European data center operator Telecity Group raised profit by 58% from £40m to over £60m added 13MW of capacity and put a £200m bank arrangement in place.

In the financial year the group opened data centers in Paris, Stockholm and Milan and added incremental capacity in London, Amsterdam and Frankfurt bringing the total fitted-out space operated up by 13.8% to 58,496 sq.m (2008: 51,412 sq.m) and total available customer power up from 38 megawatts ("MW") at the beginning of 2009 to 51 MW.

It said it has plans in place to reach 67MW of capacity.

The firm said it retained its diverse customer base with its top 20 clients delivering less than 25% of its turnover.

Mike Tobin, CEO described the year as outstanding and said the group should have another strong year.

UK and Ireland ('UK&I') revenue grew 11.5% to £86.5m (2008: £77.6m) and Rest of Europe ('RoE') revenue increased 49.5% to £82.9m (2008: £55.5m).

Revenue from colocation and value added services ('VAS') increased by 35.2% and 2.4% respectively. Sales of collocation were £136.8m (2008: £101.2m) and sales of VAS were £32.6m (2008: £31.9m).

Operating costs, including depreciation and amortisation, increased 13.6% to £130.3m (2008: £114.7m), with £5.7m of the increase due to the strengthening of the Euro against Sterling. Property costs of £26.3m (2008: £23.6m) represented 15.5% of revenue (2008: 17.8%).

In December 2009 Mike Tobin won the business leader of the year award at the DatacenterDynamics Datacentre Leaders' Awards. Telecity also won the editor's choice award for its Paris data center plan to nuture trees at an arobretum attached to its facility.