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 2006

2006 first-half results
Strong growth in net income: +25.3%

(€ millions)1H061H05Change
Net sales 251,9 220,1 14,5%
Operating profit 20,8 17,2 21,1%
Operating margin 8,3% 7,8% -
Net financial expense (1,6) (0,5) -
Income before taxes 19,2 16,6  
Income tax, equity-accounted investments & minority interests (7,1) (6,9) -
Net income 12,1 9,7 25,3%

Sales and earnings growth

GL events registered another six-month period of double-digit growth. Net sales grew 14.5% to €251.9 million boosted by robust gains by Venue and Event Management of 35.7%. At 30 June 2006, the share of this activity in total sales increased to 44.5%.

Gains by operating profit outpaced sales, increasing 21.1% to €20.8 million. This performance reflected:
- 41.5% growth in operating profit from Global services to €5.8 million. The division's operating margin increased in consequence from 2.9% in the 2005 first half to 4.1%, in line with the Group target range for the period.
- The accelerated expansion of Venue and Event Management with operating profit of €15 million accompanied by an excellent operating margin of 13.4%.

In this same period the Group operating margin improved further, advancing to 8.3%. Net income rose 25.3% to €12.1 million. This performance was driven by rapid growth of the Venue and Event Management division combined with commercial synergies achieved with the Group's business of Global Services.

 

Competitive advantages from a solid balance sheet and capital resources

Cash flow represented 10% of sales or €25.2 million in the first half assuring the Group the resources to finance its ambitious strategy of internal growth and expansion through acquisitions. This performance was accompanied by a healthy and solid balance sheet with shareholders' equity of €184.8 million. Gearing stood at 43.5% and GL events benefited from a negative WCR of €17.3 million.

 

Very positive short and medium-term growth outlook

In the first half, GL events maintained its successful track record of expertise, reconfirming the strength of its business model. On this basis the Group established new positions in Brazil in Venue and Event Management with the addition of the Rio de Janeiro Exhibition Centre, in event organization with Fagga Eventos and Global Services with a contract of more than €20 million for the Pan-American Games. Brazil represents a growth model involving the addition of premium worldwide event destinations that GL events will develop in the future.

Sustained by positive trends of the event industry, GL events will pursue its strategy of expansion.

As the leading integrated industry provider, the Group has many competitive advantages:
- A comprehensive offering high value added solutions,
- A unique range of expertise and assets,
- Significant investment capacity and a solid balance sheet,
- A successful track record of development by combining organic growth and acquisitions,
- Optimal diversification of risks: geographical, client, business
- A growing share of recurrent sales.

On this basis, the group maintains its targets of:
- 14% growth in sales for 2006 accompanied by a further improvement in its operating margin,
- Net sales of €700 million by 2008.

*****

The shareholders' equity of Polygone SA, GL events' majority shareholder and holding company for the shareholdings of its key senior executives, was increased by €8 million through different equity subscriptions by two new shareholders Salvepar and Crédit Agricole Private Equity along with two historical institutional shareholders, Banque de Vizille and Aquasourça. This has provided Polygone SA with additional resources to finance, if needed, the development of GL events.

*****

Upcoming events:
Publication of 2006 third-quarter sales, 24 October 2006 (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

Download

Request for financial information

Annual report -
Registration document 2015


Company report
2015