GL events: stock down after annual results

(CercleFinance.com) - GL events shares are down more than 4%, even following the publication of EPS that rose 12% to E2.
1 for 2023, with a recurring operating margin up 1.6 point at 9.4% on sales that rose 9% to E1.43bn.

The group's growth strategy, centered on its three core businesses - live, exhibitions and venues - continues to create value and has once again outperformed our annual targets, the events group said.

The Board of Directors will propose a doubled dividend of E0.70 per share for 2023, at its AGM scheduled for 25 April. Despite uncertain market conditions, GL events anticipates 7% sales growth in 2024.


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