GL Events unveils its annual turnover on January 20, the expectations of an analyst firm

GL Events was able to bounce back in 2021. The group specializing in the various event-related businesses will publish its turnover for the past financial year on Thursday January 20. No surprise according to the firm Midcap Partners, since the group had already raised its annual guidance at the end of December, counting on a business volume of approximately 720 million euros”.

The company benefited from a very dynamic year-end, with ” fourth quarter revenue expected to be 2.5 times higher than last year at more than 282 million euros “. The ” return to pre-crisis activity levels in recent months “, mainly thanks to ” to the postponement effects of trade fairs and the Arab Cup in Qatar, which generated 12 million euros in business volume.

Delicate health context in 2022

At the same time, the group benefited from additional aid to compensate for the many months of closure”. This aid, coupled with the commercial dynamism of the 2021 financial year, will enable GL Events to end the year with a ” expected net income above 10 million euros over the year “.

Despite these good performances and this return to a pre-crisis level of activity, Midcap Partners expects above all the first elements concerning 2022 while the health context remains delicate “. Even though the group for the moment escapes the application of the gauges », attendance at events organized by the company should be strongly affected. The future implementation of the vaccination pass “ should also have a potentially greater impact, especially for potential international visitors “.

The firm is betting on caution and prefers, in the short term, to maintain its opinion to “keep” as well as its target price at 17 euros.