GL Events : Good H1 results, guidance revised up
>Good-quality interim results - Following already published H1 revenues, at +19% (notably the Olympic Games effect), yesterday evening GL Events published interim results that we consider to be of good quality.EBITDA was up +17% to € 116m (vs € 100m), i.e. down “just” -20bp.In detail, the Live division (provision of services), up 35% for revenue, saw EBITDA margin improve by +240bp to 11.6%, thanks to i/ significant volumes for jumbo events (namely the Olymp...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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