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 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

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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