Interxion Holding N.V. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2017. For the quarter, the company reported revenue of €129.9 million, an 18% increase over the fourth quarter of 2016 and a 4% increase over the third quarter of 2017. Operating income was €27.0 million, an increase of 20% from the fourth quarter of 2016 and an 8% increase from the third quarter of 2017. Net income was €11.0 million in the fourth quarter of 2017, a 9% increase over the fourth quarter of 2016 and a 9% increase from the third quarter of 2017. Adjusted net income was €11.9 million in the fourth quarter of 2017, a 33% increase over the fourth quarter of 2016 and a 12% increase from the third quarter of 2017. Adjusted EBITDA for the fourth quarter of 2017 was €59.1 million, a 20% increase over the fourth quarter of 2016 and a 5% increase over the third quarter of 2017. Adjusted EBITDA margin was 45.5% in the fourth quarter of 2017, compared with 44.6% in the fourth quarter of 2016 and 45.1% in the third quarter of 2017. Net cash flows from operating activities were €45.5 million in the fourth quarter of 2017, compared with €45.4 million in the fourth quarter of 2016 and €32.5 million in the third quarter of 2017. Capital expenditures, including intangible assets, were €69.7 million in the fourth quarter of 2017, compared with €73.8 million in the fourth quarter of 2016 and €75.2 million in the third quarter of 2017. Basic and diluted earnings per share was €0.15 against 0.14 a year ago. Adjusted Basic and diluted earnings per share was €0.17 against 0.13 a year ago. Profit before income taxes was €14,671,000 against €13,065,000 a year ago.

For the year, the company reported that revenue for 2017 was €489.3 million compared to €421.78 million a year ago, a 16% increase compared to 2016. Adjusted EBITDA for 2017 was €221.0 million, a 16% increase compared to 2016. Adjusted EBITDA margin for 2017 was 45.2%, a decrease of 10 bps compared to 2016. Net income was €42.2 million in 2017, compared to €39.9 million in 2016. Diluted earnings per share in 2017 were €0.59 on a weighted average of 71.6 million diluted shares, compared to €0.56 on a weighted average of 71.2 million diluted shares in 2016. Adjusted net income was €43.4 million in 2017, a 19% increase compared to 2016. Adjusted earnings per diluted share were €0.61 on a weighted average of 71.6 million diluted shares, compared to €0.51 on a weighted average of 71.2 million diluted shares in 2016. Cash generated from operations, defined as cash generated from operating activities before interest and corporate income tax payments and receipts, was €209.0 million in 2017, an increase of 14% compared to 2016. Capital expenditures, including intangible assets, were €256.0 million in 2017 compared to €250.9 million in 2016. Net cash flows from operating activities as €155.246 million compared to €139.397 million a year ago. Profit before income taxes was €57,045,000 against €56,333,000 a year ago.

For the full year 2018, the company expects revenue to be in range of €553 million to €569 million. Adjusted EBITDA is expected to be in range of €250 million to €260 million. Capital expenditures (including intangibles) are expected to be in range of €335 million to €365 million.