OVH Group Releases Q1 FY25 Financial Statements and Updates Financing

OVH Group, a prominent European cloud services provider, has published its unaudited consolidated financial results for Q1 FY25, ending November 30, 2024. The company also disclosed updates on its financial arrangements, including a newly established Senior Facilities Agreement in October 2024, totaling €1.12 billion, to support refinancing and a share buyback offer (OPRA).

The financial terms include a €450 million term loan, a €200 million revolving facility, and a €470 million OPRA facility. By January 16, 2025, OVH had utilized the full amounts under the term and OPRA facilities. This financing supported a €350 million share buyback, reducing the company’s share capital by 20.4%, completed by January 23, 2025.

Additionally, the impact of IFRS 16 was noted on Adjusted EBITDA, with €8.4 million reported for Q1 FY25. Risk factors, including revenue volatility from short-term contracts and compliance challenges with evolving regulations, were also addressed.