News & media LSE:CORD Half Year Results | Strong Operating Performance Underpins Good Results

28 November 2024

We’re pleased to share Cordiant Digital Infrastructure Limited’s (LSE:CORD) strong H1 FY25 operating performance underpinning a good financial performance, demonstrating the success of our ‘Buy, Build and Grow’ strategy.

Key highlights from our half-year results (to 30 September 2024) include:

– Strong portfolio performance with EBITDA and revenue growth of 15.2% and 9.3% respectively, driven by new contracts at Emitel and CRA, expanding cloud and data centre operations, and inflation-linked revenue streams.
– NAV return of 5.4% for the six-month period, or 7.9% on a constant currency basis
– Dividend covered 1.8x by Adjusted Funds from Operations
– Strategic growth investments across our portfolio
Speed Fibre Group customer connectivity expansion
– DAB+ radio network development at CRA and Emitel
– New telecom tower construction at Emitel
– Cloud and data centre investment
– Strong alignment with shareholders – management team owns 1.8% of CORD’s shares, reflecting strong confidence in our growth trajectory

Additionally, CORD announced the acquisition of a 37.2% stake in Belgian data centre businesses Datacenter United DCU Investment and DCU Brussels, partnering with TINC – The INfrastructure Company NV, after the period. These transactions are expected to close in Q1 2025.

To read the full Interim Report, please go to https://www.cordiantdigitaltrust.com/investors/results-centre/

Logo
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

>