OVHcloud: annual net loss falls

(CercleFinance.com) - OVHcloud has reported a net loss of E10.
3m for FY 2024, compared with E40.3m previously, with an adjusted EBITDA margin that improved 2.1 points to 38.4% on sales of E993m, with organic growth of 10.3%.

The IT services group is targeting a FY 2025 adjusted EBITDA margin of around 40%, organic sales growth of between 9% and 11%, and growth in Unlevered Free Cash-Flow similar to its level in 2024.

The Board of Directors also announced the resignation of Michel Paulin from his positions as Director and CEO, and decided to appoint Benjamin Revcolevschi as CEO, while co-opting him as a Director.

It also approved the launch of a public share buyback tender offer (OPRA) for E350m, covering a maximum of 20.41% of the capital at a price of E9 per share, with a view to a capital reduction.


Copyright (c) 2024 CercleFinance.com. All rights reserved.