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 Press releases 2006

Strong across-the-board growth in 2005
Net sales: +22.1%

EBIT: +29.8%
Net income: +30.5%
Growth targets for 2006 sales exceed 10%

(€ millions)20052004Change2004
  IFRS IFRS   French GAAP
Net sales 434,2 355,5 22,1% 355,5
EBIT 33,2 25,6 29,8% 28,3
As % of sales 7,65% 7,20% - 7,9%
Net financial expense -2,1 -2,1 - -2,3
Tax -10,0 -7,6 - -7,9
Net income of fully consolidated companies 21,1 15,9 32,4% 14,8
Minority interests -1,1 -0,6 - -0,8
Net income 20,0 15,4 30,5% 14,0

Strong across-the-board growth

GL events Group continued to produce profitable growth in 2005 as margins improved in response to a 29.8% surge in EBIT to €33.2 million.

This further rise in the EBIT margin to 7.65% reflects the growing contribution of Venue and Event Management (now accounting for 35% of sales) and GL events' unique positioning covering the entire event industry spectrum.

With net financial expenses unchanged in 2005, net income surged sharply 30.5% to €20 million.

Venue and Event Management (sales of €149.1 million) registered particularly strong gains (organic growth of 25.5% and overall growth of 81%). The operating profit of this division was €17.6 million or 11.8% of sales.

Global Services also posted solid gains, advancing 4.4% to €285.1 million with an operating profit of €15.6 million and a margin of 5.5%. This performance includes the costs from restructuring a subsidiary in the United Kingdom. In addition, operating profit of approximately €1.7 million generated by Global Services was booked by Venue Management. Finally, this division participated in a number of prestigious events among which may be noted the World Summit on the Information Society in Tunis, the Euromed Summit in Barcelona, the launching of the A380 Airbus.

With cash flows of €44.3 million representing more than 10% of sales, a free cash flow increasing sharply to €20.4 million and a gearing of 38.8% GL events' financial position is particularly sound. On this basis, the General Meeting of 19 May in Lyon will be asked to approve a dividend per share of €0.52, an increase of 26.8%.

 

A proactive investment strategy for sustained profitable growth

Through its strategy upstream integration of event industry services, GL events has achieved a unique market position based on a comprehensive offering. By integrating its full range of expertise in event design, organization and hosting, the group has successfully responded to market demand for integrated high added value solutions.

GL events will pursue this strategy, notably by expanding its network of venues and developing its ability to design and duplicate events in area and with international one. The successful capital increase of November 2005 provided it with additional resources to finance this growth and achieve its sales target of €700 million for 2008.

 

Outlook

In 2006, GL events will be present at a large number of events, providing an increasing contribution to their design, hosting and associated services. The cities of Clermont-Ferrand and Saint-Etienne renewed their confidence in the group by entrusting it with the management of their convention centres through concession agreements for an additional 10 and 12 years respectively. In addition, the extension of the Lyon Convention Centre which will double of size with in particular the hall with a 3,000-seat capacity, will be put into service in June.

Noteworthy events of 2006 first-half will include:
- The Commonwealth Games in Melbourne, in the second week of March,
- The FIFA World Football Cup in Germany in June with orders for approximately €4.5 million,
- The Toulouse International Trade Fair, organized and hosted by the Toulouse Exhibition Centre,
- The Cannes Film Festival, in May,
- The Barcelona F1 Grand Prix, on 12 to 14 May, for which the contract has been renewed to 2011,
- Congrès Euro PCR, in the first half of May, organized by Europa Organisation aso...

Based on favourable trends for the event communications sector, visibility provided by current orders and acquisition projects, the group announces sales guidance for sales growth in 2006 exceeding 10%.

 

Upcoming events:
Publication of 2006 first-quarter sales, Tuesday 25 April 2006 (after trading hours)

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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2017