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November 4, 2015

Data centre player Interxion surfs strong Q3

News: Colo reports good revenues and plans for new sites.

By Joao Lima

Despite having been ordered by a Paris court to shut down a data centre in the city last month, Interxion has unveiled ambitious plans to expand its European footprint.

During the last quarter the company has completed expansion projects in Madrid and Marseille, and has this week announced that it will build new data centres in Dublin (DUB3), Copenhagen (CPH2) and Amsterdam (AMS8). It will also expand its Frankfurt hub (FRA10) in Germany.

When completed, the first stages of DUB3, CPH2 and AMS8 will boost 11,900 sqm of floor space, while Frankfurt as a whole will have 6,800 sqm. All facilities are expected to be operational before the end of 2016.

AMS8 will be located in Schiphol Rijk, and when fully built will be an 8,000 sqm hub with 15MW of power. The data centre centre is scheduled to be built in six phases. Interxion said the first two stages of the project are estimated at €50 million.

In Ireland, the company will be building its third facility, DUB3, projected to have 2,300 sqm and 5MW. Built in four stages, the first two will be concluded by Q4 2016 with 1,200 sqm of floor space available. The investment for the first two stages is estimated at €28 million.

Interxion also said it will break ground in Copenhagen with its second data centre in the Netherlands. CPH2 will be a 1,600 sqm site, with a power density of approximately 1.5kW per sqm. The hub will initially come online with 500 sqm of available space in a €4 million capital expenditure venture.

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As for Frankfurt, the FRA10 data centre will see an additional 4,800 sqm being built with access to approximately 10MW of power. The full build-out of the site is expected to be approximately €92 million.

Adriaan Oosthoek, Interxion’s UK MD, told CBR: "We see a big wave coming at us [of hybrid connected cloud].

"Customers need to power their infrastructure, proximity located hosted, right close to those on and off ramps and those connected computer environments of public cloud operators."

Oosthoek also said that the company has made huge efforts to get those on and off ramps and those cloud operators into its sites, like Microsoft, Amazon or Google.

He said: "They have deployed quite a lot of infrastructure on our data centres across Europe and we are now starting to see enterprises coming to those same locations to interconnect with those cloud operators. We believe that is going to generate a big wave of business for the next ten-fifteen years."

Colo sees strong Q3

The expansion plans follow a strong Q3 for the colo. The company posted revenues of €98 million, a 13% increase compared to Q3 2014 (€86.4 million), and a 3% increase over Q2 this year.

Recurring revenue represented 95% of total revenue for the firm, at €92.8 million (15% more than Q3 2014).

Interxion has also reported a gross profit of €59.5 million, a 17% increase over the same period last year. Net profit reached €10.4 million, 16% more than in Q3 2014, but a 52% decrease from the second quarter of 2015.

The firm said data centre space has been increased by 1,900 sqm to 100,200 sqm, with revenue generating space increasing 900 sqm to 78,000 sqm.

Capital expenditures, including intangible assets, were €35.3 million in the quarter ending September 30, compared to €57 million in the same period last year and €47.8 million in Q2 2015.

The company said that the utilisation rate at the end of the quarter was at 78% of capacity.

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