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Clement Genelot

Delivery Hero: Peso hurting Q4, appealing FY 24 prospects

Ahead of the Q4 trading update on 14th February, we have cut our FY 2023 sales estimate by 2% notably because of the Peso devaluation while lifting our FY 2023 EBITDA by 9% with a faster loss reduction across dark stores and Glovo geographies. In a still unanswered valuation debate within the food
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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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Clement Genelot

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