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
COP22
GL events provides the installations for COP22 in Marrakech from 7 to 18 November 2016.
The largest temporary installation ever produced.
© Architecte OUALALOU+CHOI
COP22
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
Blossom
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
Blossom
Nuits Sonores
GL events is the audiovisual services provider to this major electronic music festival!
© Laure Rousville
Nuits Sonores
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

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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Annual report -
Registration document 2016


Company report
2016


2017 press releases archives