Brief: GL Events H1 EBITDA Up At 22.2 Million Euros

GL Events SA

22/07/2021 17:57

July 22 (Reuters) - GL Events SA  GLTN.PA :
    * H1 EBITDA EUR 22.2 MILLION VERSUS EUR 3.0 MILLION YEAR AGO
    *  AT 30 JUNE 2021, REVENUE FOR FIRST SIX MONTHS REACHED EUR
209.8
MILLION (-21.4% FROM ONE YEAR EARLIER)
    * H1 NET LOSS GROUP EUR  31.4 MILLION VERSUS LOSS EUR 31.5
MILLION
YEAR AGO
    * AT 30 JUNE 2021, GROUP'S CASH POSITION THUS STOOD AT EUR
462
MILLION, UP IN RELATION TO 31 DECEMBER 2020
    * REDUCED NET DEBT TO EUR 662 MILLION AT 30 JUNE 2021
COMPARED TO
EUR 681 MILLION AT 31 DECEMBER 2020
    * SHOULD BENEFIT FROM RESCHEDULING OF MAIN EVENTS INITIALLY
PLANNED FOR FIRST HALF
    * SALES REVENUES ESTIMATED FOR 2021 ARE EXPECTED TO APPROACH
EUR
700 MILLION
    * LOOKING FORWARD TO A HIGH LEVEL OF ACTIVITY IN THE FOURTH
QUARTER, SUBJECT TO THE IMPACT OF THE  DELTA VARIANT AND THE
CONTINUING IMPLEMENTATION OF THE VACCINATION CAMPAIGN
    * ANNOUNCEMENTS BY FRENCH GOVERNMENT CONCERNING "HEALTH
PASS" ARE
POSITIVE AND OFFER GENUINE PROSPECTS FOR A RECOVERY AND
CONFIDENCE

Source text for Eikon:  ID:nNDL6jfRKZ 
Further company coverage:  GLTN.PA 

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