Revenue
In €m - unaudited consolidated data 2021/22 2020/21 Change Change at constant scope1
and on a constant forex basis Q1 115.2 94.4 +22% +21% Q2 102.6 92.4 +11%
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WAVESTONE: 2020/21 annual results: EBIT margin solid at 12.8% and strong cash flow generation
At its meeting of June 1, 2021, Wavestone s Supervisory Board approved the consolidated annual accounts as at March 31, 2021, which are summarized below. Auditing of the accounts is complete and the auditors are in the process of issuing their report.
Consolidated audited data at 3/31 (in €m)
2020/21
Operating income
Income tax expenses
Net margin
A strong end-of-year position for 2020/21: decline in annual revenue limited to -1%
At the end of the 2020/21 fiscal year, Wavestone s consolidated revenue stood at €417.6m.
Buoyed by a progressive improvement in business activity in H2, the company recorded a limited decline in annual revenue of -1% (identical decline at constant scope and exchange rates). This trend demonstrates the firm s solid outperformance of the market, in a consulting sector where revenue fell by about 13% worldwide over 2020 (source: Source Global Research), a
Wavestone Acquires the Consulting Practice of Everest Group in the US, Companies Announce Global Research Strategic Alliance
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Wavestone expands US capabilities with acquisition of Everest Group Consulting and forms global strategic alliance with Everest Group Research.
Wavestone Acquires the Consulting Practice of Everest Group
“We see this as an opportunity for each firm to focus on what we do best, and not only grow our core businesses but also provide better services to our clients through our partnership.” - Pascal Imbert, CEO of Wavestone RADNOR, Pa. (PRWEB) May 10, 2021 Wavestone SA (WAVE:PA), a leading international consultancy, and Everest Group, a US-based company, have announced a significant undertaking: first, the acquisition by Wavestone of the Everest Group Consulting division to strengthen its consulting presence in the US, and second, the initiation of a strategic alliance betwe