on WAVESTONE (EPA:WAVE)
Two-Speed Growth for Wavestone in the First Half of 2024/25
Wavestone reports a significant increase in its revenue for the first half of 2024/25, reaching €457.8 million. This represents an increase of 65% compared to the previous year. On the other hand, organic growth is limited to 2%.
The recent acquisitions of Q_PERIOR and Aspirant Consulting have had a positive impact on the figures. However, the activity rate has stagnated at 73% and prices have suffered a slight erosion, with the average daily rate dropping from €944 to €937.
Recruitment remains cautious, with a target of 1,000 gross hires. The order book is down, from 4.3 to 3.7 months as of September 30, 2024.
The outlook is becoming more complicated in the face of weaker demand and an uncertain economic environment.
R. E.
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