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 2009

2008 consolidated accounts

Operating margin: 8.8%
Net income: €28.7 million
Operating cash flow: €80.8 million

Consolidated data - IFRS (€ millions)200620072008
Net sales 495.7 633.5 605.7
Operating profit 40.5 56.2 53.1
Operating margin 8.2% 8.9% 8.8%
Net financial expense -4.2 -7.3 -17.3
Tax -10.7 -13.8 -6.9
Equity-accounted investments & minority interest -2.1 -3.0 0.0
Net income 23.5 32.1 28.7

 

Good operating performances in 2008

Following strong growth in 2007 of 28% (16% organic), GL events had sales of €605.7 million in 2008, declining very marginally 0.8% like-for-like (comparable structure and exchange rates). With an increase in sales volume of 5.6% (organic growth of 8.7%), the resumption of growth was confirmed in the 2008 fourth quarter.

GL events' sales from venue and event management grew 5.8% to 55% of total consolidated revenue. With a portfolio of more than 200 B-to-B and B-to-C trade fairs, the Group has also organised more than 230 trade fairs, conventions, conferences or corporate events in 2008 on behalf of customers. Total rental space of the 30 venues managed and promoted by the Group in 2008 exceeded one million m².

In line with its strategy, venue and event management continued to provide opportunities to promote Services in 2008 following a particularly eventful period for large events in 2007. Revenue from Services amounted to €272.6 million, retreating 5.6% like-for-like.

Despite the more challenging environment, the Group was successful in maintaining the operating margin at a good level of 8.8%. By division, the operating margin was 11.3% for Venue and Event management and 5.7% for Services. Consolidated operating cash flow registered a robust increase to €80.8 million.

Net income amounted to €28.7 million increasing shareholders' equity to €307.9 million. The Group has a solid balance sheet, with gearing at 0.72%. In addition, with its loan covenant requirements met, the Group also has financing from credit lines to support future developments.

 

Strategy & outlook

GL events got off to a strong start in 2009 in all business lines. Noteworthy developments include:

- The great success of trade shows organised by the group such as the SIRHA and Salons du Bâtiment. They both registered significant increase in the number of exhibitors, square meters and international presence.
- The provision of a broad range of services for the Alpine World Ski Championships at Val d'Isère;
- The addition of a 30th event venue with a 25-year concession for the Turin PalOval, a 20,000 m² sports facility with a capacity for 13,000 people, built for the 2006 Olympic Games that recently hosted the European Athletics Indoor Championships;
- The extension until 2015 of the concession for the Pudong Expo exhibition and convention Centre in Shanghai;
- The organisation in the first half of prestigious corporate events and the continued development of Equita'Lyon, a major proprietary event of the Group that was granted the World Cup label for the dressage and jumping competitions.

The beginning of operations of 4 venues will add further new drivers to the Group to pursue its development.

Based on these successes, a favourable calendar of events, the Group maintains targets for 2009 annual sales in the €635 to €640 million range.

With its high-value added integrated event industry business model, the Group intends to pursue its growth strategy by:
- Extending its network of Venues under Management, by adding highly attractive international destinations and by further strengthening local offerings around main sites;
- Developing its Event Organisation offering in France and international markets through creation and duplication;
- Accelerating deployment of the Food & Beverage activity in venues under management.

 

Proposal to maintain the dividend at €0.90, for a dividend yield of 10%

The General Meeting to be held on 24 April 2009 (10:00 a.m., Lyon Convention Centre) will be asked to approve a dividend of €0.90 per share. Maintaining this dividend that would increase the dividend yield to 10% based on the closing price of 9 March, 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:
2009 first-quarter sales, 21 April 2009 (after the close of trading)

 


2009 first-quarter sales, 21 April 2009 (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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2009 press releases archives