Report
Emmanuel Matot

OVHcloud : Positive full-year release, share buyback offer at € 9 and change of CEO

>Robust full-year results - Sharp recovery in the EBITDA margin - OVH just released its results for FY 2023-24 (FY ending 31 August). Our takeaways at the level of the P&L are:Organic growth in sales of 10% (vs guidance = +9-10% and ODDO BHF / consensus = +10%). There was a reacceleration in Q4 (+11%) after the low point in Q3 (+9% vs Q2 = +10% and Q1 = +12%). The EBITDA margin recovered by +210bp to 38.4% vs guidance >37% and ODDO BHF / consensus = 37.5/37....
Underlying
OVH GROUPE

Provider
Oddo BHF
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.

Analysts
Emmanuel Matot

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