Groupe SEB: Q3 sales beat showing the beauty of its diversified business model
Indeed, Groupe SEB posted stronger-than-expected LFL growth in Q3 (+4% vs. CSSe of +3.1%). This good performance was thanks to a strong acceleration in Consumer, which more than offset a steep decline in Professional on top of a challenging comparison base. The 70bp-erosion in Q3 ORfA margin result
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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