(Boursier.com) — At the end of the 2021/22 financial year, Wavestone achieved a consolidated turnover of 470.1 ME, up +13%, above the target of 462 ME.
During the year, Wavestone acquired the consultancy practice of Everest Group as well as why innovation! and NewVantage Partners.
At constant exchange rates and scope, annual growth was +10%, driven by sustained customer demand and numerous major transformation projects.
Driven by the good business momentum and the positive trend of operating indicators, current operating income amounted to €74.8 million in 2021/22, a sustained increase of +40% compared to the 2020 financial year. /21.
The current operating margin thus stood at 15.9%, in line with the objective, set at the end of the financial year, of a margin above 15.5%.
As a reminder, the current operating margin generated a year earlier was 12.8%.
Net income group share doubled for the 2021/22 financial year, to stand at 51 ME against 25.4 ME one at the earliest.
The net margin thus stood at 10.9%, compared to 6.1% in 2020/21.
At the end of the 2021/22 financial year, Wavestone generated cash flow of €79 million, up +18%.
As of March 31, 2022, Wavestone’s equity had now been increased to €257 million. Net cash stood at €60.3 million at the end of the 2021/22 financial year, compared to €31.8 million at the end of March 2021.
The Management Board and the Supervisory Board will propose to the General Meeting of Shareholders the payment for the 2021/22 financial year of a dividend of 0.38 Euro per share, up +65% compared to that paid in 2021.
For the 2022/23 financial year, Wavestone has set itself the objective of achieving revenue of more than €505 million.
In terms of profitability, the firm aims for an annual current operating margin of around 15%.
These objectives include Nomadéis, and are understood to be at constant exchange rates and excluding new acquisitions.