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
- As per the forecast, first of the year half sales grew by over 20%
- The group has signed two major contracts as part of its model focusing on recurring business
- New foreign acquisition
Generale Location has posted a strong increase in its sales during the first half of the year to 113m, representing a rise of 22.7% (sales were stable on a comparable exchange rate and structure basis during the first half; without the impact of the Sydney Olympic Games, the growth came to 35.4%)
|Consolidated sales||1st half 2001||1st half 2000||% chg.|
For the full year, we are maintaining our sales growth target of over 20%.
Recurring business in the Shows / Exhibitions market
Generale Location has signed recently two major contracts with Premiere Vision (world largest textile trade show) and with the Reed group (world largest exhibition organiser) for six and three years respectively. These contracts are expected to generate sales of over €120m over these periods.
In the fast growing Events market, the group has continued its international expansion by acquiring the company Owen Brown based in the UK
Generale Location is an industry global provider. As announced in previous financial releases, Generale Location has recently purchased Owen Brown, a UK-based company founded in 1913 specialised in renting temporary structures. It has a turn over of 10m, an operating margin of 10% and a net margin of 7% (based on its accounts for the year ended 31 March 2001). The terms of the deal were in line with previous acquisitions. Over a full year and based on the latest data, the consolidation of Owen Brown by Generale Location is likely to have an earnings-enhancing impact of 7-8%.
Owen Brown will strengthen Generale Location's European positions in the event market for its temporary structures and temporary seating division.
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 : firstname.lastname@example.org
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581