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
COP22
GL events provides the installations for COP22 in Marrakech from 7 to 18 November 2016.
The largest temporary installation ever produced.
© Architecte OUALALOU+CHOI
COP22
GL events enters into a joint venture
with Yuexiu Group
to jointly develop a network of event sites in China. The first phase will consist in managing a 50,000 m2 convention centre in Gangzhou (Canton), targeted for opening in 2019.
© 效果图│ Renderings
GL events enters into a joint venture<BR>with Yuexiu Group
Euro 2016
Fan Zone in Lyon
A total surface area of 62,000m2 and 25,000 people a day; the Fan Zone in Lyon managed by GL events was the official home of football and fun during the event.
© Nicolas Rodet
Euro 2016<BR>Fan Zone in Lyon
Brazil Game Show
The biggest game show in Latin America chose Sao Paulo Expo to host this year’s event, attended by 300,000 fans!
© @studioLopes
Brazil Game Show
Sport dans la Ville
GL events provided services to “Sport dans la Ville”, an association promoting social inclusion through sport, for the inauguration of its new premises.
© Gilles Fillot
Sport dans la Ville
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 de Fourvière
GL events has been a partner to this festival in Lyon for many years: sound systems, lighting, structures for the “Village des Nuits”.
© Francis Mainard
Nuits de Fourvière
Blossom
Designed as an upmarket showroom in the heart of Paris, the show is the ideal place to get a preview of the pre-collections of fabrics and accessories, in a select private environment.
© Stéphane Kossmann
Blossom
Nuits Sonores
GL events is the audiovisual services provider to this major electronic music festival!
© Laure Rousville
Nuits Sonores
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

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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Annual report -
Registration document 2015


Company report
2015


2009 press releases archives