(Boursier.com) — OVHcloud camped at 9.55 euros on Friday, after a rebound of 10% this week, while the group published its turnover for the quarter ended May 31. Revenue for the third quarter thus came to 228 million euros, up 13.2% compared to the same period in 2022, on a like-for-like basis. Revenue for the first 9 months was €667 million, up +13% compared to the same period in 2022, like-for-like.
Confirmation of the 2023 annual outlook
The group has validated an organic revenue growth target of between +13% and +14%, accelerating compared to 2022. The adjusted EBITDA margin is expected to exceed 36%. Recurring and growth Capex will be around the lower limits of the annual objectives, respectively between 16% and 20% and 28% and 32%.
Among the latest brokers’ opinions, Citi, which is “neutral”, has cautiously adjusted its target price from 12 to 11 euros…
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