GL events
Welcome to the world of events.
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
GL events
COP22
GL events provides the installations for COP22 in Marrakech from 7 to 18 November 2016.
The largest temporary installation ever produced.
© Architecte OUALALOU+CHOI
COP22
GL events enters into a joint venture
with Yuexiu Group
to jointly develop a network of event sites in China. The first phase will consist in managing a 50,000 m2 convention centre in Gangzhou (Canton), targeted for opening in 2019.
© 效果图│ Renderings
GL events enters into a joint venture<BR>with Yuexiu Group
Euro 2016
Fan Zone in Lyon
A total surface area of 62,000m2 and 25,000 people a day; the Fan Zone in Lyon managed by GL events was the official home of football and fun during the event.
© Nicolas Rodet
Euro 2016<BR>Fan Zone in Lyon
Brazil Game Show
The biggest game show in Latin America chose Sao Paulo Expo to host this year’s event, attended by 300,000 fans!
© @studioLopes
Brazil Game Show
Sport dans la Ville
GL events provided services to “Sport dans la Ville”, an association promoting social inclusion through sport, for the inauguration of its new premises.
© Gilles Fillot
Sport dans la Ville
Cannes Film Festival
For more than twenty years, GL events has been on the select guest list of the greatest film festival in the world, providing top-quality services for the event.
© Alexandra Fleurantin
Cannes Film Festival
Nuits de Fourvière
GL events has been a partner to this festival in Lyon for many years: sound systems, lighting, structures for the “Village des Nuits”.
© Francis Mainard
Nuits de Fourvière
Blossom
Designed as an upmarket showroom in the heart of Paris, the show is the ideal place to get a preview of the pre-collections of fabrics and accessories, in a select private environment.
© Stéphane Kossmann
Blossom
Nuits Sonores
GL events is the audiovisual services provider to this major electronic music festival!
© Laure Rousville
Nuits Sonores
Back to Press releases 2004

2003 net income: +15.5%
Profitable growth pursued and sound financial situation

Millions of euros20032002Change
Consolidated sales 339,8 301,9 + 12.6 %
EBIT 26,0 22,5 + 15.5 %
% of sales 7,65% 7,45%  
Net financial expense (2,2) (3,1)  
Exceptional items (0,8) 0,9  
Amortization of goodwill (1,7) (1,5)  
Tax and minority interests (8,5) (7,8)  
Income excluding exceptionals and goodwill 15,3 11,6  
Net attributable profit 12,8 11,0 + 15.5 %

Further gains in profitability

In 2003, the good level of activity (sales up 12.6% including 8.3% for organic growth) combined with further gains in margins resulted in EBIT of €26 million, up 15.5% in relation to 2002.

The total EBIT margin rose to 7.65% versus 7.45% in 2002 and 7.25% in 2001.
This improvement reflects:
- significant gains in the margin for Global Services (6% to 7.3%) and Venue and Event Management (9.9% to 11.3%) despite a decline registered by Fittings, currently being repositioned (9.6% to 5.9%).
- the increasing importance of Venue and Event Management in the mix of total consolidated sales (11% in 2002 to 17.5% in 2003)

Goodwill amortization recorded in 2003 represented €1.7 million compared with €1.5 million in 2002. Net attributable profit accordingly stood at €12.8 million versus €11 million in 2002, an increase of 15.5%.

 

A strengthened financial situation

Generating significant cash flows and with a structurally negative WCR, the Group has a sound financial situation which was further strengthened by the successful equity issue of July 2003. At 2003 year-end, gearing accordingly stood at 36% versus 59% in 2002.

With its significant financial resources, GL events will actively pursue internal and external growth opportunities. Its principal growth vectors continue to be its portfolio of venues under management, international markets, the acquisition of additional market share in global services and corporate and event engineering.

 

Outlook

"GL events produced an good performance in 2003, registering growth of 12.6% in sales and 15.5% in net income. The favourable response by our shareholders and financial partners to the equity issue of July 2003 has given us additional financial resources. This enables us to pursue our growth strategy under optimal conditions, continuing to balance strong commercial growth with acquisitions which enhance the group's earnings potential. Under these conditions, we remain particularly confident about the prospects for sustained growth." stated Olivier Ginon, Chairman.

Venue and Event Management will maintain its growth trajectory which will be boosted in 2004 notably by the full-year contribution of Europa Organisation, two Clermont-Ferrand venues and the development of the Paris Floral Park.

While sales from Fittings are expected to decline, Global Services will in contrast benefit from contributions from Athens Olympic Games (€15mn) and the Barcelona Universal Forum of Cultures (€10mn). In 2004, the contribution to revenue of large world events will exceed the performance registered in 2003.

The responses to invitations to tender concerning the management of major venues of the Grand Palais and the POPB are also awaited in 2004.

Given these favourable trends for sustained long-term growth, a high recurrency rate of its business and a situation which is already promising, the group forecasts growth in sales of approximately 5% in 2004.

 

Dividends

At the next General Meeting, the Board of Directors will ask shareholders to approve a dividend excluding the credit for income tax already paid (avoir fiscal) of €0.37, representing an increase of 15.6%.

 

Upcoming events:
2004 first-quarter sales on 21 April 2004 (after the close of trading)

 

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 : infos.finance@gl-events.com


Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

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Annual report -
Registration document 2015


Company report
2015