PARIS (Agefi-Dow Jones) – Cloud computing services specialist OVHcloud on Wednesday confirmed its objectives for the fiscal year ending August 31, 2022, after posting a sharp increase in revenues in the first quarter.
Over the period from September to November, OVHcloud achieved a turnover of 187.2 million euros, an increase of 13.9%. Quarterly sales of the group founded by Octave Klaba increased by 13.5% like-for-like, i.e. at constant exchange rates and scope, excluding the direct impacts related to the fire that occurred in March 2021 in a group data center located in Strasbourg.
“These results reflect the signing of major accounts, our ability to federate and expand our ecosystem of international partners, and the continued success of our international expansion, in Europe but also in the United States and Asia. “, indicated Michel Paulin, general manager of OVHcloud, quoted in a press release.
For the current financial year, managers are still anticipating an increase in sales of between 12.5% and 15% on a like-for-like basis, as well as an adjusted EBITDA margin of close to 40%. During the previous fiscal year, OVHcloud’s turnover reached 663.3 million euros, up 12% on a like-for-like basis. Its adjusted gross operating profit (EBITDA) amounted to 262 million euros, representing 39.5% of sales.
OVHcloud joined the Paris Stock Exchange on October 15, before joining the SBF 120 index on December 20. Tuesday, the title closed down 1.3% to 24.47 euros. Compared to the price of 18.50 euros retained for its listing on Euronext Paris, the title gained 32.3%, bringing out a capitalization of 4.65 billion euros.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0) 1 41 27 47 31; [email protected] ed: VLV
OVHCLOUD FINANCIAL RELEASES:
https://corporate.ovhcloud.com/fr/investor-relations/financial-results/
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January 12, 2022 01:04 ET (06:04 GMT)