Entering a brand new era, French cloud giant OVHcloud has announced a \u20ac350 million ($378 million) share buyback alongside the appointment of Benjamin Revcolevschi as CEO. This strategic leadership shift and financial move mark a transformative phase for OVHcloud, as it aims to achieve sustainable cash flow by 2026.<\/p>\n
Revcolevschi steps up from his role as Deputy CEO, replacing Michel Paulin, who led OVHcloud for six years. During his tenure, Paulin helped double OVHcloud\u2019s revenue and expanded its reach.<\/p>\n
Founder and chairman Octave Klaba praised Paulin for building a cloud ecosystem focused on affordability and sustainability. Now, Revcolevschi, an experienced IT and telecom leader, plans to sustain OVHcloud\u2019s growth by targeting 10% annual revenue increases and an adjusted EBITDA margin above 40%.<\/p>\n
In addition, the buyback, priced at \u20ac9.00 per share, offers shareholders a premium while enabling the founding Klaba family to raise their stake from 68% to 81%. OVHcloud intends to retire the repurchased shares, thus reducing capital to focus on long-term investors.<\/p>\n
For fiscal 2025, OVHcloud aims for 9%-11% organic revenue growth along with a robust adjusted EBITDA margin of around 40%. This follows a highly successful fiscal 2024, in which the company\u2019s revenue reached \u20ac993 million\u2014a 10.3% organic increase. Moving forward, OVHcloud also plans continued capital investments while prioritizing free cash flow.<\/p>\n
The buyback awaits shareholder approval in December, when investors will also vote on Revcolevschi\u2019s board position. Ultimately, this meeting marks a new chapter as OVHcloud strengthens its financial foundation to drive innovation in the evolving digital economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Entering a brand new era, French cloud giant OVHcloud has announced a \u20ac350 million ($378 million) share buyback alongside the appointment of Benjamin Revcolevschi as CEO. This strategic leadership shift and financial move mark a transformative phase for OVHcloud, as it aims to achieve sustainable cash flow by 2026. Revcolevschi steps up from his role […]<\/p>\n","protected":false},"author":20624,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[93,2638,2639,2640,2636,2637],"class_list":["post-4880","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-cloud","tag-enjamin-revcolevschi","tag-michel-paulin","tag-octave-klaba","tag-ovhcloud","tag-share-buyback"],"acf":[],"yoast_head":"\n