Brief: Wavestone H1 Operating Profit Down At Eur 25.7 Mln

Wavestone SA

05/12/2022 17:00

Dec 5 (Reuters) - Wavestone SA  WAVE.PA :
    * H1 REVENUE EUR 237.1 MILLION VERSUS EUR 217.8 MILLION YEAR
AGO
    * H1 OPERATING PROFIT EUR 25.7 MILLION VERSUS EUR 30.1
MILLION
YEAR AGO
    * NET FINANCIAL DEBT OF EUR 16.2 MILLION AT 30 SEPTEMBER
2022
    * H1 NET RESULT GROUP SHARE EUR 17.9 MILLION VERSUS EUR 20.7
MILLION YEAR AGO
    * SEES INCREASINGLY LIKELY RISK OF A SLOWDOWN IN DEMAND FOR
CONSULTANCY, WHICH COULD MATERIALISE FROM BEGINNING OF 2023
    * REMAINS CONFIDENT ABOUT CERTAIN SECTORS OF ACTIVITY,
NOTABLY
BANKING, ENERGY AND LUXURY GOODS
    * IS NOW TARGETING FY CONSOLIDATED TURNOVER IN EXCESS OF EUR
525
MILLION VERSUS MORE THAN EUR 505 MILLION INITIALLY
    * REITERATES ITS FY OBJECTIVE OF CURRENT OPERATING MARGIN OF
AROUND 15%
    * DOES NOT PLAN TO CARRY OUT ANY NEW OPERATIONS IN THE UK IN
COMING MONTHS
    * INTENDS TO GIVE PRIORITY TO UNITED STATES, WITHOUT
PRECLUDING
TACTICAL OPERATIONS IN OTHER GEOGRAPHIES

Source text for Eikon:  ID:nACT77515 
Further company coverage:  WAVE.PA 
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