LMK GROUP - BUY | SEK99 FY 21 results: material profitability miss
-2.6% sales growth at c.FX in Q4, slightly below expectationsActive customers being the main disappointment
EBITDA margin declining much deeper than expected, is inflation biting harder and quicker?
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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