France · Delayed Price · Currency is EUR OVH Groupe Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 revenue grew 7.2% like-for-like, with Q4 growth reaching 10.5% and positive levered free cash flow of €24.7 million. FY 2027 guidance calls for growth above 10%, a 42.5% adjusted EBITDA margin, positive free cash flow, and ROCE above 9%.
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Q3 revenue grew 9.6% year-over-year to €290 million, with Public Cloud up 22.2% and strong growth across all regions. FY2026 guidance is confirmed, with positive free cash flow and strict financial discipline amid rising component costs.
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H1 2026 saw 5.5% revenue growth, record 40.9% EBITDA margin, and strong cash flow despite front-loaded CapEx to address component inflation. Strategic initiatives include a new defense vertical, AI lab, and tactical price increases, with FY 2026 guidance reaffirmed.
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Q1 FY26 revenue grew 6% like-for-like to €275 million, with strong public cloud growth and positive free cash flow. Guidance for FY26 is reaffirmed, and supply chain risks are mitigated for the year. European expansion and AI partnerships continue to drive momentum.
Fiscal Year 2025
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FY 2025 saw 9.3% organic revenue growth, over €1B in revenue, and a 40.4% Adjusted EBITDA margin, with unlevered free cash flow more than doubling year-over-year. FY 2026 guidance targets 5–7% growth, higher EBITDA margin, and positive levered free cash flow.
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Q3 FY 2025 revenue grew 9.3% like-for-like to EUR 271.9 million, with strong momentum in public and private cloud segments and robust demand for sovereign solutions. Full-year guidance is reaffirmed, targeting 9%-11% revenue growth, 40% EBITDA margin, and improved free cash flow.
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H1 FY25 saw 10.2% revenue growth, a 40% adjusted EBITDA margin, and strong cash generation, driven by demand for Public Cloud, data sovereignty, and AI. Guidance for FY25 is reaffirmed, with robust international growth and successful refinancing supporting future expansion.
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Q1 FY 2025 revenue grew 10.1% year-over-year to €264 million, driven by strong U.S. private cloud demand and robust public cloud growth, with AI offerings contributing significantly. Guidance for 9%-11% revenue growth and a 40% EBITDA margin is reaffirmed.
Fiscal Year 2024
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FY 2024 saw 10.3% revenue growth and a 38.4% EBITDA margin, with strong cash flow and segment performance. FY 2025 targets 9%-11% revenue growth, circa 40% EBITDA margin, and a EUR 350 million share buyback, as the company shifts to a more cash-generative, margin-focused phase.
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Revenue grew 10.1% year-over-year for the first nine months, with Q3 up 9% like-for-like, driven by strong U.S. performance and robust AI and data sovereignty offerings. Guidance for FY2024 is reaffirmed, with positive cash flow and margin targets, despite ongoing European headwinds.