Brief: Gl Events SA - FY Financial Update

GL Events SA

04/03/2021 17:30

GL Events SA  GLTN.PA :
    * GL EVENTS SA - FY FINANCIAL UPDATE
    * GL EVENTS SA - FY EBITDA LOSS EUR 21.0 MILLION VERSUS
PROFIT OF
EUR 184.9 MILLION YEAR AGO
    * GL EVENTS SA - FY NET LOSS ATTRIBUTABLE TO SHAREHOLDERS
EUR 74.3
MILLION VERSUS PROFIT OF EUR 55.1 MILLION YEAR AGO
    * GL EVENTS SA - IN 2020, GL EVENTS HAD NET CASH FLOWS OF
-€151
MILLION (VERSUS. €110 MILLION IN 2019)
    * GL EVENTS SA - AT 31 DECEMBER 2020, NET DEBT AMOUNTED TO
€681
MILLION
    * GL EVENTS SA - HAS DECIDED TO NOT PROPOSE THE DISTRIBUTION
OF
DIVIDEND FOR FISCAL 2020.
    * GL EVENTS SA - OUTLOOK: IS EXPECTING THE ECONOMIC
ENVIRONMENT TO
REMAIN UNCERTAIN AND VOLATILE IN 2021, AS A CONSEQUENCE OF THE
COVID -19 EPIDEMIC
    * GL EVENTS SA - OUTLOOK: WE EXPECT THE LEVEL OF REVENUE TO
REMAIN
LIMITED IN THE 2021 FIRST QUARTER

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Further company coverage:  GLTN.PA