Report
Clement Genelot

Fnac Darty: FY 23 guidance threatened by poor Christmas sales

Ahead of FY 2023 results due out in late February, we have cut our FY 2023 EBIT by 6% to reflect what we believe was a poor Christmas season. With EBIT expected at EUR168m, we now consider FY guidance as out of reach and also question the consensus' optimism when it comes to FY 2024 as we are 2% be
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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
Clement Genelot

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