At the end of the first nine months of its 2022-23 financial year, independent consulting firm Wavestone posted sales of 376.2 million euros, up 11%, of which +5% on a like-for-like basis (with a day effect of -1%).

In its third accounting quarter alone, sales rose by 14% to 139.1 million, helped by the consolidation of Coeus Consulting in the UK. At constant exchange rates and scope of consolidation, quarterly sales rose by 6%.

Wavestone confirms its 2022-23 annual targets of sales in excess of 525 million euros, taking into account the consolidation of PEN Partnership and Coeus Consulting, and a recurring operating margin of around 15% for the year.

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