Stong H1; guidance on profitability upgraded
Elis has published solid H1 financial results with revenue organic growth at 15.2% and adj. EBITDA margin up 90bps to 33.2%. These results are slightly ahead of consensus' expectations. Management also upgraded the guidance on profitability, with notably adj. EBITDA margin edged up from 33.5% to 33
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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