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/
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
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
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
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
Back to Press releases 2010

2009 consolidated accounts: Group performs well

2010 outlook: major developments in international markets

€ millions20082009
Net sales 605.7 581.4
Operating profit 53.1 45.5
Operating margin 8.8% 7.8%
Net financial expense (17.6) (11.9)
Tax (6.9) (6.6)
Associates & minority interests 0.0 (1.7)
Net income 28.7 25.2


In an event industry market significantly impacted by the economic crisis with declines ranging from 10% to 20% according to the segment, the Group had annual sales of €581.4. Its expanding presence in markets with strong growth potential limited the effects of the global downturn in certain sectors. In this way, GL events delivered remarkable performances in South America and Africa, two strategic regions for 2009 and the years ahead.

Significant contributions to the FIFA Confederations Cup TM and the Africa Cup of Nations further illustrated its position and expertise in assisting organisers of major sports events.

This result reflects remarkable achievements by commercial and operational teams and confirms the strength of the Group's business model based on an integrated offering covering the three major event industry sectors: Services to organisers, Venue Management (Convention Centres, Exhibition Centres, Multipurpose Indoor Facilities for sporting events and concerts, etc.) and Event Organisation.

The Group had operating profit of €45.5 million with an operating margin of 7.8% and net income attributable to equity holders of the parent company of €25.2 million.

The cash flow of €63.7 million represents 11% of sales. Operating cash flow totalled €55.9 million after taking into account very limited working capital expenditures. Reflecting the excellent management of capital expenditures, the Group had free cash flow of €24 million.

With gearing(1) of 0.56% for shareholders equity of €330 million, the Group also benefited from working capital funds (negative WCR) of approximately €64 million. On this basis, the Group has a particularly sound financial position in the event industry that will enable it come through the crisis even stronger than before.



Services had revenue of €256.4 million, declining 5.9% (-10.2% like-for-like(2)). This level reflected the successful efforts and commitment of the Group's commercial teams, particularly in international markets.

This good resilience was accompanied very positive trends in 2009 in terms of profitability, the strategic priority for 2009, with the improvement in the operating margin to 7.2%.



Venue Management and Events had revenue in 2009 of €324.9 million, down 2.4% (-4.8% like-for-like). This division accounts for 56% of total consolidated sales.

In 2009, GL events' position in strong growth segments or products resulted in very positive contributions from key trade fairs such as the SIRHA International Hotel Catering & Food Trade Exhibition, the CFIA packaging and technologies trade fair, the trade fair for renewable energies and the biennial international book fair of Rio de Janeiro.

This division had an operating margin of 8.3% despite challenging market-condition related trends adversely affecting revenue levels, particularly in Spain and in the automobile sector.



The Group will be a significant contributor to major worldwide events in 2010, including notably the FIFA World Cup South Africa TM with a historical contract for €40 million and additional revenue anticipated from contracts by Oasys Innovation in this same country, the 2010 Shanghai World Expo (contracts for approximately €6 million), and the 2010 Commonwealth Games of Delhi (a €7 million contract already signed plus others currently under negotiation).

In 2010, the Group expects to accelerate its development in Venue Management and Events with the inauguration of the Hôtel Salomon de Rothschild, significant growth momentum for the Brussels Convention Centre and full-year contributions from recently awarded management concessions for venues including The World Forum Congress Centre of The Hague, the Amiens Mégacité Exhibition and Convention Centre and the Palais de la Mutualité in Paris.

On this basis, the Group anticipates strong revenue growth in 2010, particularly in international markets.

GL events is also determined to strengthen its network of venues of premium event industry destinations, with a very favourable calendar for calls for tenders. The City of Paris' Special Commission thus selected GL events' management concession proposal for the Palais Brongniart, the former location of the Paris stock exchange, based on a truly innovative project (projected revenue of €360 million over 30 years). This recommendation will soon be submitted for a decision by the Paris City Council on 29 and 30 March.


Proposal to maintain the dividend at €0.90 with a 5.5% dividend yield

The Board of Directors' meeting of 5 March 2010 decided to propose a dividend of €0.90 at the next General Meeting, maintaining the dividend at last year's level (representing a dividend yield of 5.5% based on the closing price of 5 March) to reward shareholders for their confidence and loyalty.


Upcoming events:
2010 first quarter sales, 27 April 2010, (after the close of trading)
Combined General Meeting, 30 April 2010, 10 a.m. - Lyon Convention Centre


(1) Ratio of net financial debt (i.e. excluding cash and cash equivalents ) to equity
(2) Comparable structure and exchange rates

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 :

Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581


Erick Rostagnat - Managing Director Corporate Finances and Administration:
Tel : +33(0)4 72 31 54 20


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Annual report -
Registration document 2015

Company report

2010 press releases archives