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OVHcloud Reinstates Founder Octave Klaba as CEO, Sets Cautious 2026 Targets After Topping €1 Billion Sales

Investor disappointment over the slower growth outlook drove an intraday share drop of about 18%.

The logo of French cloud computing company OVHcloud is seen on a data-center building in Strasbourg, France, October 13, 2021.  REUTERS/Christian Hartmann/File Photo

Overview

  • For fiscal 2026, the company targets 5% to 7% organic revenue growth, an adjusted EBITDA margin above FY2025, and capital expenditures equal to 30% to 32% of revenue.
  • The board combined the chair and CEO roles as Klaba returned to lead operations, succeeding Benjamin Revcolevschi.
  • FY2025 revenue reached €1.08 billion with a 40.4% adjusted EBITDA margin, crossing the €1 billion mark for the first time.
  • Net debt rose to €1.1 billion following a share buyback, and liquidity stood at €242 million to support development through 2030.
  • Management emphasized AI demand, cloud independence for European clients, and expansion into Canada, Singapore and India, noting the EU’s recent €180 million cloud infrastructure tender.