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Press release WAVESTONE Paris , December 6 , 2021 , 6pm Record profitability in H1 2021/22 ; annual objectives strengthened Impact , Wavestone's new strategic plan At its meeting of December 6 , 2021 , Wavestone's Supervisory Board approved the consolidated half - yearly accounts as at September 30 , 2021 , which are summarized below . These accounts have been subject to a limited review by the statutory auditors , who are in the process of issuing their report . Consolidated data ( in Єm ) Limited review for data at 09/30 Audited data for data at 03/31 H1 2021/22 ( 6 months ) H1 2020/21 ( 6 months ) 2020/21 Change ( 12 months ) Revenue 217.8 186.8 + 17 % 417.6 EBIT 31.8 14.3 + 122 % 53.3 EBIT margin 14.6 % 7.7 % 12.8 % Amortization of client relationships ( 0.7 ) ( 0.7 ) ( 1.5 ) Other operating income and expenses ( 0.9 ) ( 0.1 ) ( 8.5 ) Operating income 30.1 13.5 + 123 % 43.3 Cost of financial debt ( 0.5 ) ( 0.6 ) ( 1.1 ) Other financial income and expenses ( 0.3 ) ( 0.6 ) ( 1.5 ) Income tax expenses ( 8.7 ) ( 5.3 ) ( 15.3 ) Group share of net income 20.7 7.0 + 198 % 25.4 Net margin 9.5 % 3.7 % 6.1 % Revenue from organic growth up by + 15 % in H1 2021/22 In H1 2021/22 , Wavestone generated revenue of € 217.8m , up 17 % year - on - year - and 12 % compared with H1 2019/20 , prior to the health crisis . At constant scope and exchange rates , excluding Everest Group consulting , half - year organic growth stood at 15 % - driven by sustained demand , especially from major transformation projects . Acceleration of recruitment plan in 2021/22 At September 30 , 2021 , Wavestone had 3,476 employees , compared with 3,453 six months earlier . At the same date , the staff turnover rate stood at 15 % on a rolling 12 - month basis . Over the whole of the fiscal year , Wavestone expects a turnover rate of between 15 % and 20 % - higher than its initial target of 15 % . To offset this higher - than - expected rate , and with excellent visibility on future projects , the company has accelerated recruitment activity in H2 2021/22 ; Wavestone is now targeting about 900 new starters over the year , compared with the 800 envisaged initially .