WAVESTONE: Resumption of Wavestone s dividend payment policy for the 2020/21 fiscal year
At its meeting on January 29, 2021, Wavestone s Supervisory Board approved the Management Board s proposal to resume the company s dividend payment policy. The decision was made in light of the firm s improved performance and the resilience of the outlook in the consulting market, despite the health situation.
A resolution to this effect will therefore be proposed at the Shareholders Annual General Meeting on July 27, 2021, which will approve the accounts for the 2020/21 fiscal year. The level of the proposed dividend will be determined in relation to the accounts closed on March 31, 2021.
As a reminder, Wavestone took the decision to exceptionally suspend its dividend payment policy in the context of the Covid-19 crisis. As a result, no dividend was paid for the 2019/20 fiscal year.
WAVESTONE: Q3 2020/21: Levels of business activity better than expected - Annual revenue target raised to EUR 410m
2020/21 Q1
1 Without WGroup, consolidated since 08/01/2019.
In Q3 of the 2020/21 fiscal year (October 1 to December 31, 2020), Wavestone generated consolidated revenue of €111.8m, which was higher than forecast and broadly stable compared with Q3 2019/20 (-1%).
At constant scope and exchange rates, excluding WGroup, revenue grew by +3% over the quarter, compared with a decline of -7% in H1.
Strengthened by this good Q3 result, revenue for the first nine months of the 2020/21 fiscal year reached €298.5m, a decline now limited to -3%, or -4% at constant scope and exchange rates.