Interxion Plots Expansion Across Multiple Markets

Interxion reported its third quarter earnings this morning, but not before detailing some new pan-European expansion plans.  The Amsterdam-based data center operator intends to build new data centers in Copenhagen, Amsterdam, and Dublin, while expanding another in Frankfurt.

Interxion’s 8th facility (AMS8) will be built at its campus at Schiphol Rijk, with two phases costing €50 million.  When complete, it will feature 8,000 square meters of equipped space and 15MW of power.

In Dublin (DUB3)  they will add 2,300 square meters of space and 5MW, and will have a price tag of €28 million.  The new data center will be built on land they already own, and will include access to their Dublin campus.

In Copenhagen, the company will be building its second data center (CPH2), adding 1,600 square meters and 1.5kW per square meter.  It will be built on land next to CPH1 that they already own.

Meanwhile, in Frankfurt they will be working on the final two phases of FRA10, each of which will add 1,200 square meters of space, bringing the facility’s total to 4,800 square meters and 10MW of power. They’re still working on the first two phases of that one, which will come online in the first half of 2016.

For each, the initial phases will be ready in the second half of next year.

As for Q3 earnings, Interxion reported €98.0 in revenue, €43.7M in EBITDA and $0.12 adjusted EPS.  That seems to have been in the expected range and largely in-line with guidance etc.

A couple quarters ago, Interxion didn’t really expect to be here, at least in the same form.  They had agreed to merge with rival Telecity back in February to form a larger counterweight to the growing global might of Equinix.  But Equinix swooped in with a better deal for Telecity, leaving Interxion still single.  But they are quite familiar with the organic growth route of course.

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Categories: Datacenter · Financials