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
A regular and recurrent development mixing internal/external growths with the factor due to the timetable of events
A profitable economic model and a structured organization capable of absorbing the economic variations of the business activity
At the end of the third quarter of 2001, net sales are 159.3 million Euros, a 19.8 % increase compared to the first nine months of last year (with constant scope and exchange rate : -7.5%).
Excluding exceptional event (Sydney Olympic Games), the progression over nine months comes to 31.2 %.
Despite the economic slow-down felt since the second quarter of this year as well as the more recent dramatic world events:
- terrorist attacks of September 11th (cancellation and postponements of events)
- cancellation for the past few months of all the events at the Exhibition Center in Toulouse after the accident at the AZF chemical plant,
net sales fixed at 238 million Euros will have to be reached (Générale Location estimate August / September 2001 - net sales signed and identified).
On 31 October 2001, Générale Location and the local authorities of the city of Barcelona signed the final contract granting the group the space management of the future Convention and Congress Center good through 2021.
Again in the same business sector, Générale Location, in the coming days, is expecting the signature of a new contract for the management of a Congress and Convention Center.
Furthermore, Générale Location is strengthening its engineering activity for the benefit of organizers of congresses, conventions, corporate events on a grand scale, and will announce, also in the next couple of days, the acquisition of a company specialized in this sector of activity.
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