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

First-half revenue: +1.2%, guidance for profitable growth in 2017 confirmed

GL events (ISIN: FR0000066672 - Symbol: GLO), the integrated event industry group, announces its revenue for the 2017 first half.

GL events had revenue of €496.1 million at 30 June 2017, up 1.2% from the 2016 first half (-1.2% LFL*), with a negative base effect reflecting the 2016 calendar that included in particular the Rio Olympic Games, the Euro 2016 and preparations for COP 22.

REVENUE (€M)2017
REPORTED BASIS
2016
REPORTED BASIS
2015
REPORTED BASIS

Change
17/16

change
17/15

Q1 283.2 236.2 250.2 +19.9%  +13.2%
Q2 212.9 253.8 216.7 -16.1%  -1.8%
Consolidated total
496.1 489.9 466.9 +1.2%

 +6.2%

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

 

Olivier Ginon, GL events Group's Chairman commented: "Highly motivated teams in the field in France and international markets permitted GL events to achieve growth in the 2017 first half in the absence of jumbo events. Sirha's good performance in the first quarter and our presence at high profile events illustrate the recognition of the Group's strategic positioning and unique know-how. In light of our solid fundamentals, I am confident that our goal of profitable growth in 2017 will be achieved."

 

 

Sales by division


H1 REVENUE
(€M)

2017
REPORTED BASIS
2016
REPORTED BASIS
2015
REPORTED BASIS
change
17/16
change
17/15
Live 229.5 258.3 221.6 -11.2% +3.5%
Exhibitions 101.0 78.5 100.1 +28.6% +0.9%
Venues 165.6 153.1 145.2 +8.2% +14.0%
Consolidated total 496.1 489.9 466.9 +1.2% +6.2%

 

GL events Live was impacted by the negative base effect linked to the Rio Olympic Games and COP 22, down 11.2% from the 2016 first half (-14.4% LFL*). Bolstered by steady performances from recurrent events like Sirha, Première Vision, the Cannes Festival, the International Agricultural Show, the Saut Hermès show jumping competition or the International Paris Air Show, but also important corporate events (the Nissan Micra launch, Loxam's 50th anniversary) revenue at 30 June 2017 was up 3.5% from the first half of 2015, a year without major jumbo events providing a better basis of comparison.

In this first half, GL events Live pursued it strategy of targeted acquisitions to reinforce its know-how and geographical coverage. The Group thus strengthened its position in the medical convention segment with the acquisition of CCC and in Chile it added expertise in modular structures with Tarpulin.

 

GL events Exhibitions had €101.0 million in revenue in the 2017 first half with strong growth of 28.6% in relation to last year's same period (+28.6% LFL*) and up 0.9% from 30 June 2015, reflecting the biennial nature of the business. Following a first quarter with strong growth linked to a very high quality edition of Sirha, many trade shows were held in France and in international markets: Première Vision, the Lyon International Fair, CFIA Rennes, the Industrie Lyon trade that registered significant gains, Expobiogaz in Bordeaux, Gaming Istanbul or the Geek and Game Rio Festival.

 

GL events Venues had revenue of 165.6 million, up 8.2% from 30 June 2016 (+6.5% LFL*). This division's growth was driven in particular by Sao Paulo Expo's activity that is continuing to build momentum with an occupancy rate of 55% (Salao Moda Brasil, Automec and Feicon Batimat) but also by all Group sites that hosted events and trade fairs like the World of Coffee and Construma at Hungexpo, Genesys International at the Square – Brussels Meeting Centre, Mondial de la Bière at Maison de La Mutualite, the Plastics Industry Exhibition at Eurexpo.

 

 

Financial structure and continuing improvements in profitability

 

The consolidated income statement at 30 June 2017, unaudited to date, will show an increase at different levels of profitability, EBITDA, current operating income and net income (attributable to owners of the parent) exceeding 15% in relation to the 2016 first half.

The ratios of net debt to equity and net debt to EBITDA will also improve in relation to 30 June 2016, keeping in mind that historically they are always highest on this date.

 

 

Recent highlight: The emergence of a global French trade show devoted to industry

 

As announced by the Group on 12 July, the acquisition of Midest and Tolexpo will enable GL events Exhibitions to implement all synergies required for this large-scale gathering for the benefit of French and international manufacturers, starting with the 2018 edition to be held from the 27th to 30th of March at Paris-Nord Villepinte. At an exhibition area exceeding 100,000 m², 2,700 exhibitors and more than 50,000 professional visitors are expected.

 

 

Outlook


Based on the start of this year and events already scheduled for the second half, GL events maintains its objective for profitable growth in 2017. The Group furthermore intends to pursue its goal of reducing debt (excluding an external growth transaction).

 

 


Upcoming events:
2017 first-half results 5 September 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 : 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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