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Financial Results 2010

Financial Results 2010

Interoute's Cloud powers Group to profitability Interoute grows EBITDA 46% in 2010

Interoute's financial results 2010

London, 18 April 2011 – Interoute Communications Ltd, owner operator of Europe’s largest next-generation network, today announced that demand for its Unified ICT enterprise services and its pan European cloud service delivery network led it to its first full year as a net profitable company. Interoute’s top line revenue grew to €295m, a rise of 10% over 2009, while EBITDA grew 46% to €58m. Now Interoute plans to use the cash it is generating to drive more growth through acquisitions, a strategy it quickly put into effect with the acquisition of a managed video conferencing company in the first few months of 2011.

The launch of its Unified ICT offering in 2010 has attracted a growing list of international enterprises looking for more flexibility from their telecoms and computing infrastructure. At the same time, Interoute expanded the range of services it offers International service providers and extended its network into Russia, Turkey and Africa. As a result, Interoute was awarded major outsourcing projects to design, build and manage international networks. 

Commenting on the results, Gareth Williams, Interoute CEO, said, “Today, we are more a technology company than a traditional Telco, which has strongly influenced the development of our “as a service approach.” 2010 was a pivotal year for us, as more and more International enterprises came to us looking for ways to centralise and simplify their ICT infrastructure in order to gain performance and efficiency benefits. The ownership of Europe’s largest cloud service delivery network gives us a huge advantage in supporting organisations that are looking to meet these aims. And, by focusing on improving network performance, increasing flexibility and driving cost efficiencies into the core of our computing and ICT services, we are providing organisations with the competitive edge they need.”

Interoute’s Unified ICT portfolio comprises computing, connectivity and communications. Its Unified Connectivity offering has proven attractive to organisations looking for a scalable, secure and unconstrained connectivity platform on which they can build their voice, computing and data services. One example is the European Space Agency, which chose Interoute to help the ESA create an internal content distribution network to connect its Earth Observation Payload Data Systems across 14 sites in Europe and Canada.

View Interoute's other financial reports