Brief: Wavestone FY Recurring Operating Profit Rises To 101.3 Million Euros

Wavestone SA

03/06/2024 17:16

June 3 (Reuters) - Wavestone SA  WAVE.PA :
    * FY CONSOLIDATED REVENUE AMOUNTED TO EUR 701.1M, INCREASE
OF
+32%.
    * FY RECURRING OPERATING PROFIT STOOD AT EUR 101.3 MILLION,
UP
+32% YOY
    * 5,894 EMPLOYEES AT MARCH 31, 2024, COMPARED WITH 4,406 A
YEAR
EARLIER
    * FY CONSOLIDATED OPERATING INCOME STOOD AT EUR 85.8
MILLION, UP
+18% YOY
    * AT END OF 2023/24 FISCAL YEAR, WAVESTONE HAD A
SELF-FINANCING
CAPACITY OF EUR 101.8M, AN INCREASE OF +22% YOY
    * WILL PROPOSE PAYMENT OF A DIVIDEND OF 0.38 EUR PER SHARE
    * PLANS TO MAINTAIN A POLICY OF MODERATE RECRUITMENT IN
2024/25,
TARGETING ABOUT 1,000 HIRES ACROSS ENTIRE FIRM
    * 2024/25 OBJECTIVES: RECURRING OPERATING MARGIN OF OVER 13%
    * OBJECTIVES 2024/2025: GROWTH IN RANGE 3% TO 5%, I.E.
CONSOLIDATED REVENUE BETWEEN EUR 972M AND EUR 991M

Source text for Eikon:  ID:nACT86094 
Further company coverage:  WAVE.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))