FY22 results in line with analysts' expectations
Sales grew 19% in FY 2022 in line with consensus expectations. While H2 2022 sales stagnated vs H1 2022 (+2% sequential growth), the group recorded strong new orders, expanding its backlog to six months of sales. Adjusted EBITA margin was also in line with expectations (EUR235m vs css EUR233m) at 1
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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