Groupe SEB: Robust start to the year
Groupe SEB showed a stronger-than-expected LFL growth of 7.3% (CSSe: +6.2%) driven by a fourth consecutive quarter of growth above 5% in Consumer, whilst Professional posted another buoyant performance (+18.5% LFL). Q1 ORfA of EUR111m matched expectations (EUR110m) despite a more harmful FX impact
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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