In a generally less buoyant market environment, the first months of 2023 are marked, particularly in France, by more wait-and-see attitude among principals in the commitment and launch of new consulting assignments.
Despite solid order intake in recent months, activity has not been dynamic enough to allow Wavestone to absorb the many arrivals of new employees in the best possible way. As a reminder, the firm recruited at a particularly sustained pace throughout the year and expects to significantly exceed its annual plan of 1,000 gross recruitments.
The activity rate of 4
th
quarter 2022/23 (period from January to March 2023) should therefore be down compared to the first nine months of the financial year (reminder: activity rate of 74% at the end of December 2022).
Wavestone is therefore incorporating a dose of caution in its 2022/23 profitability target and is now targeting an annual current operating margin of around 14.5%, compared to 15% initially.
The objective of a consolidated annual turnover of more than €525 million, taking into account the consolidation of PEN Partnership and Coeus Consulting, is confirmed.
Next meeting
: publication of the turnover of the 4
th
quarter 2022/23, on Thursday April 27, 2023, after the close of Euronext markets.
About Wavestone
In a world where knowing how to transform is the key to success, Wavestone has made it its mission to enlighten and guide large organizations in their most critical transformations with the ambition of making them positive for all stakeholders. An ambition anchored in the DNA of the firm and summed up by the signature “The Positive Way”.
Wavestone brings together more than 4,000 employees in Europe, the United States and Asia.
Wavestone is listed on Euronext in Paris and labeled Great Place To Work
®
.
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Wavestone President – Managing Director Such. : 01 49 03 20 00 Justine BROSSET Financial communication Such. : 01 49 03 20 00 |
News Analyst-investor relations Such. : 01 53 67 36 92 Deborah SCHWARTZ Press relations Such. : 01 53 67 36 35 |
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