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 GL events press releases and financial news - 2011

GL events exceeds target for full-year revenue: €727.2m (+25.1%)

Growth momentum remains strong in fourth-quarter: +23.9%

The strong growth in the first nine months continued in the fourth quarter. Group revenue in the last quarter of 2010 reached a record €219.7 million, up 23.9% from one year earlier (+19.4% like-for-like*).

Consolidated revenue (€ millions)20092010Change %
First quarter 188.5 190.9 +1.3%
Second quarter 112.1 165.9 +47.9%
Third quarter 103.5 150.7 +45.7%
Fourth quarter 177.3 219.7 +23.9%
ANNUAL TOTAL 581.4 727.2 +25.1%


Bolstered by this strong fourth-quarter, consolidated revenue in fiscal 2010 grew 25.1% (+16.2% like-for-like) to €727.2 million. France accounted for approximately 50% of Group revenue, Europe 25% and regions outside Europe 25%.

This record year was marked by GL events' presence at major worldwide sports events (2010 FIFA World Cup South AfricaTM, the Commonwealth Games, competitions of the Equestrian World Cup, major golf competitions), the organisation of high-level international events and the start of operations for new event venues in France (Palais de la Mutualité, Palais Brongniart, Hotel Salomon de Rothschild, the Amiens Mégacité Exhibition and Convention Centre) and Benelux (Brussels, The Hague).

Revenue from Services for the full year rose 34% (+24% like-for-like) to €343.4 million (47.2% of total consolidated sales).

For venue management and event organisation revenue grew 18% (+9.8% like-for-like) to €383.8 million (52.8% of total consolidated sales).

These good performances and market share gains highlight the strength of the Group's strategy based on international expansion, a quality portfolio of premium venues under management, integration and increasing synergies across all business lines.


MORE THAN 20% GROWTH IN EARNINGS BEFORE TAX (unaudited data)

Confident in its growth prospects, Group efforts and investments in 2010 focused both on human resources to recruit, train and deploy its teams, and on its portfolio of assets and equipment, as it prepares for major sports and political events in the line up for 2011-2012.

Profitability for venue management and event organisation nevertheless remained under pressure from the combined impact of capital expenditures relating to the opening of event venues (€2.5m) and difficulties strictly limited to operations in Hungary (loss of €3.2m), two factors that will disappear in 2011.

Furthermore, as previously announced, the transformation of the cost structure resulting from the disposal of real estate assets at 2009 year-end is expected to weigh on operating profit (€3m).

In light of all of the above, GL events expects growth in earnings before tax of more than 20%.

2011 OUTLOOK

After record growth in 2010, trends anticipated for 2011 should enable GL events to achieve growth in sales of more than 5% to approximately €770 million, including contributions from acquisitions announced since December 2010.

Based on the business mix, the Group's objective is to achieve improvements in the margins of its different operations.

  • This outlook is based on:

• Cautious optimism for economic recovery in Europe;
• A favourable agenda for events organised, staged or serviced by GL events;
- SIRHA (the International Hotel, Catering and Food Trade Exhibition) organised from 22 to 26 January, that experienced significant gains for all indicators (number of exhibitors and visitors, international attendance, media coverage);
- The 1st edition of the Doha Motorshow held from 26 to 29 January had more than 80,000 visitors;
- The AFC Asian Cup 2011 (January 2011 in Qatar) that once again highlighted the Group's expertise and commercial coverage in strong developing markets;
- The next G8 and G20 summits and the first political meetings relating to French presidential elections in 2012;
• Growing contributions from venues integrated in the network since last year, with further calls for tender to come for cities where the Group is not yet present;
• Continuing momentum by Group teams in pursuing commercial development in strong growth markets, and notably Brazil.


Upcoming events:
2010 annual results: 8 March 2011 (after the close of trading)

* Like-for-like: comparable structure and exchange rates



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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2011 press releases archives