Q4 earnings season: we see little downside risk for Hugo Boss
Ahead of its preliminary results and FY2023 results due on 7th March, we expect further double-digit FX-n sales growth in Q4 (+13%e), driven by robust momentum in the US and an easier comparison basis in China. We should see a positive turning point at the GM level (+70bp to 62.1%e) even though the
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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