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/
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
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
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
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
Back to Press releases 2012

GL events 2011 Results:

EBITDA up 10.3% to €105.2m

Adjusted operating profit (1) up 5.9% to €51.7m

Gross cash flow rises 7.3% to €61.1m




After a record performance in 2010 (+25% including organic growth of 16%), GL events registered further gains in 2011 with sales of €783 million, up +7.6%.

The Group has in this way reaped the benefits from its positions in expanding international markets with stronger growth trends and has well managed the period following the World Football Cup by contributing to a significant number of large-scale events such as the AFC Asian Cup, the World Rugby Cup, the Africa Cup of Nations, etc.

GL events also integrated the operations of Brelet (a top-tier provider of services for events), Slick (a UK-based specialist in the design and manufacture of grandstands and seating solutions) and Serenas, (Turkey's leading PCO) and registered growing contributions from Première Vision, the organiser of 17 fabrics and textile design trade fairs throughout the world.

For the 2011 full year, France accounted for 54% of the Group revenue, Europe 27% and international markets 19%.





Bolstered by these positive developments, the Group continued to recruit, train and deploy its teams and invest in quality event assets to prepare for a worldwide calendar of events for the 2012-2016 period.

Because of the exceptional provision recorded for the Commonwealth Games held in 2010, EBITDA represents a better indicator for measuring the Group's operating performance in 2011. EBITDA amounted to €105.2 million, increasing 10.3% year-on-year and representing an EBITDA margin of 13.34%.

Operating profit, impacted by the €16.3 million contingency provision for India, amounted to €35.4 million or €51.7 million adjusted to eliminate its impact, in line with Group targets as announced.

Reflecting control of financial debt (€6.6 million, down 8.3%) Net Income came to €20.7 million including €14.8 million attributable to the equity holders of the parent.

Cash flow (on a gross basis) grew 7.3% in the period to €61.1 million. The provision for India also generated a differential between tax expenses and actual outflows in 2011, impacting cash flow after tax (€63.5 million vs. €72.2 million in 2010) and the change in WCR (€23.7 million). As a result, operating cash flow in 2011 amounted to €32.8 million with capital expenditures of €47.5 million.

At 31 December 2011, the consolidated balance sheet had shareholders' equity of €340.8 million with a gearing of 0.67 and net sources of funds (negative WCR) of €66.4 million to finance high-quality intellectual assets and latest generation equipment. This solid foundation provides GL events with a unique basis for differentiation in the world of events with major customers.


€m - Consolidated data2010




Revenue 727.2 782.7 782.7 7.6%
EBITDA 95.5 105.2 105.2 2.1%
EBITDA margin,
(% of sales)
13.10% 13.40% 13.40%  
Depr., amortis. & provisions -31.4 -34.7 -51.0 10.5%
Taxes other than on income -15.2 -18.9 -18.9 24.3%

Operating profit

48.8 51.7 35.4 5.9%
Borrowing costs -7.2 -6.6 -6.6 -8.3%
Other financial income & expenses 0 -0.1 -0.1  

Profit before tax

41.6 45.0 28.7 8.2%

Income tax

-12.5 -13.4 -7.9 8.8%
Net income
29.1 31.6 20.7 7.9%
Associates 1.1 0.8 0.8  

Non-controlling interests

-3.8 -6.8 -6.8  
Net income attributable to the Group 26.4 25.6 14.8 -2.7%

* Restated for the provision for India.






GL events Live with revenue of €397 million, remained stable in relation to the prior year that had included €43 million recognised by the Group from contracts for football competitions held in Africa. Excluding the provision, the operating margin was 5.44%.

GL events Exhibitions, had revenue in 2011 of €171 million, up 51.4% (+23.3% like-for-like (2)). This included positive contributions from the integration of Première Vision, more positive trends for the organisation of proprietary trade fairs (SIRHA) and trade fairs with multiple editions. Its operating margin in 2011 was 12.6%.

GL events Venues had revenue of €215 million, up 0.7%. This activity was impacted by lower margins in Italy and Hungary as well as venue launches. The operating margin for this business unit was 4%.





After contributing to key worldwide events in 2010 and 2011, the Group will confirm its leadership position through team commitment, high-quality assets and a very strong brand name on expectations for further development for worldwide events in 2012 followed by a positive cycle thereafter in GL events' different regional markets. It will also benefit from the development of the Ankara Convention Centre.

Finally, inaugurated on 6 March 2012 in Paris, the Maison de la Mutualité will provide in turn positive momentum for sites of the French capital. After 20 months of renovation under the direction of architect Jean-Michel Wilmotte, this landmark building's standing as one of Paris' French major venues for events has been restored.

Against this backdrop, the Group expects to reach revenue in 2012 of €808 million (3.2% growth). The priority in the period will be to reduce overhead expenses through rigorous and continuous project management oversight, a cost savings program and ramping up of the Gonesse platform for GL events Live's activities in the Paris region.





On 2 March 2012, the Board of Directors voted to propose a dividend of €0.45 at the next Annual General Meeting of the Shareholders. This decision that will increase the yield to 2.9% based on the closing price of 2 March is to reward the shareholders for their confidence and loyalty. And following the impact of an exceptional provision in 2011, it will also ensure that GL events maintains its capacity for continued investments.

(1) Adjusted to eliminate the exceptional provision for India of €16.3m.
(2) Like-for-like: comparable structure and exchange rates.



Upcoming events:
2012 first quarter sales, 24 April 2012 (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 :

Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581


Erick Rostagnat - Managing Director Corporate Finances and Administration:
Tel : +33(0)4 72 31 54 20


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