(AOF) – GL Events, a specialist in the event business, unveiled as of June 30, 2023, net income Group share of 32 million euros, up 88% compared to the first half of 2022. Half-year turnover grew by 32%, to 690.2 million euros. A performance better than expected and allowed thanks to the rebound of trade shows in Europe, the recovery of activity in China and the vitality of the Brazilian economy. The Group’s EBITDA margin rate stands at 14.4%.
The group now anticipates in 2023 a growth in its turnover of around 8% (5% initially announced) and an improvement in its margin rate.
In addition, GL Events is stepping up its investment program in order to support the group’s growth, with operational CAPEX exceeding 100 million euros for the 2023 financial year.
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