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
Pursuant to proceedings of 30 October 2006, the Metz Metropolitan Region (Communauté d'Agglomération de Metz Métropole) awarded GL events a 30-year concession to manage its Exhibition Centre previously managed by a semi-public company. This new agreement, adding a new destination for customers in the east of France, highlights the Group's focus on strengthening its network of venues.
STRENGTHENING ITS PORTFOLIO OF FRENCH VENUES
Located in a dynamic region at the crossroads of Northern Continental Europe, the Metz Metropolitan Region Exhibition Centre is an ideally situated site.
It offers a modular infrastructure capable of hosting, national and international events. Out of a total area of 21ha, it includes hall space of 25,600 m², a 7,500 m² Convention Centre and parking facilities for 5,000 cars.
Supported by a highly-qualified staff of 26, the Exhibition Park acquired a solid reputation in the French market of events. These strengths combined with the Group's ability to attract new events should enable the Centre to pursue its expansion and contribute to promoting its region.
The Centre is expected to progressively generate sales to attain €8 million. GL events has undertaken commitments with the local government to invest close to €11 million over 3 years to renovate and develop the site. The concession agreement will take effect on 1 January 2007.
OPPORTUNITIES FOR DUPLICATING AND OPTIMIZING RETURNS FOR EVENTS ORGANIZED BY GL EVENTS
By assuming the management and marketing of this new venue, GL events also increases its ability to duplicate events. The group is in effect today an owner or organizer of nearly 230 tradeshows, congresses, exhibitions and events throughout the world.
The addition of this new site has also reinforced the Group's position as a partner of major event industry customers with a portfolio of venues capable meeting the needs for all events in terms of size and destinations.
This new concession agreement is consequently fully in line with GL events' growth strategy.
Publication of 2006 fourth-quarter sales, Tuesday 6 February 2007 (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 : email@example.com
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581