Ovh Groupe (OVHFF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the OVHcloud H1 Full Year 2025 Results Conference Call. Today's speakers will be Benjamin Revkolevski, CEO, and Stephanie Bisnyi, CFO. And I hand over to the OVH team to begin today's conference. Thank you. Thank you. Hello, everyone. I'm Benjamin Revkolevski, CEO of OVHcloud. So we published our H1 FY25 results this morning, and we thank you for being with us on this call. So let's start with slide three for the key highlights of our solid set of results. As you can see, H1 FY25 was a solid semester. We generated 536 million euros in revenue and grew by 10.2% like-for-like compared to the same period last year. This growth was fueled by a continued demand for public clouds and also data sovereignty offers. We also saw a high revenue retention rate of 107% of our customers and also solid international growth as we will highlight in the next slide. So looking at our profitability, our discipline was unchanged and we have demonstrated in this semester a strong operating leverage with our adjusted EBITDA reaching 214.6 million euros which is corresponding to a 40% margin. This operating leverage also led to a strong improvement of our cash generation with an unlevered free cash flow that reached 36.8 million euros. H1Y25 was also marked by the success of our refinancing with an inaugural bond of 500 million euros maturing in FY 31 and also the setting up of a 450 million euros green loan maturing in FY 30. Looking ahead, we are confident to deliver our guidance for the full year. We expect in the demand for data sovereignty, public cloud and artificial intelligence to continue to drive growth. and we will also maintain our CUSP discipline for the rest of the year. Let's move now to the slide four and our strategic pillars. In this rapidl...