Report
Clement Genelot

Ceconomy: "growth businesses" continue to overshadow softening German backdrop

Post-Q2, we have cut our FY sales and EBIT by 1% and 2% to reflect a softening German environment while still believing in the company's ability to meet its FY 2024/25 and 2025/26 EBIT targets. We believe the back-end loaded contribution capacity of "growth businesses" is underestimated by the cons
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
Clement Genelot

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