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 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

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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