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) (Report