On Friday, OVHcloud announced the appointment of Stéphanie Besnier as CFO on the occasion of the publication of its quarterly results.

Stéphanie Besnier, deputy CEO of the Agence des Participations de l'Etat, will take up her post during the first quarter of 2023, the European cloud services provider said in a release.

OVHcloud also reported sales of 216 million euros, up 11.7% on a like-for-like basis, for the September-November period, the first quarter of its fiscal year.

The Group also confirmed its outlook for 2023, namely an organic sales growth target of between 14% and 16%, and an earnings before interest, taxes, depreciation and amortization (Ebitda) margin in line with 2022.

Due to inflation, OVHcloud says it has begun gradual price hikes from December 2022 and expects "seasonality in its adjusted Ebitda margin, with a lower margin in the first half than in the second half", as the full effect of these price hikes will take place from the second half. (Written by Kate Entringer)