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OVH Groupe (OVH) investor relations material
OVH Groupe H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2026 revenue reached €1,145.1m, up 7.2% LFL and 5.6% reported, exceeding the 5%–7% growth target; Q4 LFL growth accelerated to 10.5%.
Adjusted EBITDA rose 9.7% to €480.5m, with margin up 1.6 pts to 42.0%; levered FCF turned positive at €24.7m, the first positive result since IPO.
All FY2026 targets were achieved, with monthly revenue exceeding €100m by fiscal year-end.
Financial highlights
Gross margin rose to €770.2m, or 67.3% of revenue, from €709.0m and 65.4% in FY2025.
EBIT increased 12.1% to €77.8m, with margin at 6.8%; net income was €9.4m versus €0.4m in FY2025.
Net finance expense improved to €57.2m from €65.1m; income tax expense rose to €11.2m from €3.9m.
More than 70% of incremental revenue converted to EBITDA in FY2026.
Depreciation, amortisation and impairment expenses increased €23.9m to €378.3m, reflecting commissioning of new capacity.
Outlook and guidance
FY2027 targets: LFL revenue growth above 10%, adjusted EBITDA margin above 42.5%, positive LFCF, ROCE above 9%, and leverage below 2.7x.
Guidance uses foreign exchange rates as of 30 September 2026; leverage includes IFRS 16 leases.
The sales reorganization is expected to deliver its full impact in FY2027; segmented, AI-assisted customer support and Public Cloud regionalization are planned to support growth.
AI strategy moves into deployment in 2027; OVHai Workspace was unveiled in June 2026, with further details scheduled for the AI Summit on 19 November 2026.
- Q3 FY2026 revenue up 6.9% to €290m, driven by Public Cloud's 20.2% growth.OVH
Q3 2026 TU - Record 40.9% EBITDA margin and 5.5% revenue growth, led by Public Cloud and strategic initiatives.OVH
H1 2026 - Q1 FY26 revenue up 6.0% to €275.3M, driven by strong Public Cloud growth and confirmed guidance.OVH
Q1 2026 TU - Revenue topped €1B, margins rose, and new CEO appointed, setting up for continued growth.OVH
H2 2025 - Q3 revenue up 9.3% like-for-like, with strong cloud growth and FY2025 guidance reaffirmed.OVH
Q3 2025 TU - Revenue up 10.7% to €993M, EBITDA margin 38.4%, €350M share buyback announced.OVH
H2 2024 - Q3 FY2024 revenue up 10.1% year-over-year, driven by strong cloud growth and US momentum.OVH
Q3 2024 TU - Q1 revenue up 10.1% to €264M, with strong cloud growth and FY2025 guidance reaffirmed.OVH
Q1 2025 TU - 10.3% revenue growth, 40% EBITDA margin, and positive net income highlight H1 FY2025.OVH
H1 2025
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Next OVH Groupe earnings date
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