OVHcloud Unveils 'Shaping the Future' Strategic Plan and Sets Financial Goals for FY2026

January 17, 2024
OVHcloud has unveiled its strategic plan, "Shaping the Future," focusing on four pillars: becoming the reference for data sovereignty, innovating for the next technological revolutions, achieving sustainable and profitable growth, and maximizing cash generation. This plan is supported by growth drivers including expanding its range of PaaS products, offering artificial intelligence solutions that respect data privacy, expanding its customer base, particularly in specific verticals like the public sector and healthcare, and improving occupancy rates in existing datacenters while deploying new locations with lower capital intensity. OVHcloud has set new financial targets for FY2026, aiming for an average annual organic revenue growth of between 11% and 13%, an adjusted EBITDA margin close to 39%, recurring Capex within 12% to 14% of Group revenue, and Growth Capex at 16% to 18% of Group revenue, with a goal of positive free cash-flow in FY2026. The company also reaffirms its commitment to environmental sustainability, aiming for Net Zero on scopes 1 and 2 by 2025, and on scopes 1, 2, and 3 by 2030, alongside achieving 100% low-carbon energy and zero waste to landfill by 2025. OVHcloud confirms its FY2024 and FY2025 targets, reflecting its successful strategy since its IPO in 2021, including doubling the number of key account customers spending over €1 million annually, expanding its Public Cloud product offerings to over 40, and planning to increase its datacenter footprint to 45 by the end of 2024.