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WAVESTONE: 2020/21 annual results: EBIT margin solid at 12.8% and strong cash flow generation


WAVESTONE: 2020/21 annual results: EBIT margin solid at 12.8% and strong cash flow generation
At its meeting of June 1, 2021, Wavestone s Supervisory Board approved the consolidated annual accounts as at March 31, 2021, which are summarized below. Auditing of the accounts is complete and the auditors are in the process of issuing their report.
Consolidated audited data at 3/31 (in €m)
2020/21
Operating income
Income tax expenses
Net margin
A strong end-of-year position for 2020/21: decline in annual revenue limited to -1%
At the end of the 2020/21 fiscal year, Wavestone s consolidated revenue stood at €417.6m.
Buoyed by a progressive improvement in business activity in H2, the company recorded a limited decline in annual revenue of -1% (identical decline at constant scope and exchange rates). This trend demonstrates the firm s solid outperformance of the market, in a consulting sector where revenue fell by about 13% worldwide over 2020 (sour ....

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RFID and Barcode Printer Market worth $5.3 billion by 2026 - Exclusive Report by MarketsandMarkets™

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Hornbach Holding AG & Co. KGaA: Hornbach optimistic after record results


Hornbach Holding AG & Co. KGaA: Hornbach optimistic after record results
DGAP-News: Hornbach Holding AG & Co. KGaA
/ Key word(s): Annual Report/Annual Results
27.05.2021 / 07:00
Hornbach optimistic after record results
Preliminary 2020/21 figures published in March now confirmed upon presentation of DIY Group s Annual Report:
- Strong customer demand drives consolidated sales up 15.4 % to Euro 5.5 billion
- Significant growth in online business
- Adjusted operating earnings (EBIT) rise 44 % to Euro 326 million
- Increased dividend announced for both shares
- Ongoing high demand at start of 2021/22 spring season
 
Bornheim/Pfalz, May 27, 2021. High demand for construction and DIY products during the coronavirus pandemic brought record results for the Hornbach Group (Hornbach Holding AG & Co. KGaA Group) in its 2020/21 financial year (March 1, 2020 to February 28, 2021). The dynamic sales performance continued in the first three mo ....

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