Bryan Garnier - LMK GROUP (LMKG.ST) LMK GROUP: Q3 growth below expectations with EBITDA surprisingly negative | BUY | SEK157

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Bryan Garnier

Clement Genelot

LMK GROUP: Q3 growth below expectations with EBITDA surprisingly negative | BUY | SEK157

LMK GROUP - BUY | SEK157(+253%)
Q3 growth below expectations with EBITDA surprisingly negative

8.4% sales growth at c.FX in Q3, below expectations
Customer acquisition the main disappointment
Worse than expected EBITDA margin decline
Buy, comments regarding current trading and margins

09/11/2021 3 EN

Underlying

LMK GROUP

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Provider

Bryan Garnier

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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Analysts

Clement Genelot

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Bryan Garnier

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LMK GROUP: Q3 growth below expectations with EBITDA surprisingly negative | BUY | SEK157

LMK GROUP: Sharp business deterioration leaves LMK in cash preservation mode | NEUTRAL vs. BUY | SEK21 VS. SEK57 (+74%)

LMK GROUP: 2023 can still be saved by revamped marketing, 2022 can no longer | BUY | SEK57 VS. SEK96 (+161%)

LMK GROUP: Disappointing Q1 on both sales and margin | BUY | SEK96

ONWARD: from brainGPT to ARC-BCI – fireside chat with the founders

Avantium: joint-development progress in textiles

Egetis: Article highlights Emcitate's broad efficacy in MCT8 deficiency

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