Kempower: FY24 profit warning
Yesterday evening, Kempower adjusted its earning outlook for 2024, now eyeing EUR220-260m revenue (-38% vs previous guidance range at EUR360-410m) and a negative operating FY EBIT margin with breakeven in Q4 (vs 5-10% previous guidance). This compares with consensus at EUR356m revenue with 7% opera
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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