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Trading statements

Telecity sees FY revenue growth at lower end of guidance

28 October 2015 07:47

Telecity has confirmed that its FY guidance remains valid on the basis of the profit forecast assumptions already stated, with FY2015 revenue growth expected to be towards the lower end of the guided revenue growth range.

Financial highlights for Q3 were:

- Year to date organic currency neutral (OCN) revenue growth of 7.2%, with underlying revenue growth of 9.7%, driven by an improvement in the UK's revenue growth on both an OCN and underlying basis through 2015

- A further improvement in the underlying revenue growth rate in Q4 is expected which, along with the significant reduction in prior year non-recurring items in that period, results in full year revenue growth guidance being reiterated

- Stable adjusted EBITDA margin of 46.9% (Q3 2014: 46.9%)

- Strong adjusted free cash flow generation due to continued capital discipline

Story provided by StockMarketWire.com

Related Company: TCY

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