WAVESTONE: Growth of 4% in Q4 2020/21 - A strong end-of-year position
2020/21 Q1
Annual revenue of €417.6m, a limited decline of -1%
In Q4 of the 2020/21 fiscal year (January 1 to March 31), Wavestone recorded a consolidated revenue of €119.1m, an increase of +4%. On a constant scope and forex basis, organic growth was +7% over the quarter.
The improvement in business activity, already visible in Q3, continued during the final months of the fiscal year - resulting in a fourth quarter that outperformed expectations.
Over the full 2020/21 fiscal year, Wavestone s consolidated revenue stood at €417.6m, exceeding the target of €410m set at the end of January. It amounts to a limited decline of -1% (the decline being identical at constant scope and exchange rates).
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Wavestone has been informed by FIH, a family holding company controlled by Pascal Imbert, CEO, of movements in the voting rights it holds within the firm.
On March 29 and April 1, 2021, FIH acquired double voting rights linked to the 4,847,158 Wavestone shares it holds.
FIH also granted, on April 1, 2021, a proxy for 2,865,000 voting rights attached to the share it holds, to Maître Thomas Prud homoz, a notary in Paris.
This proxy has been granted until December 9, 2021 inclusive, on an irrevocable basis and without any voting instructions. FIH and Maître Thomas Prud homoz have declared that they are not acting as a joint ownership structure and confirm, as is necessary, that the proxy given does not constitute a new joint ownership structure.