OVHcloud: raises annual growth target

(CercleFinance.com) - OVHcloud has confirmed that it is on an upbeat path for 2022, having increased its target for revenue growth to between 15% and 17%, compared with 12.
5% to 15% previously, while maintaining its target for an adjusted EBITDA margin at around 40%.

The group has published adjusted H1 EBITDA growth of 11% to 153 million euros, i.e. a margin of 40.1% on revenue of 382 million euros, up 14.3% as reported and up 13.3% on a comparable basis.

OVHcloud thus confirmed strong growth throughout H1 in the public (+24.4%) and private (+15.8%) clouds, as well as sustained momentum internationally, particularly in the digital channel in the United States (+106.2%) and Asia (+63.7%).


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