BIC: Q4 beats expectations, FY25 targets in line.
FY24 results, released yesterday evening, showed a 5% beat on Q4 aEBIT expectations, driven by stronger-than-expected LFL growth (+4.4% vs. +2.7%e) and tight cost control. FY25 sales and aEBIT targets may appear relatively conservative in light of Tangle Teezer's contribution, but they were largely
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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