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 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
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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