Guidance for sales and margin declines in FY 2023
While there were no surprises in FY 2022 results, which were already released in February, the group has issued very cautious guidance for FY 2023, anticipating an 8% decline in sales at the midpoint vs (BG: +1%, css +4%) with management citing a "very gloomy" macroeconomic and geopolitical outlookBasler Kanotnalbank is the regional bank in the Canton of Basel providing mortgage loans commerical loans, loans and advances to public sector entities, forex and precious metal trading, note discounting, and trade in money market instruments. Co. maintains 51 branches in Switzerland.Through its subsidiary Einfache Ges. Kimmo, Co. is engaged in real estate activities. As of December 31, 2011, Co.'s total assets amounted to SFr38,760,230,000.
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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