GL events - Remarkable performance but still room for improvement
Historic 2023 results, slightly better than expectedOMC has almost reached an all-time high, although there are still areas where the recovery is not complete.Balance sheet ratios have improved and debt is fully sustainable2024 growth target likely to be exceededThe year will continue to be marked by a heavy investment program, which will limit debt reductionOpinion raised to Buy to take advantage of favorable newsflow and reasonable valuationGL 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.
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