Interoute reveals strong 2013 financial results

European cloud provider Interoute today revealed an increase of €91 million on its EBITDA for 2013, compared with 2012.

The financial results represent a 16% increase on the 2012 figures, which Interoute said is largely due to its efforts in the cloud market.

Over the past 12 months, Interoute has been rapidly expanding its cloud services portfolio, and its virtual data centre in particular, which it deployed in Italy in February this year.

“The European Union is waking up to the fact that ‘it’s better in Europe’,” said Gareth Williams, CEO at Interoute.

“We are proud to dedicate ourselves to that effort, and to help make the EU a technology economy, ready and able to compete with the likes of the US and China. Making the cloud work for Europe is the contribution that Interoute can make,” he added.

Profit before tax also increased 225% on a like-for-like basis, and top line revenues grew 2% year-on-year to €417 million.

Building on its commitment to the European market, Interoute also established a data centre in Madrid, Spain, in February this year.