(CercleFinance.com) – Oddo maintains its outperformance rating on GL Events, with a turnover raised from 20 to 23 euros.
The analysis office reports that GL Events published last night an annual turnover of 1,315 ME, i.e. a growth of 77% vs 2021, while the group had given a growth guidance of more than 55%.
The analyst highlights a 4th quarter ‘really well above expectations’, which came out at 510 ME when Oddo was counting on 344 ME. Oddo thus evokes “a historic record” and believes that this level could have been even higher if the situation in China had been normal.
“The group will formulate official guidance during the 2023 results, but it should count on growth and a reduction in its gross debt”, anticipates the analysis office.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
