NextDC reveals growth in DC services, seeks $60 million
- 20 August, 2013 10:12
ASX-listed data centre provider NextDC (ASX:NXT) has been placed in a trading holding as it makes a capital-raising announcement. The company this morning released its annual results, revealing a 632 per cent increase in revenue from data centre services to $9 million (out of total revenue of $36.2 million).
The company's annual report states it aims to raise some $60 million to give it "additional financial flexibility to accelerate capital expenditure on existing facilities to meet strong customer demand".
Earnings before interest, tax, depreciation and amortisation (EBITDA) were $0.7 million , but this includes $14.6 million from the July disposal of Asia Pacific Data Centre (APDC), which owns the land and buildings on NextDC's DC sites, and $6.2 million from building development profit.
The company revealed a 220 per cent increase in orders for the financial year ending 30 June, including signing 71 new customers up to its data centres, which include M1 in Melbourne, C1 in Canberra and B1 in Brisbane. A Sydney-based data centre – S1 – and a Perth-based data centre – P1 – are due to open their doors in September and December, respectively.
In May, the NextDC announced it had completed base building for S1