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
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 Sonores
The 2016 Nuits Sonores are equipped by GL events Audiovisual.
© Laure Rousville
Nuits Sonores
Sao Paulo Expo inauguration
The inauguration of the expanded and renovated Sao Paulo Expo on 26 April was attended by more than 500 economic decision-makers.
© Rodrigo Lopes/studiolopes.com
Sao Paulo Expo inauguration
COP 21
The aim of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) was to negotiate a new universal agreement on climate change, in order to maintain global warming below 2°C. GL events supplied and assembled structures for this key event, and also provided audiovisual services, fixtures and fittings for the event spaces.
© Philippe Cler
COP 21
African Games
The Live! by GL events agency was in charge of organising the spectacular closing ceremony for the African Games.
© Myli Bourigault et Pierre Le Tulzo / Live! by GL events
African Games
Video City Paris
Organised by the producers of the Golden Moustache (M6 TV channel), the Studio Bagel (Canal+ TV channel) and Mixicom, in collaboration with Live! by GL events, Vidéo City brought together around a hundred of the most popular YouTube video creators. A genuine success!
© Philippe Cler
Video City Paris
Maison de la Mutualité
The Maison de la Mutualité was the former headquarters of the French mutual insurance federation . The venue has been managed by GL events since 2010. The Group has renovated the building to return it to its former glory. Today, the venue hosts all types of events, from business meetings and exhibitions to fashion parades.
Maison de la Mutualité
Equita
This is an event that horse-riding fans look forward to every year. Organised by GL events, Equita is the largest equestrian show in France. Each year, around 3,500 horses take part in the event which attracts over 150,000 visitors.
© PSV – Jean Morel
Equita
IMF and the World Bank
The Boards of Governors of the IMF and the World Bank met in Lima (Peru) this year to establish the main priorities and focuses for the two institutions. The production of this large-scale event was entrusted to a consortium made up of GL events and the event agency Stimulus.
© Joao Socola
IMF and the World Bank
Absolute
Spacious, elegant and with impeccable finishing, Absolute Triple Deck is an exceptional structure that combines robustness and aesthetics. Providing more than 25% additional interior surface area, this new events structure takes standards in excellence to a whole new level.
© Detail Ltd
Absolute
Back to Press releases 2004

2004 first-half earnings
Acquisition of "Market Place" an event organization and communication specialist

(millions of euros)30/06/0430/06/03Change
Consolidated sales 181.7 179.4 +1.2%
EBIT 14.4 14.0 +2.7%
% of sales 7.93% 7.81%  
Net financial expense -0.9 -1.0  
Exceptional items -0.7 -0.9  
Tax -4.2 -4.5  
Net income of fully consolidated companies 8.6 7.5 +13.5%
Amortization of goodwill -0.9 -0.8  
Minority interests -0.4 -0.1 -
Net attributable income 7.3 6.6 +9.2%

Growth of the Net profit of fully integrated companies: 13.5%

In the 2004 first half, GL events posted further gains in sales and earnings:
- Sales +1.2% (+0.6% at constant structure and exchange rates, +12% for organic growth excluding fittings)
- EBIT: +2.7%; Net attributable income: +9.2%.

Global Services
Sales: €94.5 million (+5.1%) - EBIT: €4.4 million (+14.4%)

In the Group's historical business, 1H 2004 growth remained satisfactory. In addition to contributions from important recurrent trade shows, 2004 was marked by the Group's presence at the Athens Olympic Games, the Barcelona Forum of Cultures, Vinitaly and the UEFA Euro 2004 football championship. The EBIT margin was 4.6%. Leveraging its competitive advantages and solid reputation, GL events will continue to pursue earnings growth for this division in France and international markets.

Venue and Event Management
Sales: €47.2 million (+38.3%) - EBIT: €7.2 million (+30.6%)

Boosted by the development of recently added venues (Grande Halle and Zenith d'Auvergne, Paris Floral Park, Barcelona International Convention Center) combined with good performances of the other sites and the event organization, sales surged 33.2% for organic growth with an EBIT margin of 15.3%. Characterized by rapid growth and higher margins than the other Group's businesses, Venue and Event management is a major vector of strategic growth by providing a comprehensive and integrated range of solutions to meet the existing needs of customers.

Fittings, Systems and Services for Enterprises
Sales: €39.9 million (-28%) - EBIT: €2.8 million (-39.6%)

Despite a significant decline in sales in relation to the 2003 first half reflecting the redeployment of the fitting business and a maximum basis effect, the 1H2004 EBIT margin was 7.1% compared with 8.5% in 1H2003 and 5.94% for FY2003.

 

Acquisition in Venue and Event Management

GL events announced the acquisition of Market Place, a leading French event organization and communication specialist that has designed, organized, coordinated and produced events for enterprises and institutions since 1973.

Recognized as a specialist in live communications and a laboratory for new ideas and concepts, Market Place operates in four areas:
- events for enterprises
- events for the general public,
- events for public institutions,
- event design and creation

Market Place has the full range of expertise necessary to develop event communications strategies for every category of customer.

With sales of approximately €17 million and a staff of 30, Market Place produces 100 events per year on behalf of such references as Total, Caisse d'Epargne, EADS, EDF, Canon, the French Ministry of Social Affairs, The City of Paris, Air France, TF1, Renault.

In terms of the acquisition multiple, itis in line with the crietria of this business segment and will be financed from available cash ressources.

This acquisition will reinforce the Group's range of services already proposed by Europa Organisation, Package and Esprit Public and will:
- Accelerate the event organization and communication activity within the Venue and Event Management business
- Allow commercial and financial benefits from moving up the event chain of services

In line with the Group's corporate culture, management and employees will pursue their activity within GL events in a manner that will ensure the rapid integration of this company which will be consolidated on 1 September 2004.

 

Outlook

GL events intends to maintain its ambitious external growth strategy: development into international markets, addition of new venues, complementary businesses, etc.

The 2004 second half will be marked by the integration of TEMP A STORE, the leading UK provider of temporary storage and warehousing solutions within the division devoted to "Fittings, Systems and Services for Entreprises" (consolidated effective 1 July 2004) and of Market Place within the Venue and Event Management division.

 

Upcoming events: publication of T3 sales on 26 october (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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