GL events
Welcome to the world of events!
As a leading global player in the events sector, GL events operates in the three main events markets: congresses and conventions, sporting, cultural and political events, and trade shows and consumer fairs.
© Odile Decq architect / Felice Varini – Nicolas Rodet
GL events
Commonwealth Games Gold Coast 2018
GL events, official supplier of temporary grandstand seating for the Gold Coast 2018 Commonwealth Games in Australia. A total of 60,000 temporary seats were installed in thirteen venues.
Commonwealth Games   Gold Coast 2018
Matmut Stadium Inauguration
The project to renovate and modernise the Matmut Stadium in Gerland, launched by Olivier Ginon, the Chairman of GL events, highlights the Group's expertise in terms of engineering, architecture and asset management. The stadium is now home to the LOU Rugby team.
© Nicolas Rodet
Matmut Stadium Inauguration
Geek and Games at the Riocentro
Brazil’s largest event devoted to pop culture and video games is organised and hosted by GL events at the Riocentro, in Rio de Janeiro.
© Light Press 2017
Geek and Games at the Riocentro
Cannes Film Festival
For more than 20 years, GL events has been providing top-of-the-range, tailor-made services for one of the world's most prestigious film festivals.
© Alexandra Fleurantin
Cannes Film Festival
Equita Lyon
The Lyon Equestrian Show, organised and hosted by GL events at Eurexpo, is the largest indoor equestrian event in France.
© Gilles Galoyer
Equita Lyon
"Nuits Sonores" Music Festival
GL events provides the audiovisual services for this major electronic music festival!
© Laure Rousville
"Nuits Sonores" Music Festival
Sirha Green
The first trade fair devoted to ecological food-services. Organised and hosted by GL events, the event brings together the sector’s professionals to address the issues of social and environmental responsibility.
© Diph Photography
Sirha Green
Première Vision Paris
Organised and hosted by GL events, the reference event for the fashion world was held at the Maison de la Mutualité in Paris. It owes its success to its avant-garde selection, bringing together many new products, services and innovations.
© Alexandra Fleurantin
Première Vision Paris
Light Festival Lyon
GL events Audiovisual, an official partner and service provider to the Lyon Light Festival, draws on its expertise and talent for several artistic projects in various venues during this international event.
© Thierry Perre / Partners’ Club of the ‘Fête des Lumières’ / Lyon Light Festival 2017
Light Festival Lyon
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
Code LEI : 9695002PXZMQNBPY2P44

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 2017


Company report
2017