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/studiolopes.com
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
Equita
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
Equita
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
Absolute
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
Absolute
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

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

Download

Request for financial information

Annual report -
Registration document 2015


Company report
2015


2011 press releases archives