OVHcloud meets 2026 targets, posts first positive cash flow since IPO

Oct 20 (Reuters) - French ‌cloud ​operator ​OVHcloud said on Tuesday its revenue rose 7.2% 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% for fiscal 2027, up from 7.2% this ​year.

• Levered free cash ‌flow reached €24.7 million, against a negative €27.0 million a year earlier.

• ⁠Adjusted EBITDA rose 9.7% to €480.5 million, a margin of 42.0%, while Public cloud ⁠revenue rose 18.9% 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%, ‌an adjusted EBITDA margin above 42.5% ⁠and positive levered ‌free cash ​flow.

($1 = 0.8904 euros)

(Reporting by Leo Marchandon in Gdansk; Editing by Christian ‌Schmollinger)

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