Top line hit expectations again
Elis' Q1 revenue hit expectations, coming out at EUR1,013m up 18.3% organically while the consensus was at EUR987m with organic growth of 15.6%. Although the company has simply maintained 2023 guidance, we think this is conservative and organic revenue growth could be revised upwards later. Conside
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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