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

2008 first-quarter sales: €168.2 million
Annual growth guidance confirmed

Net sales (€ millions)200820072007
    (Excluding
disposals)*
(Published
sales)
First quarter 168,2 176,4 177,4


GL events had consolidated first-quarter sales of €168.2 million. Excluding disposals, this represents an adverse change of 4.6% when compared to a 2007 first quarter which had registered particularly strong growth of 40% on the previous year.
This reflects a reversal in the weight of seasonal contributions between the first and second half-years and is mainly the result of the impact of biennial trade fairs and recognition of revenue from major global events. H2 2008 will have stronger growth dynamics than H1 2008.
Revenue and earnings distribution will be aligned along the year, with earnings expected to benefit from a significant leverage in H2 2008.

Overall, GL events reiterates its guidance of like for like revenue growth between +5% and + 10% *

* Excluding acquisitions and disposals at the end of 2007

 

Venue and Event Management
€97 million - 57.8% of consolidated sales
+2.5% (-7.4 % on a like for like basis and constant exchange rates)

Venue Management had sales of €48 million, up 4.4% (stable on a like for like basis) with favourable levels of bookings for the remainder of the year 2008. The Nice Acropolis Convention and Exhibition Centre has started to reap the benefits of the commercial growth plan launched one year ago and is expected to achieve a good performance as soon as this year. It will also soon host the National Convention of French Solicitors organized by the GL events. Pre-sales order books at new venues currently being open let us anticipate successful launches for these venues.

Event Organization achieved same revenue levels as in H1 2007 at €49 million but was down 14.6% on a like for like basis. This decline is due however exclusively to the impact of the biennial organization of trade shows (Sirha and construction shows mainly). Trade shows organized in France and Europe in the first quarter achieved attendance figures and exhibitors' satisfaction rates in line with expectations.

This quarter was also marked by the addition of the Industrie Paris, Print'or, CFIA, Tradexpo and Foods & Goods trade fairs to the event portfolio.

 

Services
€71 million - 42.2% of consolidated sales
-14% (unchanged at constant structure and exchange rates)

Following the particularly strong Q1 2007 (+15%) , The Services division pursued its expansion and developed its presence in the market for trade shows, exhibitions and events (Maison et Objet trade show, Who's next, Six Nations Rugby Championship, Olympic Games).

 

Outlook:

GL events is pursuing a number of internal and external growth projects in France and in other markets in line with its strategic priorities:

- Developing a portfolio of venues under management both in France and at international destinations (exhibition centres, convention centres, stadiums and arenas, event venues),

- Organizing trade and consumer shows, exhibitions and sports, economic and cultural events,

- Providing services for trade shows and exhibitions while achieving synergies with venues managed by the group

In addition, GL events reiterates its goal to refocus on these strategic priorities to maximize return on capital employed and earnings per share.

 

Upcoming events:

Second-quarter sales: 22 July 2008 (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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