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 2012

EXCELLENT GROWTH MOMENTUM AND RESULTS FOR GL EVENTS IN 2012 FIRST HALF

Full-year targets raised

 

EXCELLENT GROWTH MOMENTUM

 

GL events had revenue in the first half of €435 million, up 11.4% like-for-like (1), with €30.2 million in Operating Profit and €17.1 million in Net Income attributable to the Group.

Despite an unfavourable comparison base for the first half from the biennial schedule of the International Hotel, Catering and Food Trade Exhibition (SIRHA) and very high levels for H1 revenue in 2010 and 2011, the Group continued its expansion, through:
- Its European leadership, to maintain a good volume of recurrent business;
- Positions in the most attractive business tourism destinations such as Brazil, Turkey, Africa, the Middle East and China;
- A full line-up including some of the largest global events: the Group successfully met the needs of customers for all major events held in the first half as an organiser and/or provider of overlay solutions for the Africa Cup of Nations and 2012 UEFA European Football Championships and the London Olympic Games.

The Live and Venues business units delivered particularly satisfactory performances with like-for-like growth of respectively 21.6% and 14.5%. The Exhibitions business unit posted a limited decline, in line with expectations, reflecting the biennial scheduling of SIRHA and the disposal of Trade Fair assets (-€6.7 million).

 

 

 

EXCELLENT EARNINGS TRENDS

 

The Group's overall profitability improved significantly in the 2012 first half. Consolidated operating profit for the first half amounted to €30.2 million with an operating margin at 6.9%. Adjusting for the €3.5 million capital gain from the disposal of Trade Fair assets in the 2011 first half, Operating Profit was up 19.4% and Net Income attributable to the Group 52.6%.

Operating Profit for GL events Live increased threefold to €15.4 million with positive contributions from its presence at all major global events and good project management. The Group has invested €40 million in this activity, notably for structures and grandstands for the London Olympic Games.

The Group also registered good performances for proprietary Trade Fairs through its strategy of replication in emerging powers (Brazil, Gulf Region, Russia, China); the drop in revenue (-19.4%) and Operating Profit for GL events Exhibitions is linked exclusively to the biennial effect and the capital gains mentioned above.

GL events Venues posted good revenue growth (+12.6%) and gains in operating profit (+13.4%). The operating margin came to 7.4%, while the Group's Paris venues have not yet reached target levels in terms of operating performances, compounded by adverse impacts from the Budapest and Italian sites.

With a decline in Net Financial Expense to €4.4 million and a €1 million loss allocated to Non-Controlling Interests, Net Income Attributable to the Group came to €17.1 million.

Cash flow amounted to €50.7 million. The net source of funds at 30 June 2012 rose to €80.3 million (from €64.9 million at 31 December 2011).

On this growth in net income, shareholders' equity rose to €346.3 million. The Group had capital expenditures of €40 million for rental equipment in the first half, mainly for the London Olympic Games, and financed in part from Net Financial Debt, up €20 million to €260.7 million. At 30 June 2012, gearing amounted to 0.75 though remained under control.

 

Consolidated income statement data (€m)H1 11H1 11
Excl. capital gains
H1 12S1 12/11 Excl. capital gains
Revenue 383.9 383.9 435.0 +13.3%
Operating profit 28.8 25.3 30.2 +19.4%
Operating margin 7.5% 6.6% 6.9% +0.3 pt
Net financial expense (5.5) (5.5) (4.4)  
Profit before income tax 23.3 19.8 25.8 +30.3%
Income tax (6.7) (5.9) (8.0)  
Net income of consolidated operations 16.6 13.9 17.8 +28.1%
Income from equity-accounted investments 0.2 0.3 0.2  
Net income before non-controlling interests 16.9 14.2 18.1 +27.5%
Non-controlling interests (3.0) (3.0) (1.0)  
Net income attributable to the Group 13.9 11.2 17.1 +52.6%

 

 

 

STRATEGY FOR STRONG ACCELERATION IN BRAZIL

 

The combination of economic development and unprecedented line-up of major events between now and 2016 (World Youth Day of Rio 2013, FIFA Confederations Cup 2013 and World Cup 2014, 2016 Rio de Janeiro Olympic Games) make Brazil an exceptional destination for business tourism. Building on the successful presence of its three main businesses in Brazil since 2006, GL events is fully equipped to continue its rapid, solid and sustained development in this market.

 

 

 

STRATEGY & OUTLOOK

 

In the 2012 second half, GL events will:
- Stage the Pollutec environmental technology trade fair, the Metz trade fair, the Mutualité Française Convention in Nice or the Rio Oil & Gas Expo;
- Organise the Première Vision Paris and Shanghai fabric shows, the food industry CFIA packaging and technologies trade fair in Casablanca, Casa Su Misura in Padua, and Equita Lyon, the Omnivore World Tour in Istanbul and Sydney, Piscine Lyon;
- Equip the City Events in Lausanne.

Based on commercial performances in the first six months and orders for the second half, the Group has raised its guidance for full-year sales to €820 million.

In subsequent periods, the Group intends to leverage its status as a major player in Europe to optimise management of its costs and margins and accelerate its expansion into other international regions, with very solid foundations, mainly in "emerging powers" such as Brazil, Turkey, Africa, Gulf countries, Russia and China, all offering remarkable potential for business tourism and that will host major global events in the years ahead.

 

(1) Organic growth defined as at constant structure and exchange rates

 

 

 

Upcoming events:
Third-quarter sales, 16 October 2012 (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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