Wavestone: annual targets lowered

(CercleFinance.com) - In view of difficult market conditions and lack of visibility, Wavestone has lowered its targets for the 2024-25 financial year, expecting only stable sales compared with pro forma 2023-24 and a recurring operating margin of 12.
5%.

For the first half of 2024-25, net income was up 19% to 27.3 million euros, and the recurring operating margin was 10.1%, compared with 13.3% for the same period in 2023-24 (which did not consolidate Q_PERIOR or Aspirant Consulting).

The consulting firm's sales totaled 457.8 million euros, up 65%, of which +1% at constant exchange rates and scope of consolidation. On the commercial front, its order book stood at around 3.7 months at September 30.

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