NEXTDC Limited (ASX: NXT) (“NEXTDC” or “the Company”) today announced its financial result for the half-year ended 31 December 2020 (“1H21”) as well as provided an upgrade to its FY21 guidance.
NEXTDC Chief Executive Officer and Managing Director, Craig Scroggie, commented on the 1H21 results:
“We are pleased to deliver another record result in 1H21, against a more difficult economic backdrop due to the COVID-19 global pandemic. Despite lockdowns and travel restrictions the Company delivered its largest historical contracted build capacity for customers in 1H21. Whilst COVID-19 has presented headwinds for many globally, it continues to be a positive catalyst for digital services and technology providers supported by our data centre platform.”
For the 12 months to 31 December 2020:
For the 6 months to 31 December 2020:
Based on current billing and contracted utilisation levels as well as expected new customer contracts during 2H21, NEXTDC provides the following guidance for FY21:
NEXTDC Chief Executive Officer and Managing Director, Craig Scroggie, commented on the outlook:
“During 1H21 we delivered our largest construction and development backlog of sold capacity to customers on time, on budget, giving us a high degree of confidence for a full year revenue and EBITDA upgrade. Second half sales in FY21 have already exceeded our expectations and we expect further strong demand for our premium data centre services into FY22“
For full details read the ASX annoucement and the 1H21 results pack.