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OVHcloud: revises annual targets

( - On its interim publication, OVHcloud has revised its annual guidance, reducing its sales growth guidance to between 9% and 10%, confirming an adjusted EBITDA margin of over 37% and improving its cash generation forecasts.

In H1 2024, the cloud services group posted a net loss of E17.2m, down from E26.6m the previous year, while its adjusted EBITDA margin improved by 2.5 points to 37.9%.

Sales rose by 10.6% to E486.1m (+10.8% LFL), with a rebound at the end of the quarter in the US and a difficult macroeconomic environment, particularly in Europe.

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