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 2010

Strong third-quarter revenue: +45.7%

Positive outlook for solid and sustainable growth

 

ACCELERATION OF GROWTH IN THIRD QUARTER: +45.7%

Growth momentum for GL events in the first half accelerated in the third quarter to reach a record €150.7 million, advancing 45.7% year-on-year (+31.9% like-for-like (1)

<
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%
TOTAL NINE MONTHS 404.1 507.5 +25.6%

 

While market conditions for the European event industry in the period remained challenging, there have been signs of progressive recovery in international markets, particularly for the Trade Fair and Corporate segments. Positive trends for international markets were bolstered by high economic growth regions and robust world trade. On this basis, international operations accounted for 66% of quarterly revenue, a virtually twofold increase on the equivalent prior-year period.

With this strong third-quarter performance, consolidated revenue for the first nine months of 2010 was €507.5 million, up 25.6% or 14.8% like-for-like. At 30 September, international operations accounted for 52% of consolidated revenue with more than half outside Europe.

These excellent performances and consistent growth in market share have been driven by continuing international expansion, a portfolio of premium venues under management, integration and increasing synergies across all business lines led by talented teams with a dual commitment to commercial development and successful operational execution.

 

EVENT SERVICES HIGHLIGHTS AND RESULTS

Services had revenue €88 million, advancing 67% (+53% like-for-like).

In the period, Services managed the end phase of the FIFA 2010 World Cup TM project and deployed their full offering for the 2010 Commonwealth Games of Delhi, India, through a large contract for the provision of equipment and fixtures covering temporary structures, the supply of electricity, air conditioning and furniture for 14 sites. This contract represented quarterly revenue of €19 million on a proportional performance basis.

Top-of-the-line Absolute temporary structures equipped prestigious events such as the Ryder Cup golf competition in Wales and Fashion Week Paris. The Group also participated actively in the successful organisation of the Davis cup semi-finals in Lyon and work on a museum in Gabon in connection with the 50th anniversary of independence.

At 30 September 2010, Services had 9-month sales of €250 million, up 40% (+29% like-for-like).

 

VENUE MANAGEMENT AND EVENT ORGANISATION HIGHLIGHTS AND RESULTS

Venue Management and Event Organisation had sales of €63 million, up 24% (+10% like-for-like).

In a difficult climate for the organisation of corporate events, the Group pursued its international development, organising in August the 50th anniversaries of the independence of two African nations, designing, producing and staging the commemoration events, through contracts for more than €8 million.

GL events also benefited in the quarter from an upturn in activity for its event venues and contributions from venues in Amiens, The Hague and the Palais Brongniart concession.

For the first nine months, Venue Management and Event Organisation had sales of €257 million, up +14% (+4% like-for-like).

 

POSITIVE OUTLOOK FOR SOLID AND SUSTAINABLE GROWTH

The Group has a very good book of orders for the fourth quarter. Levels for reservations and commercial performances for large-sized trade fairs, organised such as the Bologna Motorshow, Piscine, and Equita in Lyon Eurexpo or hosted such as Pollutec, have been satisfactory.

On this basis, the Group is confident that it will be able to achieve sales of more than €690 million or annual growth of approximately 20% with a gain of more than 10% in fourth quarter.

The outlook for the Group in 2011 and the following years also appears very promising with several major strengths to act on opportunities for market development:


•A favourable calendar:
- Major global sports events distinguished by strong demand for temporary equipments to be held in areas where the Group has a significant presence or with institutions with which it has partnered for several years;
- Large political events in France (G8 Summit in Nice, French Presidency of the G20, the French presidential elections, etc.);
- Call for tenders by local and regional governments for the management of venues throughout the world.


•A more positive economic environment for renewed investment by companies in trade fairs and events;


•And finally by exploring opportunities for external growth to accelerate the Group's global strategy that could result in the first signature for an acquisition in the coming weeks.

 

Upcoming events:
2010 net sales: 1 February 2011 (after the close of trading)

 

(1) 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

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