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 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
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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2017