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 2017

2016 annual results, Record EBITDA*: €130 million (13.6% of revenue)



Revenue 953.0 942.4 +1.1%
Current operating income 79.3 71.7 +10.6%
Current operating margin (%) 8.3% 7.6%  
Operating profit 77.1 69.1 +11.5%
Profit before tax
59.9 56.7 +5.7%
Income tax (22.7) (18.6) -
Net income of consolidated companies 37.2 37.1  
o/w Net income attributable to equity holders of the parent 31.9 30.8 +3.4%

*EBITDA: earnings before interest, taxes, depreciation and amortisation or "gross operating profit"

The Board of Directors of GL events approved the consolidated financial statements for 2016, the audit procedures have been completed and the auditors' report is in the process of being issued.

In a turbulent macroeconomic and geopolitical environment, GL events continued to improve its operating performance according to plan.



Further improvement in the operating performance

Management efforts and the contribution from the Venues business led to further improvements in the operating performance. This also included the initial effects of asset disposals in 2015 and the 2016 first half.

  • 2016 EBITDA amounted to €130 million, representing a record EBITDA margin of 13.6%.
  • Current operating income registered strong growth (+10.6%), with a 0.7 point improvement in the current operating margin to reach 8.3%. This result includes a 0.8% reduction in purchases and external charges amounting to €4.9 million, with the increase in staff costs reflecting primarily changes in the consolidation scope. Net income of consolidated companies amounted to €37.2 million and, after deducting minority interests, net income attributable to equity holders of the parent in 2016 came to €31.9 million, an increase of 3.4%.



Operating profitability by business

Gl events live (€m)20162015
Revenue 500.5 486.4
Current operating income 32.9 32.7
Current operating margin 6.6% 6.7%
  • GL events Live had revenue of €500 million. The Group contributed to the success of the Euro in France and the Olympic Games in Rio de Janeiro. And by ending the year with the overlay installations for COP22 in Marrakesh, the Group highlighted its position in the segment for major global events in France and international markets. Current operating income rose by €0.2 million to reach €32.9 million.



Revenue 145.0 166.4
Current operating income 13.5 20.1
Current operating margin 9.3% 12.1%
      • GL events Exhibitions, with current operating income of €13.5 million, had an operating margin of 9.3%, a significant increase from the benchmark year of 2014 (5.9%). This improvement was largely driven by the edition of Industrie Paris, the CFIA, Piscine Global, Equita and business development by Première Vision (France and international markets). It also reflects the impact of management efforts and portfolio rationalisation that will continue in 2017, particularly for the trade shows and fairs organised in Brazil.



GL EVENTS VENUES (€m)20162015
Revenue 307.6 289.6
Current operating income 32.9 19.0
Current operating margin 10.7% 6.6%
    • GL events Venues had revenue of €307.6 million or growth of 15% in relation to 2014 and current operating income up 73% from 2015 and doubling in relation to 2014. On that basis, GL events confirms the good strategic position of this business for sustained growth. This improvement reflects the excellent beginning for Sao Paulo Expo but also good performances from Rio de Janeiro, Budapest, The Hague, Brussels, Barcelona, the Maison de la Mutualité or the Palais Brongniart. In addition, many regional sites also contributed to this good performance including Lyon (where, it will be recalled, GL events' lease for Eurexpo was renewed for a 30-year term), Strasbourg Amiens, Toulouse Clermont- Ferrand. The Group will furthermore continue to disengage from non-profitable sites. 



Finalisation of investments for future growth

In 2016, net investments by the Group in property, plant and equipment concerned primarily:

  • GL events Venues - €85 million: completion of work on Sao Paulo (€56 million) and Rio de Janeiro (€28 million)
  • GL events Live - €34 million: of which €10 million for the medium term structure leasing business generating a ROCE above the Group level .

As a result of cash flow generation and, in light of these investments, net debt represented 3.01x EBITDA compared to 3.27x at 31 December 2015, in compliance with our banking covenants (3.5). The Group also confirmed its intention to reduce debt by €50 million in 2017, excluding a major acquisition opportunity unknown on this date. The maturity of debt has been adapted to the strategic long-term investments and the Group has repaid virtually all Brazilian debt by reinforcing its subsidiary's equity.



Proposal for a cash dividend of €0.65 per share

At the upcoming annual general meeting to be held on 28 April 2017, the Board of Directors will propose the distribution of a cash dividend of €0.65 per share for 2016 representing a payout ratio of 44% and a yield of 3.5% based on the share price at 6 March 2017.



2017, staying on track with profitable growth

Bolstered by its long-term strategic investments and measures to improve its operating performance, the Group confirms its guidance for profitable growth in 2017.

Finally, as part of its development strategy in South America, 2017 will include the acquisition in Chile of Tarpulin (heads of agreement subject to due diligence), a company specialised in the supply and medium term leasing of modular structures with sales of CLP 8 billion or approximately €12 million.



Upcoming events:

First-quarter sales: 25 April 2017 (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 :

Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581
Code LEI : 9695002PXZMQNBPY2P44


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


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