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
Brazil Game Show
The biggest game show in Latin America chose Sao Paulo Expo to host this year’s event, attended by 300,000 fans!
© @studioLopes
Brazil Game 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 2005

Gains in profitability for 2005 first half
IFRS EBIT: +34.8%

Pre-tax income: +36.8%

€mn H1 2005
IFRS
H1 2004
IFRS
Change Reported H1
2004
Net sales 220,1 181,7 +21,1% 181,7
EBIT 17,2 12,7 +34,8% 14,4
As % of sales 7,80% 7,01% - 7,95%
Net financial expense (0,5) (0,6) - (0,9)
Extraordinary items - - - (0,7)
Pre-tax profit 16,7 12,1 +36,8% 12,8
Tax (5,9) (4,0) - (4,2)
Net income of fully consolidated companies 10,7 8,2 +31,4% 8,6
Amortization of goodwill - - - (0,9)
Minority interests (1,0) (0,3) - (0,4)
Net income 9,7 7,8 +23,8% 7,3
As % of sales 4,41% 4,29% - 4,01%


A first half marked by strong sales and earnings

In the 2005 first half, GL events achieved further gains in sales and earnings.

Group net sales increased 21.1% to €220.1 million.

IFRS EBIT was €17.2 million, surging 34.8% on the 2004 first half restated according to IFRS. This performance was driven notably by gains of the more profitable Venue and Event Management business whose share of total sales in the 2005 first half increased to 37.5% versus 26% the same period last year.

Global Services performed well in the first six months. Despite the absence of major sports events in 2005 (versus the 2004 first half with the Athens Olympic Games which generated €15 million), the Group confirmed the pertinence of its business model as a partner for major events. IFRS EBIT was €4.1 million versus €6.6 million in 2004 (IFRS). This trend, reflects adverse seasonal effect on the first half and the charge linked to a provision for litigation entered in the subsidiary BS Vision.

Venue and Event management benefited from the strong contribution from Market Place, the consolidation of Hungexpo and Chorus and the now fully operational Barcelona international convention center (CCIB). IFRS EBIT of Venue and Event Management totalled €13.1 million versus €6.1 million in the 2004 first half (IFRS).

Effective management of Group financial charges contributed to a pre-tax profit of €16.7 million, up 36.8%. After tax and minority interests (notably of Hungexpo), Group net income increased 23.8% to €9.7 million.

 

A growth business that will remain the focus of GL events investment

Growth prospects for event communications are particularly strong in the medium-term and GL events' intends to take advantage of this trend. To this purpose, the Group will pursue investments through targeted acquisitions to increase its network of venues and strengthen its know-how and geographical coverage in this sector.

As a global event industry provider, it is already able to propose a comprehensive range of solutions. This is a competitive market advantage and a source of value for customers.

 

2005 outlook

For the full year, the Group confirms guidance for sales of more than €410 million with Venue and Event Management expected to account for one third of Group sales. The seasonal effect is expected to have a positive impact on Global Services in the second half. GL events' goal is to increase the contribution of this business to earnings in relation to the prior period.

Olivier Ginon, Chairman remarked "These excellent first half performances provide further confirmation of GL events' ability to maintain profitable growth and the validity of our business model of pursuing upstream integration to develop organizational capabilities, engineering and hospitality services for all events to cover the complete event organisation process from the design of an event to its realization."

 

Upcoming events:
- 2005 third-quarter sales, 26 October 2005 (after trading hours),
- 2005 sales, 7 February 2006 (after trading hours),
- 2005 annual earnings, 14 March 2006 (after trading hours).

 

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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Request for financial information

Annual report -
Registration document 2015


Company report
2015