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 2008

2007: Strong and profitable growth
Operating profit: up38.9%

Consolidated data IFRS -(€ millions)20062007
Net sales 495,7 633,5 +27,8%
Operating profit 40,5 56,2 +38,9%
Operating margin 8,2% 8,9% +0,7 pt
Net financial expense -4,2 -7,3  
Tax -10,7 -13,8  
Net income of fully consolidated companies 25,6 35,1 +37,3%
Income from equity-accounted investments 0,2 1,1  
Minority interests -2,2 -4,1  
Net income 23,5 32,1 +36,4%


2007: A year of strong expansion

For fiscal 2007 GL events had sales of €633.5 million, advancing 27.8%.

Venue and Event Management sales surged 58% to account for 50% of total consolidated revenue. The Group was the owner and/or organizer of more than 430 trade shows for professionals and the general public, conventions, congresses or corporate events in 2007. Total space of the 28 venues under management and marketed by the Group now exceeds the one million m² milestone.

In line with the Group strategy, the Venue and Event Management division in turn contributes to Services sales that grew 10.7% in the period at constant structure and exchange rates, further improving the overall profitability of the Group.

Consolidated operating profit totalled €56.2 million, up 38.9% for an operating margin of 8.9%. Adjusted to exclude the impact of disposals in 2007, the margin exceeded 9%. The Venue and Event Management Division had an operating margin of 14%. Operating cash flow totalled €55.3 million.

Net income totalled €32.1 million, advancing 36.4% with Group shareholders' equity increasing to €310.2 million.

Acquisitions of the trade show organization specialists Promotor International and Agor, and the Turin Exhibition Park, Lingotto Fiere, were partially financed through borrowing. The balance sheet is particularly solid with gearing of 56%. In light of the quality of its assets, cash flow generation and recurring revenue streams from the business model, the Group remains confident in its ability to pursue strategic acquisitions if opportunities arise.

 

Strategy & outlook

Through its integrated value-added event industry business model, the Group will pursue its growth strategy by:
- Developing its portfolio of Venues under Management by both adding premium international destinations and strengthening its core local network with the addition of new sites.
- Developing its Events Organization offering in France and international markets along the line of acquisitions announced in early 2008.
- Strengthening positions in the three key segments of "Large Events" market (Sports, Corporate and Institutional, Cultural) by progressively rolling out a specific vertical offering combining Organization Venues and Services.

In 2008, GL events will contribute to SIHH trade fair devoted to fine watches in Geneva, the UEFA European Football Championship, and the Beijing Olympic Games. The Group also intends to accelerate the creation and duplication of proprietary events. Fagga Eventos for example will organize 4 new trade shows this year in Brazil, Agor will launch a new CFIA Food Industry Supplier Trade Show in Metz and Sepelcom will organize a new edition of the Bocuse d'Or World Cuisine Contest in Norway and Shanghai that will also host the 1st edition of the Enterprise Learning China exhibition .

Forecasted sales growth for 2008 is between 5% and 10%.

Confident in its prospects for continued growth, the Group confirms its longer-term targets for sales of €900 million in 2010 with 60% from Venue and Event Management and 40% from Services accompanied by further improvements in margins.

 

Proposed increase in the dividend of 28%

The General Meeting to be held on 16 May 2008 (4:00 p.m. at the Lyon Convention Centre) will be asked to approve a dividend of €0.90 per share. This dividend will reward shareholders for their confidence and loyalty while maintaining the investment capacity of the Group to pursue profitable growth and generate additional value.

 

Upcoming events:

2008 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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