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 2007

2006 results: strong sales and further gains in margins
Operating profit: +21.9%

Operating margin: 8.2%

Consolidated data IFRS -(€ millions)20062005Change
Net sales 495,7 434,2 +14,2%
Operating profit 40,5 33,2 +21,9%
Operating margin 8,2% 7,6%  
Net financial expense -4,2 -2,1  
Tax -10,7 -10,0  
Net income of fully consolidated companies 25,6 21,1 +21,0%
Minority interests -2,2 -1,1  
Net income 23,5 20,0 +17,4%

Strong sales, improved margins and strong cash flow

For fiscal 2006, GL events posted strong sales growth of 14.2% to €495.7 million. Robust sales by Venue and Event Management (up 34% to €199 million) and now accounting for 40% of consolidated sales led to further gains in Group margins.

Business highlights(€ millions)20062005Change
Venue and Event Management
Operating profit 24,1 17,6 +37,0%
Operating margin 12,1% 11,8%  
Services
Operating profit 16,3 15,6 +4,8%
Operating margin 5,5% 5,5%  

Consolidated operating profit was €40.5 million while the operating margin increased to 8.2%. Net income totalled €23.5 million, advancing 17.4%.

Cash flows now exceed €50 million or 10% of sales. Operating cash flow rose sharply (up 63%) to €67.7 million. This improvement was largely fuelled by the growing contribution of Venue in Event Management. Benefiting from optimal management of capital expenditures, free cash flow in the period increased more than twofold to €42.1 million.

GL events have a solid balance sheet with shareholder's equity of €207m and a gearing of 22.5%. This represent a significant competitive advantage in the market segment of organizers of large events and for local and regional governments. This also ensures that the Group is able to take advantage of potential acquisition opportunities worldwide that may arise today in the event industry.

 

Outlook: Sales 2006 target of €600m, and confirmation of the 2008 objective

For 2007, the Group has announced ambitious targets:

- Sales of €600 million or growth of 20%. Positive developments in its different businesses that will contribute to these objectives have already been announced:

o Venue and Event Management: GL events' selection in a competitive bid to manage the Nice Exhibition and Convention Centre or the increase of its shareholding in Première Vision, the world's premier textile show, to 24.5%,

o Services: installations for the equestrian competitions for the 2007 Test Events and the 2008 Beijing Olympic Games or contracts signed with Eurovet, the Salon de l'Etudiant and the French Ministry of Foreign Affairs. These three contracts will represent approximately €25 million over several years. GL events also confirm its presence during the Rugby World Cup of 2007 with markets of temporary fittings.

Given the growth trends for the event industry, GL events maintains its targets for 2008 of sales of €700 million (50% out of France), including €350 million for Venue and Event Management.

 

Proposed increase in the dividend of 34%

The General Meeting to be held on 14 may 2007 at 4:00 p.m. at the Lyon Convention Centre will be asked to approve a dividend of 0.70€. This increase reflects the Group's good performances and the positive outlook for future growth.

Upcoming events:
Publication of 2007 first-quarter sales - 24 April (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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