Wavestone shares rose on Tuesday on the Paris Stock Exchange following the consulting firm's publication of annual results in line with expectations, which helped reassure the market about its outlook and cash flow generation.

At 10:20 a.m., the share price of the specialist in strategic transformation for large companies was up 6.8%, one of the strongest gains on the Paris market.

The group reported this morning recurring operating income of €119.1m for FY 2024/25, ended in March, up 17%.

Its recurring operating margin stood at 12.6%, in line with the revised annual target set last December (12.5%).

Net profit reached €75.9m, up 30% compared to the previous fiscal year.

As previously reported, consolidated revenue stood at €943.7m, up 35%, but stable in organic terms, i.e., excluding the recent acquisitions of Q_Perior and Aspirant Consulting.

For the 2025/26 financial year, Wavestone expects to achieve positive organic growth and is targeting a recurring operating margin of over 13%.

These targets are based on constant exchange rates and exclude acquisitions, the company said in a statement.

Overall, analysts this morning welcomed the forecasts, which they deemed "reassuring," as well as the "solid" cash flow, with net cash flow from operations reaching €89.3m for the past fiscal year, compared with €83.1m a year earlier.

Since the beginning of the year, Wavestone shares have gained more than 25%, compared with an increase of around 7% for the CAC Mid & Small index.


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