euNetworks Reports Fourth Quarter and Full Year 2009 Results

euNetworks Reports Fourth Quarter and Full Year 2009 Results26 February 2010 euNetworks Group Limited, announced quarterly growth in total revenue of 25% against fourth quarter 2008, achieving €8.5 million revenue.

London, UNITED KINGDOM 26 February 2010 – euNetworks Group Limited, announced quarterly growth in total revenue of 25% against fourth quarter 2008, achieving €8.5 million revenue. This growth includes one-off revenue of €0.8 million relating to asset sales. Excluding one-offs, recurring revenue grew 13% against fourth quarter 2008. Gross margin was 48% in the quarter, up from 43% in 2008. During the quarter, 24 new customers were signed. The net loss from operations, and before exceptional items was €5.6 million, improving from €7 million in quarter four 2008.

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About euNetworks

euNetworks is a critical bandwidth infrastructure company. We own and operate 18 fibre based metropolitan networks connected with a high-capacity intercity backbone covering 53 cities in 17 countries across Europe. The company leads the market in data centre connectivity, directly connecting over 585 today, and is also a leading cloud connectivity provider, with over 180 on-ramps on our network directly connecting all key cloud providers and major platforms. This coupled with our extensive connected data centre footprint positions us strongly to support and enable our Customers with their cloud infrastructure developments and challenges.

Lucy Noad
Marketing Communications Manager
Lucy Noad, Communications Manager