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 2018

2017: €953.8 MILLION IN REVENUE, Q4 UP 3.6%, A VERY STRONG BUSINESS PERFORMANCE, 2018: REVENUE > €1 BILLION

 

GL EVENTS (ISIN: FR0000066672 - TICKER: GLO), THE INTEGRATED EVENT INDUSTRY GROUP, REPORTS ITS CONSOLIDATED ANNUAL REVENUE FOR THE PERIOD ENDING 31 DECEMBER 2017.

GL events had consolidated annual revenue of €953.8 million in 2017, remaining steady in relation to 2016 (-1.9% like-for-like*) though without jumbo events (€130 million in business in 2016 for the Rio Olympic Games, the Euro 2016 and COP 22) and with an adverse currency effect of €12 million.

Olivier Ginon, GL events' Chairman commented:
"I am delighted by the very good business performances achieved by all teams throughout 2017. Group revenue remained in line with the previous year despite the negative base effect linked to the absence of large events.
2018 represents a landmark year for the Group, marking its 40th anniversary and 20 years as a publicly traded company. This double anniversary coincides with an excellent business outlook highlighted by a more extensive calendar than in 2017 and already €35 million in new contracts for international events."

 

REVENUE (M€)

2017 REPORTED BASIS

2016 REPORTED BASIS
CHANGE 17/16
 Q1  283.2  236.2  +19.9%
 Q2  212.9  253.8  -16.1%
 Q3  193.0  207.6  -7.0%
 Q4  264.8  255.5  +3.6%
CONSOLIDATED TOTAL
 953.8  953.0  0.1%

*: Like-for-like defined as at constant structure and exchange rates (2017 exchange rates applied to 2016 revenue)

 

 

Sales by division



REVENUE (M€)

2017 REPORTED BASIS

2016 REPORTED BASIS
CHANGE 17/16
GL EVENTS LIVE 471.9 500.5 -5.7%
GL EVENTS EXHIBITIONS 165.2 144.9 +14.0%
GL EVENTS VENUES 316.7 307.6 +3.0%
CONSOLIDATED TOTAL
953.8 953.0 0.1%



GL EVENTS LIVE had revenue of €471.9 million, down 5.7% (-10.2% like-for-like). Despite adverse base and currency effects, this division continued to display strong business momentum reflecting the Group's presence at numerous events.

In the 2017 fourth quarter, GL events Live delivered world-class services for events including the Sommet de L’Élevage, Europe's leading livestock show in Clermont Ferrand, MIPCOM, the world’s entertainment content market in Cannes and the African Union - European Union (AU-EU) summit in Abidjan. The creation of the Sports division that includes Equita Lyon, the major equestrian event, and also LOU Rugby generated new growth and as did PCO activity for medical conventions and institutional events in Turkey.

Acquisitions completed in 2017 strengthened operations for the PCO business (the agency CCC in France), the rental of long-term structures for industry (Tarpulin in Chile and Aganto in the UK) and rental of event structures and power units (Wicked & Flow in Dubai).

A more substantial pipeline of events in 2018 with already more than €35 million in new contracts signed by the Live division – Ryder Cup in France, the Commonwealth Games in Australia, the Football World Cup in Russia, the Longines FEI World Cup™ Finals for Jumping & Dressage as well as the European Games in Scotland – may be expected to contribute to growth by this division in 2018.

GL EVENTS EXHIBITIONS had revenue of €165.2 million, up 14% (+19.3% like-for-like). In the fourth quarter, the Europack-Euromanut, SIRHA Istanbul and Paysalia/Rocalia trade shows registered significant gains in numbers of exhibitors and visitors, highlighting the teams' marketing skills in developing products adapted to the needs of different industry sectors.

GL events Exhibitions is fully focused on preparing the next gathering for all industrial sectors, Global Industrie (Smart industries, Tolexpo, Midest and Industrie) that will bring together more than 2,700 exhibitors in Paris-Nord Villepinte in March 2018 in a space of more than 100,000 m².

GL EVENTS VENUES had revenue of €316.7 million, up 3.0% in relation to 2016 (+2.8% like-for-like) and up 9.3% from 2015, bolstered by continuing growth from destinations like Budapest, Strasbourg, Lyon or São Paulo which, on track with its plan as previously announced, registered an 80% increase in business. In the fourth quarter, Group venues hosted namely the Solutrans international show for road & urban transport solutions in Lyon, Gartner symposium in Barcelona, the Two-Wheeled Vehicles Fair in Sao Paulo and the OI Convention in Riocentro.

As part of its development strategy, GL events recently announced that it was awarded preferred bidder status to manage the future Aichi International Exhibition Centre in Japan scheduled to open in April 2019. Following the signature of the joint venture agreement with Yuexiu Group to manage the convention centre of Guangzhou (Canton), the Group thus reasserts its goals for development in the Asia-Pacific region. Other projects are under study or in negotiations.

 

Outlook

 

GL events confirms its target for an improvement in operating profitability at 31 December 2017.

2018 will benefit from measures initiated in 2017 to reinforce the business and geographical portfolio as well as a more favourable calendar of large events. In consequence, the Group confirms its target for continuing growth in business in 2018 that should result in revenue of more than €1 billion.

 

UPCOMING EVENTS: ANNUAL RESULTS: 21 MARCH 2018 (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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2017


2018 press releases archives