On the occasion of its half-yearly publication, OVHcloud has revised its annual guidance, lowering its sales growth guidance to between 9 and 10%, confirming an adjusted EBITDA margin of over 37% and improving its cash generation forecasts.

In the first half of 2024, the cloud services group posted a net loss of 17.2 million euros, down from 26.6 million a year earlier, but its adjusted EBITDA margin improved by 2.5 points to 37.9%.

Sales rose by 10.6% to 486.1 million euros (+10.8% on a like-for-like basis), 'with a rebound at the end of the quarter in the United States and a difficult macroeconomic environment, particularly in Europe'.

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