LAMDA Hellix SA, the leading and award-winning provider of Neutral World-Class Data Center Services in South East Europe, announces its results for the six months ended 30 June 2011:

•Total Revenue up 60% to €4.511.063 (H1-2010: €2.811.799)
•EBITDA up 107% to €1.255.078 (H1-2010: €606.417)
•Profit Before Tax up 168% to €913.780 (H1-2010: €340.564)
•Gearing down to 24% (FY2010: 35%)

The second quarter of 2011 was LAMDA Hellix’s 31st consecutive quarter of quarterly profitability and the best ever in terms of EBITDA, EBT and PBT. Despite the macro conditions in the Greek and the European economy, LAMDA Hellix delivered significant organic growth both in its core Data Center as well as its Integration & Consulting services segments, proving once again that the business is extremely robust and counter-cyclical. LAMDA Hellix agrees with analysts’ views that the sector defies the wider economic slowdown and has in fact benefited from current macro conditions, which have accelerated IT outsourcing trends.


Apostolos Kakkos, Founder & CEO of LAMDA Hellix, commented: “We are pleased with our H1-2011 results and the continuation of our organic growth. During the course of the year we have seen a number of additional high-quality enterprise customers starting to use our services (or expanding further) including Vodafone (LSE: VOD), Euronet (NASDAQ: EEFT), COSMOTE (OTE Group, ASE:OTE), Velti (NASDAQ:VELT) and InternetQ (AIM:INTQ) among others. For H2-2010 we anticipate a continuation of our growth due to further acceleration of IT outsourcing, broadband usage and increased demand from the managed services/cloud sectors. In Q3, we plan to launch the first high grade internet multi-homing service in Greece as well as open additional space (250KW) in Athens1.  In addition, we continue to progress our plans for Athens2 (additional 750 Rack Spaces/ 6MW) to be delivered by Q1-2013 and evaluating opportunities for strategic acquisitions across South Eastern Europe.”