The French financial services company has reported ‘solid results’ and a ‘robust business performance’ for the first quarter of 2023 amid an uncertain and complex economic and financial environment.
Société Générale (SG) Group posted revenues of €6.7 billion (US$7.3 billion) for Q1 2023 – down 3.8% year-on-year (YoY). Revenues for the global markets business, which houses the group’s structured products business, reached €1.7 billion – a 3.2% decrease versus Q1 2022 – despite ‘robust commercial activity, particularly in the rates activities and financing businesses’. It was once again excellent quarter, with total
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