recurring revenue growth in the first quarter and providing support for our ongoing expansion program,” said David Ruberg, Interxion’s Chief Executive Officer. “Interxion’s highly-connected data centres and value-enhancing communities of interest continue to attract mission-critical and latency sensitive applications, contributing to sustainable attractive returns for our shareholders.”

GUIDANCE:

Interxion sees FY2019 revenue of EUR632-647 million, versus the consensus of EUR717.92 million.

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

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