GL Events : Excellent Q4 2019 revenues, despite the COP25 being moved from Chile to Spain
>Q4 2019 revenues top our forecasts - GL Events reported Q4 2019 revenues of € 323m, beating our estimate of € 310m (also close to the consensus), showing growth of +19.4% with 13.6% l-f-l growth. All divisions slightly outperformed versus our estimates.Full-year revenues showed growth of +12.7% with 6.5% l-f-l to € 1,173m. The impact of acquisitions (especially in China) was +6.5%, and the currency impact was -0.3%. The group generated 51% of its revenues outsid...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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