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...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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