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SEC Filings

6-K
INTERXION HOLDING N.V. filed this Form 6-K on 08/02/2018
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Reconciliation to adjusted EBITDA

 

Amounts x €’000

   Three Months Ended     Six Months Ended  
Consolidated   

30 Jun

2018

   

30 Jun

2017 (1)

   

30 Jun

2018

   

30 Jun

2017 (1)

 

Net income

     582       9,655       12,238       19,914  

Income tax expense

     2,795       3,727       6,608       7,027  
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit before taxation

     3,377       13,382       18,846       26,941  

Finance income

     (3,386     (373     (3,497     (682

Finance expense

     26,281       11,293       37,796       21,889  
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income

     26,272       24,302       53,145       48,148  

Depreciation and amortisation

     32,191       27,209       61,750       51,392  

Share-based payments

     3,927       2,246       7,249       4,808  

Income or expense related to the evaluation and execution of potential mergers or acquisitions:

        

M&A transaction costs(2)

     1,041       556       2,248       1,329  

Adjustments related to terminated or unused datacenter sites:

        

Income from sub-leases of unused data centre sites(3)

     —         —         (86     (27
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(4)

     63,431       54,313       124,306       105,650  
  

 

 

   

 

 

   

 

 

   

 

 

 

Amounts x €’000

   Three Months Ended     Six Months Ended  
FR, DE, NL and UK    30 Jun
2018
    30 Jun
2017 (1)
    30 Jun
2018
    30 Jun
2017 (1)
 

Operating income

     30,311       24,784       57,946       48,770  

Depreciation and amortisation

     20,818       18,097       40,903       33,996  

Share-based payments

     259       234       603       545  

Adjustments related to terminated or unused datacenter sites:

        

Income from sub-leases of unused data centre sites(3)

     —         —         (86     (27
  

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA(4)

     51,388       43,115       99,366       83,284  
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Certain comparative figures for the three month and six month periods ended 30 June 2017 have been restated. For further details, see note 12.
(2) “M&A transaction costs” are costs associated with the evaluation, diligence and conclusion or termination of merger or acquisition activity. These costs are included in “General and administrative costs”.
(3) “Income from sub-leases of unused data centre sites” represents the income on sub-lease of portions of unused data centre sites to third parties. This income is treated as “Other income”.
(4) “Adjusted EBITDA” is a non-IFRS financial measure. See “Non-IFRS Financial Measures” for more information, including why we believe Adjusted EBITDA is useful, and the limitations on the use of Adjusted EBITDA.

 

18   

Interim Report: Three-month and six-month period ended 30 June 2018

These Condensed Consolidated Interim Financial Statements are unaudited