GL Events : A strong year in 2023, the 2024 guidance could be beaten in our view
>A strong year in 2023 - For its full-year 2023, GL Events reported underlying operating profit of € 133m (vs € 103m in 2022), above our forecasts. This gave an operating margin of 9.4% (vs 7.8% in 2022). EBITDA came to € 199m (ODDO BHF € 195m est.), an increase of 18% vs 2022. To recap, 2023 sales had already been reported in January at € 1,427m (+9% vs 2022). By division:Live (58%): Logistics and events engineering, sales of € 430.4m (-3% vs 2022), strong resil...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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