Kinda but not really. Hetzner targets small businesses, etc, or at least they have the reputation to do that. Large companies in the EU will mostly avoid them for anything serious, because they do not seem "reliable" and "stable" and "big" enough. Same thing with OVH. One of OVH's data centers burning down did additional reputational damage (which happened because they seem to have skipped on proper fire suppression systems in order to build it faster). I am sure Hetzners reputation took a hit as well, even though they had nothing to do with it, but are kind of considered to be on the same tier as OVH.