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