LONDON (dpa-AFX) - Telecity Group plc (TCY.L) said it has had a positive start to 2012 with good first quarter growth in revenue and profitability. This is despite the relative weakness of the euro and Swedish Krona, which together account for over half of the group's revenues.
The company noted that its financial position is very robust as its operations are highly cash generative.
The on-going growth of the digital economy continues to drive strong demand for premium highly-connected data centre capacity in Europe. TelecityGroup's trading remains strong and the group continues to expect its trading performance to be in-line with market expectations for the full year.
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