Colt Group S.A. Interim Management Statement for the quarter ended 31 March 2012


27 April 2012

Colt Group S.A. (London Stock Exchange: COLT) today issued its Interim Management Statement for the three months ended 31 March 2012.

FINANCIAL REVIEW

Three months to 31 March

€ millions2012
Unaudited
2011
Unaudited
Revenue397.3377.6
EBITDA180.677.0

Group revenue for the quarter of €397.3 million (Q1 ’11: €377.6 million) represented year on year growth of 5.2%. Growth occurred across all major product categories with Voice contributing approximately half of the overall growth.

Group EBITDA1 of €80.6 million (Q1 ’11: €77.0 million) represented year on year growth of 4.7%. The EBITDA margin remained largely stable at 20.3% (Q1 ’11: 20.4%).

Net funds2 as at 31 March 2012 amounted to €269.9 million (31 December 2011: €343.7 million). The cash outflow for the quarter reflected normal seasonal outflows, with working capital outflows that included the reversal of €25.0 million of trade payables carried over from Q4 2011 due to the timing of our calendar year end.

Colt has secured an anchor tenant for a new modular data centre to be built in the Netherlands. The data centre will be strategically located between the major cities of Amsterdam, Rotterdam, Antwerp and Brussels. Colt will initially deploy 2,000m2 of modular data centre space, scalable to 10,000m2 and 32MVA of power. Colt expects to commence operation of the data centre in early 2013. Further details can be found in a separate press release issued today.

Rakesh Bhasin, Chief Executive Officer, said:

“We are pleased with the progress the Group has made during the period. We have seen an increasingly positive reaction in the market to our information delivery platform during the quarter. Our pipeline has continued to grow, particularly in Managed Services, and we remain confident that we will see further growth in revenue this year.

On 2 May 2012 we will be hosting our Capital Markets Day, where we will provide further details on our plans for growth and the underlying investment programme to support this.”

1 EBITDA is earnings before net finance costs, tax, depreciation, amortisation, foreign exchange and exceptional items
2 Net Funds includes deposits classified as current asset investments

FORWARD LOOKING STATEMENTS

This report contains ‘forward looking statements’ including statements concerning plans, future events or performance and underlying assumptions and other statements which are other than statements of historical fact. Colt Group S.A., ‘the Group’, wishes to caution readers that any such forward looking statements are not guarantees of future performance and certain important factors could in the future affect the Group’s actual results and could cause the Group’s actual results for future periods to differ materially from those expressed in any forward looking statement made by or on behalf of the Group. These include, among others, the following: (i) any adverse change in regulations and technology within the IT services and communications industries, (ii) the Group’s ability to manage its growth, (iii) the nature of the competition that the Group will encounter and wider economic conditions including economic downturns, (iv) unforeseen operational or technical problems and (v) the Group’s ability to raise capital. The Group undertakes no obligation to release publicly the results of any revision to these forward looking statements that may be made to reflect errors or circumstances that occur after the date hereof.

Click here to view the complete Press Release.

Enquiries:
Investor Relations:
Morten Singleton
DDI: +44 (0) 20 7863 5314
Email: morten.singleton@colt.net

Press:
Helen Toft
DDI: +44 (0) 20 7039 2420
Mobile: +44 (0) 7855 301078
Email: helen.toft@colt.net

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