GL Events

GL events is an international provider of event solutions and services. Co. operates in three segments of the event industry market: the organization of trade fairs, conventions and events(Co. organizes proprietary trade shows); the management of venues(Co.'s venues are managed under concession agreements or long-term public-private partnerships); and services for events(Co. equips and installs every type of event). Co. assists companies, institutions, and event organizers at every stage of the process from the definition of their event strategies to final implementation in the field.
  • TickerGLO
  • ISINFR0000066672
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance
Geoffroy Michalet ...
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Sebastien Malafosse
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/16/2020

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Geoffroy Michalet ...
  • Thomas Renaud

GL Events : H1 in line with expectations, 2020...and 2021 forecasts adjusted

>H1 in line with expectations… - The group had indicated it expected profitability to work out at -€ 30m in the first half of the year when it published its FY revenue figures and this guidance was met without any great surprise. We were expecting zero EBITDA, and it worked at € 3m, almost in line with our estimate. The group managed to reduce its costs by € 69m at end-June and benefited from the government's support schemes (short-time working, government-backed loan...

Geoffroy Michalet ...
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Sebastien Malafosse
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 16/09/2020

...

Geoffroy Michalet ...
  • Thomas Renaud

GL Events : S1 en ligne, mais ajustement des attentes annuelles 2020…et 2021

>Sur le S1, en ligne… - Le groupe avait donné une guidance d’atterrissage de rentabilité de -30 M€e sur le semestre lors de la publication de son CA annuel, cette guidance est tenue sans grande surprise. Nous tablions sur un EBITDA nul, il ressort quasiment en ligne à 3 M€. Le groupe est parvenu à abaisser ses coûts à hauteur de 69 M€ à fin juin et a bénéficié des plans de soutien du gouvernement (chômage partiel, PGE, report de charges).Par division, c’est la ma...

Geoffroy Michalet

GL Events : Castex creates conundrum for GL Events…bans on gatherings of more than 5,000 people extended until 30 October (with some exceptions)

>Ban on gatherings of more than 5,000 people until 31 October (with some exceptions): bad news. - French prime minister Jean Castex yesterday announced the extension of the ban on gatherings of more than 5,000 people until 30 October (instead of 31 August). Note that France represents on average about 50% of the group's sales.This is bad news for GL Events, for which the months of September and October are traditionally important, particularly with the postponeme...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunities in Europe, Japan As markets pull back amid the tariff saga we continue to believe this is an attractive time to add exposure. This view is supported by the technicals with all major global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) pulling back to their respective 200-day moving averages... see charts below. • Actionable Sectors: Services and Consumer Staples in Europe and Japan. We often view the Services Sector as a defensive way to invest in Technology. We also highlight several Consumer Staples stocks within Europe (the STOXX 600 Food & Beverage index remains leader...

GL Events: 1 director bought

A director at GL Events bought 17,948 shares at 12.780EUR and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Geoffroy Michalet ...
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Sebastien Malafosse
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 09/16/2020

...

Geoffroy Michalet ...
  • Thomas Renaud

GL Events : H1 in line with expectations, 2020...and 2021 forecasts adjusted

>H1 in line with expectations… - The group had indicated it expected profitability to work out at -€ 30m in the first half of the year when it published its FY revenue figures and this guidance was met without any great surprise. We were expecting zero EBITDA, and it worked at € 3m, almost in line with our estimate. The group managed to reduce its costs by € 69m at end-June and benefited from the government's support schemes (short-time working, government-backed loan...

Geoffroy Michalet ...
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Sebastien Malafosse
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 16/09/2020

...

Geoffroy Michalet ...
  • Thomas Renaud

GL Events : S1 en ligne, mais ajustement des attentes annuelles 2020…et 2021

>Sur le S1, en ligne… - Le groupe avait donné une guidance d’atterrissage de rentabilité de -30 M€e sur le semestre lors de la publication de son CA annuel, cette guidance est tenue sans grande surprise. Nous tablions sur un EBITDA nul, il ressort quasiment en ligne à 3 M€. Le groupe est parvenu à abaisser ses coûts à hauteur de 69 M€ à fin juin et a bénéficié des plans de soutien du gouvernement (chômage partiel, PGE, report de charges).Par division, c’est la ma...

Geoffroy Michalet

GL Events : Castex creates conundrum for GL Events…bans on gatherings of more than 5,000 people extended until 30 October (with some exceptions)

>Ban on gatherings of more than 5,000 people until 31 October (with some exceptions): bad news. - French prime minister Jean Castex yesterday announced the extension of the ban on gatherings of more than 5,000 people until 30 October (instead of 31 August). Note that France represents on average about 50% of the group's sales.This is bad news for GL Events, for which the months of September and October are traditionally important, particularly with the postponeme...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 07/24/2020

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Applus to...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 24/07/2020

Le choc du COVID-19 dépasse largement les précédents impacts négatifs rencontrés depuis l’introduction en Bourse de Bureau Veritas (octobre 2007), que ce soit la crise financière (2008-2009), la chute brutale du cours du pétrole (2014-2015) ou la guerre commerciale (2019). Ces T2 2020 auront un caractère historique par l’ampleur de leur régression organique (à deux chiffres parfois) malgré des profils théoriquement résilients et diversifiés. Eurofins et Bureau Veritas sont nos valeurs...

Geoffroy Michalet

ODDO BHF Small & MIDCAP MORNING NEWS - 06/18/2020

We are maintaining our Neutral recommendation on Lagardère, with a new target price of € 14.5 (vs € 16). We are cutting our EBITA forecasts for 2020, mainly due to Lagardère Travel Retail and the likelihood of a very slow recovery. We also see diminishing speculative appeal for the stock following Groupe Arnault’s acquisition of a stake in Lagardère C&M. - ...

Geoffroy Michalet

ODDO BHF Small & MIDCAP MORNING NEWS - 18/06/2020

Nous réitérons notre opinion Neutre sur le titre Lagardère avec un nouvel objectif de cours de 14.5 € (contre 16 €). Nous abaissons notre prévision d’EBITA pour 2020 principalement en raison de Lagardère Travel Retail et d'une reprise probablement très lente. Nous estimons, par ailleurs, que la dimension spéculative du titre se réduit avec l’arrivée de Groupe Arnault au capital de Lagardère C&M. - ...

Emmanuel Matot ...
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jerôme Bodin
  • Johanna Jourdain
  • Michael Foundoukidis
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/22/2020

The current situation is worthy of a Bond film. A new shock strikes the oil services sector, amid a huge contraction in capex (-22% in 2020e) as a result of the COVID-19 crisis and disagreement between Saudi Arabia and Russia. The oil services sector enters a danger zone and, in case you had forgotten, there is a “licence to kill”! Fresh adjustments are set to emerge, tie-ups could gather momentum and in the closing action sequence, the state could emerge as THE last hope to save the ...

Due to a more favourable environment, GL EVENTS slightly increases to Neutral

GL EVENTS (FR), a company active in the Business Support Services industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date April 28, 2020, the closing price was EUR 10.12 and its target price was estimated at EUR 9.61.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Florian Béchaz

GL Events- Assemblée Générale des actionnaires du 19 Juin 2020

Proxinvest attire l'attention des actionnaires sur plusieurs points. Tout d'abord sur le conseil d'administration qui ne comporte toujours pas une majorité de membres indépendants. Proxinvest soutient cependant un représentant pour chacun des trois principaux actionnaires. De ce fait nous soutenons le renouvellement de la société Sofina et le renouvellement d'Olivier Ginon. Par ailleurs Proxinvest apprécie la nomination d'un nouveau membre indépendant. Par ailleurs, nous regrettons que les rémunérations des dirigeants ne soient toujours pas supportées par la société, mais par la holding Poly...

Florian Béchaz

Gl Events - Assemblée Générale des actionnaires du 19 Juin 2020

Proxinvest attire l'attention des actionnaires sur plusieurs points. Tout d'abord sur le conseil d'administration qui ne comporte toujours pas une majorité de membres indépendants. Proxinvest soutient cependant un représentant pour chacun des trois principaux actionnaires. De ce fait nous soutenons le renouvellement de la société Sofina et le renouvellement d'Olivier Ginon. Par ailleurs Proxinvest apprécie la nomination d'un nouveau membre indépendant. Par ailleurs, nous regrettons que les rémunérations des dirigeants ne soient toujours pas supportées par la société, mais par la holding Poly...

Florian Béchaz

GL Events - Assemblée générale des actionnaires du 26 avril 2019

Le conseil d'administration n'est pas majoritairement indépendant, avec un taux d'indépendance de seulement 15% d'après Proxinvest. Il est regrettable que la société n'ait pas saisi l'occasion des nombreuses fins de mandats à l'issue de la présente assemblée pour proposer la nomination de nouveaux administrateurs, sans conflit d'intérêts avec la société ou ses actionnaires. Ainsi, au lieu de renouveler le conseil, la société a préféré proposer le renouvellement de nombreux administrateurs non indépendants. Par ailleurs, nous regrettons que les rémunérations des dirigeants ne soient toujours p...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

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