LECTRA BUY | EUR45 Good resistance Chinese lockdowns; strong orders in automotive
º Q2 results were slightly below expectations, but remained decent despite lockdowns in ChinaNew system orders hold up well thanks to automotive
Company guidance for 2022 has been tightened toward its mid-point
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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