Report
Nicolas Thorez

Wavestone : Good quality H1 results. Better today than yesterday (with Q_Perior)

>H1 results very satisfactory and slightly better than expected - Wavestone reported good-quality H1 2023-24 results (to end-September). On already-reported sales up 17% with 12% in organic terms, the group posted underlying EBIT of € 36.8m, up 24% y-o-y, just beating our initial forecast (ODDO BHF € 35.7m). The margin thus came in at 13.3%, an improvement of +80bp y-o-y relative to 12.5% in H1 2022-23 and 14.5% for FY 2022-23, this despite an unfavourable calendar e...
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 Thorez

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