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
GL events provides the installations for COP22 in Marrakech from 7 to 18 November 2016.
The largest temporary installation ever produced.
© Architecte OUALALOU+CHOI
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
São Paulo International Motor Show
São Paulo Expo stages the largest and most important auto show in Latin America.
© @studioLopes
São Paulo International Motor 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
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
Nuits Sonores
GL events is the audiovisual services provider to this major electronic music festival!
© Laure Rousville
Nuits Sonores
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


Request for financial information

Annual report -
Registration document 2016

Company report

2017 press releases archives