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
|In million Euros||2001||2000||Variation|
|Consolidated net sales||235,0||214,1||+9,8%|
2001 total sales: + 9,8% in a wider scope and after an "exceptional" year 2000
The growth of the 2001 net sales can be appreciated if compared with the year 2000 considering the two exceptional events (Sydney Olympic Games and European Summits of Biarritz and Marseille). These events had a significant effect on 2000 which showed an increase of + 46 % with + 35 % in internal growth.
Notwithstanding the Sydney Olympic Games, the growth shows a 19 % increase.
With comparable scope and constant exchange rate, sales post a decrease of 11%.
- Acquisition of Owen Brown
- Concession of the International Convention Center of Barcelona until 2021
- Opening of an office in the United States so as to study the American market and oversee the project of Salt Lake City Olympic Games
- Concession of the Congress Center of Toulouse until 2011
Specific comments per activity
The Shows and Exhibitions market is mature and showing an on-going growth between 3 and 5 %. In 2001, Générale Location consolidated its market share by renewing contracts for 3 or 6 years with its major clients: Reed/ Première Vision/ Comexpo.
Concerning the Events business, as many companies and local organizations invested greatly in 2000, this activity suffered budget cuts in 2001. Moreover, in the last quarter some events such as the Summit of the French Speaking World were cancelled or postponed for security reason linked to September 11th.
By acquiring Owen Brown, Générale Location makes it clear that Great Britain is the country where the events market is strong and growing with a high standard of quality and related pricing. Owen Brown is expected to register a 20 % growth in 2002.
As already announced, and in line with the development strategy of the activity Fittings/Museum Fittings, Générale Location recently acquired BS Vision (January 2002).
The sales produced out of France represent 23% of the total (stable percentage compared to that of 2000).
New contracts and a targeted external growth strategy will contribute to a well-balanced market share.
Internal growth will be positive again in the first half of the year, and sales are expected to increase by 20% (both internally and externally).
Next meeting: 2001 Annual Results presentation, March 6th 2002
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 : email@example.com
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581