Operational indicators
| 06/30/2023 (T1) | 09/30/2023 (S1) | 12/31/2023 (9 months) | 03/31/2024 (FY) | |
| Utilization rate | 73% | 73% | 73% | 73% |
| Average daily rate | € 896 | € 900 | € 898 | € 898 |
| Order Book | 4.2 months | 3.6 months | 4.2 months | 4.1 months |
| Headcounts | 4,348 | 4,305 | 5,764 | 5,894 |
Simplified income statement
| (€m) | 2023/24 | 2022/23 | VARIATION | 2023/24 pro forma2 |
| Revenue | 701.1 | 532.3 | +32% | 948.3 |
| Recurring operating profit1 | 101.3 | 77 | +32% | 123.9 |
| Recurring operating margin | 14.5% | 14.5% | 13.1% | |
| Operating income | 85.8 | 72.7 | +18% | 103.4 |
| Net profit | 58.6 | 50.1 | +17% | 68.5 |
| Net margin | 8.4% | 9.4% | ||
| Group share of net income | 58.2 | 50.1 | +16% | 67.7 |
1 Recurring Operating Profit (ROP) is an alternative performance indicator related to current activities. This indicator corresponds to the « Operating income » adjusted for the following amortization of customer relationships and other operating income and expenses. It should be noted that the ROP is identical to the aggregate previously named EBIT (“résultat opérationnel courant”) in Wavestone’s financial communication.
2 the 2023/24 pro forma accounts have been calculated as if the acquisitions of Q_PERIOR and Aspirant Consulting had taken place on April 1, 2023.
| (€m) | H1 2022/23 | H1 2022/23 | VARIATION |
| Revenue | 276.7 | 237.1 | +17% |
| EBIT | 36.8 | 29.7 | +24% |
| EBIT margin | 13.3% | 12.5% | |
| Operating profit | 33.2 | 25.7 | +29% |
| Group share of net income | 23.0 | 17.9 | +28% |
| Net margin | 8.3% | 7.6% |
Summary cash flow statement
| (€m) | 2023/24 | 2022/23 |
| Self-financing capacity before net financial debt and tax expenses | 101.8 | 83.8 |
| Net cash flow from operating | 83.1 | 41.1 |
| Net cash flow from investments | (69.0) | (52.7) |
| Net cash flow from financing operations | (7.4) | (25.8) |
| Change in cash & equivalents | 6.7 | (37.4) |
| (€m) | H1 2022/23 | H1 2022/23 |
| Self financing capacity before net financial debt and tax costs | 39.4 | 30.1 |
| Change in working capital | (20.3) | (25.4) |
| Net cash flow from operating activities | 9.3 | (7.5) |
| Net cash flow from investing activities | (6.5) | (52.1) |
| Net cash flow from financing activities | (19.7) | (21.1) |
| Change in cash & equivalents | (16.9) | (80.8) |
Breakdown of share capital
Balance sheet
