Wavestone Reports 10.1% Operating Margin in H1 2024/25, Adjusts Annual Targets

On December 4, 2024, Wavestone's Board approved the H1 2024/25 results, revealing a 65% revenue increase to €457.8m compared to H1 2023/24. This boost includes contributions from acquisitions of Q_PERIOR and Aspirant Consulting. Despite these gains, organic growth was modest at 2%.

The recurring operating profit climbed 26% to €46.4m, with a reduced margin of 10.1% compared to 13.3% the previous year. Profitability was affected by integration costs of newly acquired firms and seasonal factors.

Net income rose 19% to €27.3m, although net margin fell to 6.0% from 8.3%. The company faces challenges such as reduced demand and increased competition across sectors like banking and luxury. Wavestone revised its annual objectives, now targeting stable revenue and a 12.5% operating margin.