OVHcloud rises on solid H1 results

Shares in cloud provider OVHcloud OVH.PA rise 1.5%, pares gains after rising as much as 3.8%, after it posted its H1 results and confirmed its FY 2024/2025 guidance

The Paris-listed company reported an H1 EBITDA of 214.6 million euros ($243.81 million) and a revenue of 536 million euros

Its organic growth rose by 10.2% driven by Public Cloud, sovereign offerings and international markets

OVH has published a better-than-expected EBITDA margin for its H1 2024/25 thanks to control of direct costs and operating leverage," says analysts at MidCap Partners

Up to the previous session's close, shares were up 26.4%​ YTD

($1 = 0.8802 euros)