Report
OVHcloud : Deterioration in business indicators - Situation under better control at the cost and cash level
>Unexpected slowdown in organic sales growth in Q2 - Marked improvement in operating leverage in H1 - OVH just released its first half results (period from September 2023 – February 2024). The results came in close to expectations (EBITDA = +18% at € 184m vs ODDO/consensus = € 182m/180m) with 1/ disappointing organic sales growth (+10.8% vs ODDO/consensus = +11.5%/12.0% - slowdown in Q2 at +9.6% vs Q1 = +12.0%) and 2/ a nice surprise on the EBITDA margin (+250bp to 37...
Underlying
OVH GROUPE
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Emmanuel Matot
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