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NEXTDC Update

NEXTDC posted strong results for the FY16 with a 52% increase in revenue to $93 million. This resulted in a reported EBITDA of $28 million and statutory net profit of $1.8 million. NEXTDC has significantly increased its capital expenditure to $101 million funded by a combination of new debt and equity issuance. This is to fund its capabilities to meet high industry demand.

 

NEXTDC has completed three separate rounds of funding through its issue of Notes II, Equity Capital Raising and Increased Bank Facility and is now able to pre fund its next stage of development. It plans to spend approximately $80 – $100 million on existing sites in Melbourne, Sydney and Canberra as well as $120 – $140 million on new sites in Brisbane and Melbourne. NEXTDC has indicated that the results for the FY17 would reach revenue levels between $115 – $122 million and EBITDA between $46 – $50 million as a result of the previously announced contracts.

 

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