Strong growth in 2022, now ready for the US
Yesterday Waga reported FY22 revenues of EUR19.2m in line with consensus expectations (+2% vs cons. at EUR18.8m and BGe at EUR20.8m). Revenue growth is set to accelerate significantly in 2023 as new units are commissioned (such as CanMata and Saint-Etienne-des-Grès) on already secured contracts. 29
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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