OVHcloud, the French cloud operator, has met its 2026 revenue targets and posted its first positive cash flow since its IPO in 2021, marking a significant milestone in the company's financial turnaround. The company's revenue increased by 7.2% to €1.15 billion for the year ending August 31, 2022, and adjusted EBITDA margin rose to 42.0%, with levered free cash flow reaching €24.7 million, up from a negative €27.0 million a year earlier. CEO Octave Klaba praised the company's disciplined approach and highlighted the group's return to its fundamentals, with fiscal 2027 targets of comparable growth above 10%, an adjusted EBITDA margin above 42.5%, and positive levered free cash flow.
Key points
OVHcloud's revenue targets are now met, marking a financial turnaround.: OVHcloud's revenue targets are now met, marking a financial turnaround.
The company's revenue increased by 7.2% to €1.15 billion for the year ending August 31, 2…: The company's revenue increased by 7.2% to €1.15 billion for the year ending August 31, 2022.
Adjusted EBITDA margin rose to 42.0%, with levered free cash flow reaching €24.7 million.: Adjusted EBITDA margin rose to 42.0%, with levered free cash flow reaching €24.7 million.
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Oct 20 : French cloud operator OVHcloud said on Tuesday its revenue rose 7.2 per cent to €1.15 billion ($1.29 billion) in the year to August 31, and that it posted its first positive levered free cash flow since its 2021 listing.
The milestone means the French group now covers its heavy capital spending from its own operations, after five years of losses on cash generation since the listing. It also forecast growth above 10 per cent for fiscal 2027, up from 7.2 per cent this year.
• Levered free cash flow reached €24.7 million, against a negative €27.0 million a year earlier.
• Adjusted EBITDA rose 9.7 per cent to €480.5 million, a margin of 42.0 per cent, while Public cloud revenue rose 18.9 per cent to €255.1 million.
• CEO Octave Klaba said the year had been one of "discipline" and that the group had "returned to its fundamentals".
• For fiscal 2027, the company targets comparable growth above 10 per cent, an adjusted EBITDA margin above 42.5 per cent and positive levered free cash flow.
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