SOMFY BUY | EUR155 Lower than expected Q2 sales: the storm is coming earlier and stronger than expected
º Negative organic growth in Q2, an unexpected -6% volume declineGrowth outlook significantly deteriorating
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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