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 euros millions||2003||2002||Change|
|First quarter group sales||81,0||75,9||+6,8 %|
For the 2003 first quarter, Générale Location had sales of €81 million compared with €75.9 million in 2002, up 6.8% (6% on a comparable structure and exchange rate basis).
Global Services for conventions, exhibitions and events: €45.2 million
-3.6% (-3.3% on a comparable structure basis)
This trend reflects a negative basis effect in relation to the high level of international sales in the 2002 first quarter from the Salt Lake City Winter Olympics. Growth in the second quarter should return to the 5% level. Negociations are still in progress for major events taking place in 2003 and 2004.
Venue and Space Management: €6.3 million
+26.9% (+12.7% on a comparable structure basis)
The good performances of this business were assured by the growing contribution of existing venues under management plus the addition of the Floral Park Exhibition Center.
Boosted by signatures for three additional sites since the beginning of the year (Floral Park of Paris, Exhibition Center and Zénith Concert Hall of Clermont-Ferrand), this division will continue to register a strong growth.
Fittings, Museum Fittings, Systems: €29.5 million
+22.8% (on a comparable basis).
This business has a good level of activity and a major contract was signed to provide fittings for the Musée du Quai Branly (primitive art) under construction in Paris. This contract is programmed for delivery in late 2003-early 2004.
Given the excellent first quarter performances and promising growth trends, the 2003 first half should outperform initial forecasts with sales of 10% compared with an original target 5%.
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