Groupe SEB: Good set of FY23 numbers thanks to a robust H2 performance
Further to a stronger-than-expected Q4 LFL unveiled last month (see our comment), Groupe SEB yesterday reported a FY ORfA of EUR726m (CSSe: EUR718m). As such, FY23 ORfA margin expanded 120bp to 9.1%, which gives greater credibility to the FY24 target for a margin "around 10%". Groupe SEB also stren
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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