Report
Thibault Morel

Impressive margins in Q1 2023, cautious optimism for FY 2023

HMS Group recorded SEK682m in new orders in Q1 2023 (BG: SEK646m, css: SEK658m), reflecting a slower than expected easing in demand, despite a -20% YoY decrease. The slowdown was most notable in Europe and Asia. Q1 2023 sales were SEK773m, resulting from an easing in critical components supply in o
Underlying
HMS Networks AB

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
Thibault Morel

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