Wavestone shares rise as H1 points to business climate 'warming up'

Wavestone SA

03/12/2025 08:35

** Shares in French IT provider Wavestone WAVE.PA gain around 6%, boosted by "solid" H1 results and targets reiteration

** Wavestone's net income rises around 11% to EUR 30.3 million ($35.3 million) on revenues remaining stable at EUR 458.1 million

** The company reports "solid half-year results, managing to absorb the impact of a lower utilisation rate," TP ICAP Midcap says

** The broker says that despite cautioning about a possible slowdown in Q4, Wavestone gives the impression the business climate is warming up slightly

** Portzamparc notes the confirmation of expected improvement in Q3 heralding the "long-awaited" rebound in the utilisation rate

** Shares are on track for their best day since the beginning of June if gains hold

($1 = 0.8591 euros)

(Reporting by Jakob Van Calster)

((jakob.vancalster@thomsonreuters.com ))