Wavestone has reported a 2% decline in net income to 50.1 million euros for the 2022-23 financial year, with recurring operating margin down 1.4 points to 14.5%, in line with the level announced last March.

The firm's sales amounted to 532.3 million euros, up 13% and in line with its target of sales in excess of 525 million. At constant exchange rates and scope of consolidation, annual growth was +7%.

The Board of Directors will propose to the Annual General Meeting on July 27 the payment of a dividend of 0.38 euro per share for the 2022-23 financial year, identical to that paid in 2022, representing 15% of net income, Group share.

For the 2023-24 financial year, Wavestone is targeting sales in excess of 580 million euros, i.e. total growth of 9%, and is aiming to achieve an annual recurring operating margin of around 15%.

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