Report
Cedric Rossi

BIC: FY24 sales warning due to Lighters

Yesterday evening, BIC cut its FY24 sales guidance from +5/+7% FX-n (excl. Argentina) to LSD growth, again due to Lighters. Following soft Q1 numbers caused by a negative performance in Lighters (see our comment here), management was expecting a gradual improvement throughout the course of the year
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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.

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Cedric Rossi

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