As an integrated Group operating in all event professions, GL events works in three major segments:
event organisation, event venue management and services for fairs, congresses and events.
© Odile Decq architect / Felice Varini – Altitude 150
A WINNING STRATEGIY:
more at the international
1/4 of the net sales realized in 2000 at the international
Annual net sales for 2000: +46 %
Générale Location consolidated net sales come to 1 404.3 million French Francs (214 million Euros), that is a 46% increase.
The internal increase rate is high (35 % of internal increase with constant scope and exchange rate). Our three markets (events, exhibitions, fittings) contribute to this remarkable performance.
All five operations of external growth concluded in 2000 and included in the second semester participate in this strong progression 11 points of growth of the net sales.
In the 4th term, Générale Location registers a record level of activity of 531.9 million French Francs (81.1 million Euros), a 87 % increase compared to the 4th term of 1999.
The performance of the activity ended up being significantly superior compared to what was announced for the year and already revised upwards for the 3rd term by + 35 %.
Générale Location reaps the rewards of both axes of strategic development pursued during the year.
- The engineering and logistics in the event market
- The international
more from events
A third of the net sales realized by the pole events
Forecasting for 2000 results
Obviously the year result will be strongly marked by the extraordinary profit due to the gross capital gain before taxes of 166 million French Francs (25.3 million Euros) realized after the sale of Paris expo shares ; the result will also include the cost of closing down the non profitable subsidiaries in Morocco and Spain.
The Mix internal growth and external growth should translate itself into (besides extraordinary profit) a net result, after overvalues, set between 3.5 and 4% of the net sales (3.3 % in 1999).
The final audited results will be communicated on March 7th, 2001.
Prospects for 2001: a very attractive market full of possibilities
After a year 2000 highlighted by important events such as the Olympic Games of Sydney or the European Summits of Biarritz and Marseilles, Générale Location anticipates again a year 2001 marked by a strong development:
- Positive organic growth,
- operations of external growth realized in 2000 which will bring over a full year a surplus to the net sales of about 200 million French Francs,
- finally several projects of external growth could materialize in the near future.
For the year 2001, we are clearly heading ahead in pursuit of winning strategic axes.
GL events, bringing people together
Managing Director Corporate Finances and Administration : Erick ROSTAGNAT
Telephone : + 33 4 72 31 54 20
Fax : + 33 4 26 20 42 00
Email : firstname.lastname@example.org
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581