Wavestone : The best of Wavestone is yet to come
>Impressive interim results, well ahead of our estimates - Wavetone reported H1 2021-22 well above our expectations and those of the consensus. On the back of sales (already reported) up 17% (+15% organic), underlying operating profit worked out € 31.8m, i.e. a record underlying operating margin of 14.6% (vs ODDO BHF 11%e), a level never previously reached by the company (in spite of a traditionally unfavourable seasonality in H1) vs respectively 7.7% and 10.6% in N-1...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.
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.
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