Report
Nicolas David

Wavestone : De la prudence mais pas de signaux négatifs

>Les bons résultats S1 soulignent le « pricing power » du groupe - Wavestone a publié mardi soir des résultats S1 2018 (à fin septembre) meilleurs qu’attendu. L’EBIT est ressorti à 19.9 M€, au-dessus de notre estimation de 18.6 M€, impliquant une marge opérationnelle de 10.9%, en nette amélioration par rapport au S1 2017 (9.9% soit +100 pb). Cette surprise positive s’explique essentiellement par un effet prix (net de l’augmentation des salaires) supérieur à 100 pb, qu...
Underlying
Wavestone SA

Wavestone SA, formerly Solucom SA, is a France-based company active in the information technology (IT) sector. It provides infrastructure consultancy services in the fields of telecommunications and networks, Strategy & management, IT transformation, IT Governance, IT architecture and Security & risk management. The Company operates through subsidiaries: Arcome, which offers marketing and technological innovation services for global companies in the information technology industry; Idesys, offerring consultancy services in the management and governance fields; New'Arch, which provides consultancy services in technical architecture of information systems; KLC, which offers consultancy services in information system and industrial investments for corporate clients; Cosmosbay-Vectis that offers business development and transformation consulting, and Xceed Group Ltd, which provides computer related services, among others.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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