GL events: buoyant after full-year sales

(CercleFinance.com) - GL events shares are up 3% on the heels of the events specialist's announcement of sales of E431m for Q4 2024, up over 4% and higher than the E410m expected by Oddo BHF.


Deeming this performance remarkable, in view of the base effect of last year's jumbo events, the analyst also points to an improved margin guidance, at +15% versus at least +13% previously, for both EBITDA and net income, group share.

This is a quality publication, and the outlook is attractive. In our view, the only element that remains to be resolved is Sofina's shareholding, which creates a de facto overhang. However, the Chairman has announced that he intends to settle this matter shortly, it continues.


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