Wavestone rises on resilient cash flow, FY guidance

Wavestone SA

03/06/2025 08:42

** Shares of Wavestone WAVE.PA rise 4.3% after the French IT provider posted strong cash generation and said it expected positive organic growth this year despite market volatility

** The group on Monday reported FY revenue of EUR 943.7 million ($1.08 billion), up 35% y/y, in line with its revised targets

** Midcap analysts point to "very solid cash generation" in a research note, after a 31% rise in cash flow from operations to EUR 133.4 million

** "In a market that remains as uncertain as ever, the group is targeting positive organic growth and a recurring operating margin in excess of 13%," the brokerage adds

** Wavestone also announces a 21% dividend increase to EUR 0.46 per share

** Including Tuesday's rise, the stock has gained 24.5% YTD

($1 = 0.8760 euros)

 (Reporting by Alban Kacher)

 ((alban.kacher@thomsonreuters.com; +48 58 769 65 87))