GL Events : Q3 beats forecasts, 2022 guidance raised, excellent momentum
>A good quality Q3, a very positive surprise - The group published yesterday its Q3 earnings which beat our estimates by far, up 23% at € 280m, while we had expected growth of 9% to € 248m.It is interesting to note that excluding China, group sales are at the same level as 2019.Live (60% of sales at 9M – provision of services): € 184m in Q3, a performance up 50%. Q3 is driven by the international segment (Commonwealth Games, 2022 World Cup in Qatar, the F1 G...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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