Report
Cedric Rossi

BIC forced to cut FY25 outlook after a perfect storm in Q1

We were bracing for severe turbulence in Q1 due to the weak retail environment in the US and a demanding comparison base for the rest of the world, but these headwinds proved to be more painful than expected (-10.9% LFL vs. CSSe of -7.5%), forcing the group to cut its FY25 outlook for sales (0-3% F
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Cedric Rossi

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