Brief: GL Events FY Current Operating Result Turns To Profit Of EUR 72.6 Mln

GL Events SA

09/03/2022 17:56

March 9 - GL EVENTS SA  GLTN.PA :
    * FY REVENUE EUR 741.2 MLN VS EUR 479.4 MLN YEAR AGO
    * FY CURRENT OPERATING INCOME EUR 72.6 MLN VS LOSS OF EUR
63.3 MLN
YEAR AGO
    * FY NET PROFIT ATTRIBUTABLE TO GROUP SHAREHOLDERS EUR 15.2
MLN VS
LOSS OF EUR 77.4 MLN YEAR AGO
    * CASH POSITION OF EUR 629 MLN AT END-DEC 2021
    * OUTLOOK 2022: EXPECTS REBOUND IN ACTIVITY TO REMAIN ON
TRACK IN
FY 2022, WITH A PRONOUNCED SEASONALITY EFFECT IN H2 2022
    * OUTLOOK 2022: EXPECTS SALES GROWTH OF MORE THAN 30%
COMPARED TO
2021
    * OUTLOOK 2022: GOAL TO RETAIN SAVINGS IN FIXED COST OF
€20M-€30M
IN 2022 (IN RELATION TO 2019) WHILE CONTINUING TO REDUCE ITS
DEBT
    * OUTLOOK 2022: EXPECTS A RETURN TO POSITIVE OPERATING CASH
FLOW
GENERATION OF AROUND €100M
    * BOARD OF DIRECTORS PROPOSES THAT NO DIVIDEND BE
DISTRIBUTED FOR
2021
    * ON UKRAINE CRISIS: GROUP DOES NOT OPERATE IN RUSSIA AND
UKRAINE,
HOWEVER, PARTICULAR ATTENTION WILL BE PAID TO THE ECONOMIC
IMPACTS RELATING TO RAW MATERIAL COSTS  

    
 Source text for Eikon:  ID:nNDL8gYNdL 
 Further company coverage:  GLTN.PA  
   


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