OVH Groupe (CHIX:OVHp)

€ 6.08 0 (0%) Market Cap: 1.16 Bil Enterprise Value: 1.96 Bil PE Ratio: 0 PB Ratio: 2.91 GF Score: 36/100

Half Year 2023 Ovh Groupe SA Earnings Call Transcript

Apr 19, 2023 / 08:00AM GMT

Release Date Price: €11.4

Transcript

Operator

Hello, and welcome to the OVHcloud H1 for Year 2023 Results Call. My name is Caroline, and I will be your coordinator for today's event. (Operator Instructions) Please note, this conference is being recorded. Today's speaker will be Michel Paulin, the CEO; and Stephanie Besnier, the CFO.

I now hand over to OVH team to begin today's conference. Thank you.

Michel Paulin

OVH Groupe S.A. - CEO & Director

Hello, everyone. Good morning. This is Michel Paulin, the CEO of OVHcloud. Thank you for joining us today for our H1 2023 results. This first semester has been a period of growth acceleration. Our revenue reached EUR 439 million at 15% as reported and 12.8% like-for-like, with the Q2 growing at plus 13.9% after a Q1 at 11.7%. We had a strong growth acceleration.

Our H1 adjusted EBITDA reached EUR 156 million, leading to a margin of 35.4%. Higher-than-expected energy costs in Germany and the timing of outsizing of our price increases meant the EBITDA was modestly below our initial expectation.

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