Brief: GL Events Sees End-June Net Loss Of EUR 30 Mln

GL Events SA

17/06/2020 18:01

June 17 (Reuters) - GL Events SA  GLTN.PA :
    * GL EVENTS VENUES' SITES ARE EXPECTED TO GRADUALLY RESUME
ACTIVITY STARTING IN SEPTEMBER 2020
    * WILL SHOW A NET LOSS OF APPROXIMATELY €30 MILLION AT 30
JUNE
2020
    * GL EVENTS HAS REFINANCED ITS 2020 DEBT PAYMENTS BY
OBTAINING
DEFERRALS
    * ON DEBT-PATYMENTS: OBTAINED NEW MEDIUM-TERM FINANCING,
GOVERNMENT GUARANTEED LOANS
    * SAVINGS PLAN OF EUR 90 MILLION AND FINANCING
    * UNABLE TO ISSUE SPECIFIC TARGETS FOR THE YEAR IN PROGRESS
    * GL EVENTS CONFIRMS ITS FULL CALENDAR OF EVENTS PLANNED FOR
H2
2020
    * IN BEIJING, NEW RESTRICTIONS RAISES POSSIBILITY THAT
EXHIBITIONS
ORGANISED BY CIEC UNION CURRENTLY PLANNED IN JULY 2020 COULD BE
POSTPONED
    * WAS AWARDED A 40-YEAR CONCESSION FOR "PARQUE VITACURA"
MEETING
FACILITY IN SANTIAGO CHILE AS FROM 2022
    * SOUTH AMERICA: WE ARE ALSO WAITING FOR GRADUAL RECOVERY IN
THIS
MARKET AS FROM 1 SEPTEMBER

Source text for Eikon:  ID:nNDL4DxQQk 
Further company coverage:  GLTN.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))