21.02.2012 | Bucharest | Press Releases
GTS Central Europe (GTS), a leading infrastructure-based provider of telecommunications services in Central and Eastern Europe, today announced its unaudited financial results for 2011. With strong focus on its customers and investments in expanding its fiber and data center networks, the company continued its growth pattern and posted its highest results ever for earnings before taxes, interest, depreciation and amortization (EBITDA).
The main points of the consolidated, unaudited financial results for 2011:
· Revenue of 396 million Euros, an increase from the previous year of over 2%
· EBITDA of 99 million Euros, reflecting a 25% margin and annual growth of 9%
· Free cash flow (EBITDA less capital expenditures) of 50 million Euros
In 2011, GTS saw an improvement in all key indicators – revenue, gross margin, EBITDA, and cash flow - in comparison with the previous year. Increased profitability reflects the gradual movement of customers into higher margin data and managed service solutions. The opening of a new data center in Slovakia and the continuous expansion of our access networks also contribute to margin growth.
“Our financial results reflect a lot of hard work by GTS employees in 2011. In addition to acquiring a data center company in the Czech Republic, we invested heavily in expanding the capacity and depth of our network. On average, GTS added over 100 buildings per month to our footprint. We also accelerated our entry into the ICT solutions market with new products and platforms. Our success is directly related to our customers and we will stay focused on continuing to be their preferred solutions provider in 2012.” said Danny Bottoms, CEO, GTS.
GTS continued to innovate in 2011 with the introduction of new services for its customers. GTS Media Line offers a transmission service optimized for broadcasting in a range of formats which meet the specific requirements of today’s media industry. A cloud service, GTS Virtual Server is based on the infrastructure as a service (IaaS) model and allows customers to flexibly and precisely select, allocate and move computing resources as needed. It represents a radical change in perspective on the purchase and implementation of computing and storage resources.