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Press release WAVESTONE Growth of 4 % in Q4 2020/21 A strong end - of - year position Paris , April 27 , 2021 , 6pm Revenue In Єm - unaudited consolidated data 2020/21 2019/20 Change Change at constant scope * and on a constant forex basis Q1 94.4 98.3 -4 % -10 % Q2 92.4 96.2 -4 % -4 % Q3 111.8 112.7 -1 % + 3 % Q4 119.1 114.9 + 4 % + 7 % Twelve - month total 417.6 422.0 -1 % -1 % * Excluding WGroup , which has been consolidated since 08/01/2019 . 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 ) . Consultant utilization rate of 75 % in Q4 ; and a rate of 71 % for the 2020/21 fiscal year Strong order intake since the summer of 2020 , underpinned by revitalized business - development activity and the success of measures to minimize workflow disruption at the start of the 2021 calendar year , enabled the utilization rate to be maintained at a good level over the final quarter of the fiscal year . It stood at 75 % for the period , broadly stable compared with Q3 , and in contrast to 68 % in Q2 , and 63 % in Q1 . Over the entire 2020/21 fiscal year , the consultant utilization rate was 71 % , the same level as in 2019 / 20¹ . Prices moving toward stabilization in Q4 , with a full - year decline in line with expectations After three consecutive quarters of price erosion , the average daily rate stabilized in Q4 . It stood at € 842 over the whole of the fiscal year , a decline of -4 % , compared with the average sales price of € 878 recorded for 2019/20 . This decline is in line with the -3 % to -5 % range announced at the start of the fiscal year . 1 As a reminder , these figures are directly comparable , because the use of furlough measures for the 2020/21 fiscal year does not feature in the calculation of the firm's consultant utilization rate . 1