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
|In M€||2002 First Half||2001 First Half||Variation|
|Consolidated net sales||140,6||113,0||+24,4%|
Lyon, 23 July 2002
Sustained growth trend of the activity, beyond forecast in a still slow economy
During 2002 first six months, Générale Location's net sales reached 140.6m€, a 24.4% increase (+4% on identical structure and exchange rates).
Générale Location's participations in the world of sports at events such as the World Cup of Football in Korea, Formula 1 GP in Barcelona, Monaco, Canada, were successful, and the recently acquired or managed entities were well integrated (Toulouse Convention Center, BS Vision, Package and Esprit Public, Toulouse Exhibition Center).
The second half of the year should be satisfying in term of invoicing, particularly for BS Vision and Owen Brown with around 66% of their annual net sales realized during the last six months of the year.
International: on-going development
Net sales from international activities represent 27% of the total and confirms the Group's presence in Europe and the world.
Prospects: sustained dynamism
Générale Location is looking into several opportunities to acquire new businesses related to the Group's different fields of activity.
The growth for the full year should follow the actual trend.
Presentation of the results for 2002 first six months and prospects during the meeting of 12 September 2002.
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 : firstname.lastname@example.org
Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581