Mister Spex: reassuring Q1 numbers
Mister Spex has posted reassuring Q1 numbers this morning, with sales performance in line and stronger-than-expected margin delivery, including a 440bp-expansion in the GM. Albeit negative, FCF was close to B/E point, -EUR1.5m, thanks to positive operating CF and lower capex, leading to a NCP pre-I
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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