Report
Cedric Rossi

Q3 results beat and an attractive defensive profile

Yesterday morning, Fielmann posted stronger-than-expected Q3 numbers, with LFL growth in double-digits for the third consecutive quarter (+10% LFL), as well as a sharp rebound in margins thanks to positive operating leverage. Fielmann confirmed it FY23 sales and profit outlook which was raised last
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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
Cedric Rossi

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