Wavestone rises on return to organic growth
30/10/2026 08:54
BUZZ-Wavestone rises on return to organic growth ** French management consultancy firm Wavestone WAVE.PA rises 6.3% after returning to organic growth in Q2
** Revenue for the second quarter reaches €230.2 million, up 2% year-on-year, with organic growth of 1%
** TP ICAP Midcap sees an "encouraging recovery in the consultant utilization rate thanks to the operational improvement measures undertaken by the group and a cautious approach to recruitment"
** Portzamparc says the return to organic growth shows that "the worst is not necessarily inevitable, even though management’s tone has been particularly cautious for several months"
** Up to the previous session's close, shares were down 41.7% year-to-date
(Reporting by Lucie Barbier in Gdansk)