Brief: Wavestone Takes Cautious Approach To Its Annual 2022-2023 Objectives

Wavestone SA

08/03/2023 17:35

March 8 (Reuters) - Wavestone SA  WAVE.PA :
    * ANNUAL OBJECTIVES FOR 2022/23: MORE CAUTION ABOUT EBIT
MARGIN
TARGET
    * CONSOLIDATED ANNUAL REVENUE OBJECTIVE OF OVER EUR525M IS
CONFIRMED
    * TAKING A MORE CAUTIOUS APPROACH TO ITS 2022/23
PROFITABILITY
OBJECTIVE AND IS NOW AIMING FOR AN ANNUAL EBIT MARGIN OF ABOUT
14.5%, VERSUS. 15% INITIALLY
    * CONSULTANT UTILIZATION RATE FOR Q4 2022/23 (JANUARY TO
MARCH
2023) IS THEREFORE EXPECTED TO BE LOWER THAN FOR FIRST NINE
MONTHS OF YEAR

Source text for Eikon:  ID:nACT78848 
Further company coverage:  WAVE.PA 

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