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May 28, 2015 3:18 AM ET

Diversified Telecommunication Services

Company Overview of euNetworks Group Limited

Company Overview

euNetworks Group Limited, an investment holding company, operates as a bandwidth infrastructure provider primarily in Europe. It operates in two segments, Network Business and Colocation Business. The company operates fibre networks; and provides communications infrastructure and networking solutions and services to corporate companies, carriers, and service providers. It provides Internet protocol services; long haul wavelengths, an intercity optical transport service that delivers 10Gbps Ethernet data connections; metro wavelengths, which provides optical point-to-point connectivity between locations; dark fibre networks to clients in finance, media, corporate, and public sector industries...

15 Worship Street

London,  EC2A 2DT

United Kingdom

Key Executives for euNetworks Group Limited

Chief Executive Officer, Executive Director and Member of Nominating Committee
Age: 50
Chief Financial Officer and Executive Director
Senior Vice President of Operations
Head of France
Company Secretary
Compensation as of Fiscal Year 2014.

euNetworks Group Limited Key Developments

euNetworks 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.

euNetworks Group Limited Announces Earnings Results for the Fourth Quarter and Full Year of 2014

euNetworks Group Limited announced earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported total revenue of EUR 27,200 against EUR 24,000 a year ago. Adjusted EBITDA was EUR 7,400 against EUR 7,400 a year ago. Capital expenditure was EUR 6,100 against EUR 10,700 a year ago. These results reflect the continued sales and marketing focus on Dark Fibre, Wavelengths, Ethernet and the euTrade service portfolio. For the year, total revenue was EUR 103,400 against EUR 97,400 a year ago. Adjusted EBITDA was EUR 28,300 against EUR 25,400 a year ago. This growth reflects the continued scaling of the business and successful focus on achieving operational efficiencies while increasing sales performance. Capital expenditure was EUR 28,700 against EUR 27,900 a year ago.

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