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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CAPITAL GOODS
- Q1 revenue missed consensus by 1.5% at (+11% YoY) with Parts & Service seeing organic growth of -0.3% vs. gross margin of 39.2% vs. consensus 39.9%.
- FY24 org growth revenue seen at +2.5-4.5% (had seen +3.5-5.5%). EPS guidance also lower.
- Leverage of 2.3x was flat to FY23. FCF of USD 187mn vs. USD 153mn in Q123
- EUR spreads tighter on the day – EUR 28s are -4bp having moved tighter since results.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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