BIC: impressive Q3 margin performance and FY guidance upgrade
Yesterday evening, BIC unveiled in-line Q3 sales of around EUR540m with a slight beat in terms of LFL performance (+0.2% vs. CSSe of -0.3%) thanks to a promising rebound in the Flame for Life division. More importantly, we highlight the group's robust aEBIT performance which exceeded the CSSe by 22
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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