UPDATE: Interxion (INXN) Reports Q3 EPS of EUR0.26 on Revenues of EUR159.4M

Interxion (NYSE: INXN) reported Q3 EPS of EUR0.26, versus EUR0.16 reported last year. Revenue for the quarter came in at EUR159.4 million, versus EUR142.2 million reported last year.

3Q 2019 Financial Highlights

• Revenue increased by 12% to €159.4 million (3Q 2018: €142.2 million).
• Recurring revenue(1) increased by 13% to €152.3 million (3Q 2018: €134.8 million).
• Net income increased by €10.6 million to €21.5 million (3Q 2018: €10.9 million).
• Adjusted net income(1) increased by €8.6 million to €20.2 million (3Q 2018: €11.6 million).
• Diluted earnings per share increased by €0.13 to €0.28 (3Q 2018: €0.15).
• Adjusted diluted earnings per share(1) increased by €0.10 to €0.26 (3Q 2018: €0.16).
• Adjusted EBITDA(1) increased by 26% to €82.7 million (3Q 2018: €65.8 million).
• Adjusted EBITDA margin(1) increased to 51.9% (3Q 2018: 46.3%).
• Capital expenditures, including intangible assets(2), were €150.6 million (3Q 2018: €103.2 million).

3Q 2019 Operating Highlights

• Equipped space(3) increased by 5,000 square metres (“sqm”) during the quarter to 159,800 sqm.
• Revenue generating space(4) increased by 1,100 sqm during the quarter to 122,700 sqm.
• Utilisation rate(5) at the end of the quarter was 77%.
• During the third quarter, Interxion completed the following capacity additions:
  • 2,600 sqm in Frankfurt;
  • 1,200 sqm in Marseille;
  • 700 sqm in Madrid;
  • 600 sqm in Copenhagen;
  • 200 sqm in Vienna; and
  • 100 sqm in Zurich.
• Closed 500 sqm satellite data centre that came with the Science Park acquisition that was completed in 2017.

“Interxion posted solid results for the third quarter led by 13% recurring revenue growth and strong margins. Favourable demand trends for colocation reflect ongoing migration towards cloud and digital content platforms by enterprises and consumers,” said David Ruberg, Interxion’s Chief Executive Officer. “The platform providers continue to expand their presence in Europe and seek line of sight to substantial future capacity, which we are well placed to deliver at our highly-connected campuses in key cities across Europe.”

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

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