Wavestone posts growth of 62% in the first quarter of 2024/25

Wavestone recorded a turnover of 232.4 million euros in the first quarter of 2024/25, marking a total increase of 62% compared to last year. In organic terms, growth was 1%, despite a difficult economic environment.

The consulting firm consolidates the acquisitions of Q_PERIOR and Aspirant Consulting. At constant exchange rates and scope, turnover is stable. The activity rate in the first quarter stood at 73%, with an average daily rate of 944 euros.

As for the outlook for the financial year, Wavestone maintains its annual growth objectives of 3% to 5% and a recurring operating margin of more than 13%. The firm focuses on the most resilient sectors, notably energy and transport, in an uncertain political and economic context.

In addition, Wavestone announced the move of its headquarters to the Paris Central Business District in 2027, aiming to reduce its carbon footprint and improve its attractiveness.