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September 01, 2015 9:33 PM ET

Diversified Telecommunication Services

Company Overview of euNetworks Group Limited

Company Overview

euNetworks Group Limited, an investment holding company, provides bandwidth infrastructure services in Europe. The company operates through two segments, Network Business and Data Centres. It owns and operates duct and fiber based networks; metro wavelengths that support bandwidth connectivity to data centers, as well as support bandwidth between buildings; and long haul wavelengths, an inter-city network. The company also provides communications infrastructure and networking solutions and services to corporate companies, carriers, and service providers; Ethernet and Internet services; data center colocation and connectivity services; and euTrade services, including designing, engineering, a...

15 Worship Street

London,  EC2A 2DT

United Kingdom

Key Executives for euNetworks Group Limited

Chief Executive Officer, Executive Director, Member of Nominating Committee and Member of Remuneration Committeee
Age: 51
Chief Financial Officer and Executive Director
Senior Vice President of Operations
Head of France
Company Secretary
Compensation as of Fiscal Year 2015.

euNetworks Group Limited Key Developments

euNetworks Group Limited Announces Earnings Results for the Second Quarter Ended June 30, 2015

euNetworks Group Limited announced earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported total revenue of EUR 29.2 million against EUR 25.1 million a year ago. Adjusted EBITDA was EUR 8.2 million, up 17% from second quarter of 2014. This growth was again achieved despite the adverse headwinds of foreign exchange movements in the quarter amounting to EUR 234,000. Capital expenditure supporting revenue growth was higher in the quarter at EUR 9.8 million. This contributed to lower proxy cash flow of negative EUR 1.6 million in second quarter of 2015. Recurring revenue was EUR 29.2 million in, growing 16% from second quarter 2014.

euNetworks Group Limited Reports Earnings Results for the First Quarter Ended March 31, 2015

euNetworks reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported proxy negative cash flow of €1.6 million against €0.3 million last year. Total revenue was €27.8 million in the first quarter of 2015, improving from €25.4 million for the first quarter of 2014. Recurring revenue was €27.8 million in the first quarter of 2015, improving 14% from the first quarter of 2014. Sales achieved were €789,000 in the first quarter of 2015, up 7% from €737,000 for the first quarter of 2014. Adjusted EBITDA was €7.6 million in the first quarter of 2015, up 16% from €6.5 million for the first quarter of 2014. This was despite pressures from foreign exchange movements and costs incurred associated with delisting the company. Capital expenditure was higher in the quarter at €9.2 million against €6.8 million a year ago.

euNetworks Launches New Frankfurt to Zurich Ultra Low Latency Route

euNetworks announced it has launched a fibre based solution from Frankfurt to Zurich, with dedicated low latency dense wave division multiplexing (DWDM) technology. Delivering latency, this route extends euNetworks’ existing London to Frankfurt fibre based route to Equinix’s ZH2 International Business ExchangeTM (IBX®) data centre in Zurich and delivers a latency 9% lower than the prior best Frankfurt to Zurich fibre based routes. The new low latency route provides financial services firms with direct access to Zurich- Equinix ZH4, where SIX Swiss Exchange is hosted, from London, with round trip delay of 12.58 milliseconds, and from Equinix’s Frankfurt data centre (FR2), with round trip delay of 4.65 milliseconds. euNetworks offers latency performance from all major Multilateral Trading Facilities (MTFs) across Europe, enabling greater access to its euTrade service portfolio and some of the shortest routes in the market. euNetworks first began offering ultra-low latency services to Zurich in May 2011.

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