No surprises in FY 2022 figures but disappointing outlook
Nexi has unveiled a set of in-line Q4 and FY 2022 results this morning with Q4 2022 revenues of EUR879.5m (+4.0%) and EBITDA margin at 51.3%. Despite being in line with expectations, these figures are weak in absolute terms and we consider guidance disappointing. The latter points to at least 7% or
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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