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Interoute 2013 revenue and profit rises as business looks up to the cloud

Interoute grows EBITDA by 16% for the second consecutive year

London, 24 March 2014 – Interoute Communications Ltd, owner operator of Europe’s largest cloud services platform, has announced its EBITDA in 2013 grew to more than €91 million for the year, a 16% increase over the same period in 2012, while Profit before tax increased 225% (on a like for like basis). Top line revenues grew 2% year on year to €417 million in a challenging market. As the European economy has begun to accelerate, Interoute is poised to make the most of the growth opportunities, particularly through its portfolio of Cloud services.

 

In 2013 Interoute built upon the launch of its award winning Cloud solution Interoute Virtual Data Center (VDC) in Q4 2012 to expand its enterprise-grade service. The Company also launched the Interoute CloudStore, an online application marketplace for businesses and added two new Virtual Data Centres in Paris and Berlin. Interoute VDC enables organisations to create highly dynamic, scalable Cloud services, whilst retaining control over where their applications and data are hosted and stored.

 

Interoute’s enterprise Unified ICT services also saw strong growth through 2013 with the company using its pan European integrated network and computing platform to enable enterprises to quickly add ConnectivityComputing and Unified Communications solutions, including VoiceVideo and Conferencing.

 

Gareth Williams, Interoute CEO, commented:  “The European Union is waking up to the fact that ‘it’s better in Europe.’ We are proud to dedicate ourselves to that effort, and to help make the European Union a technology economy ready and able to compete with the likes of the USA and China. Making the Cloud work for Europe is the contribution that Interoute can make.”

 

 

View Interoute's other financial reports