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
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 Sonores
The 2016 Nuits Sonores are equipped by GL events Audiovisual.
© Laure Rousville
Nuits Sonores
Sao Paulo Expo inauguration
The inauguration of the expanded and renovated Sao Paulo Expo on 26 April was attended by more than 500 economic decision-makers.
© Rodrigo Lopes/studiolopes.com
Sao Paulo Expo inauguration
COP 21
The aim of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) was to negotiate a new universal agreement on climate change, in order to maintain global warming below 2°C. GL events supplied and assembled structures for this key event, and also provided audiovisual services, fixtures and fittings for the event spaces.
© Philippe Cler
COP 21
African Games
The Live! by GL events agency was in charge of organising the spectacular closing ceremony for the African Games.
© Myli Bourigault et Pierre Le Tulzo / Live! by GL events
African Games
Video City Paris
Organised by the producers of the Golden Moustache (M6 TV channel), the Studio Bagel (Canal+ TV channel) and Mixicom, in collaboration with Live! by GL events, Vidéo City brought together around a hundred of the most popular YouTube video creators. A genuine success!
© Philippe Cler
Video City Paris
Maison de la Mutualité
The Maison de la Mutualité was the former headquarters of the French mutual insurance federation . The venue has been managed by GL events since 2010. The Group has renovated the building to return it to its former glory. Today, the venue hosts all types of events, from business meetings and exhibitions to fashion parades.
Maison de la Mutualité
Equita
This is an event that horse-riding fans look forward to every year. Organised by GL events, Equita is the largest equestrian show in France. Each year, around 3,500 horses take part in the event which attracts over 150,000 visitors.
© PSV – Jean Morel
Equita
IMF and the World Bank
The Boards of Governors of the IMF and the World Bank met in Lima (Peru) this year to establish the main priorities and focuses for the two institutions. The production of this large-scale event was entrusted to a consortium made up of GL events and the event agency Stimulus.
© Joao Socola
IMF and the World Bank
Absolute
Spacious, elegant and with impeccable finishing, Absolute Triple Deck is an exceptional structure that combines robustness and aesthetics. Providing more than 25% additional interior surface area, this new events structure takes standards in excellence to a whole new level.
© Detail Ltd
Absolute
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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Annual report -
Registration document 2015


Company report
2015