Kempower: powering forward
Yesterday, Kempower published FY 2023 results in line with the guidance update in October 2023 (EUR283.6m revenues and 14.3% EBIT vs EUR280-310m and >14%), albeit missing consensus expectations (EUR298m and 15.4% respectively). Kempower now targets revenues of EUR360-410m with EBIT margin of 5-1
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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