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 2005

The Group posts further gains in profitability

Net sales: +4.6%
EBIT: +8.7%
Net income of fully consolidated companies: +12.1%
Cash flow: +18.8%

€mn 2004 2003 Change
Sales 355,5 339,8 +4,6 %
EBIT 28,3 26,0 +8,7 %
as % of sales 7,95% 7,65%
Net financial expense (2,3) (2,2)  
Exceptional items (1,3) (0,8)  
Tax (7,9) (8,1)  
Net income of fully consolidated companies 16,7 14,9 +12,1%
Goodwill amortization (1,9) (1,7)  
Minority interests (0,8) (0,4)  
Net attributable profit 14,0 12,8 +9,8%

Strong growth by the Group's strategic businesses (sales excluding fittings: +13.7% and +9.7% at constant structure and exchange rates) once again fueled further gains in margins.

EBIT advanced 8.7% to €28.3 million. The Group EBIT margin in consequence continued to improve, increasing to 7.95%, (versus 7.65% in 2003 and 7.45% in 2002).
This trend reflects:
- Excellent performances by Global Services for Trade Shows, Exhibitions and Events with an EBIT margin of 6.9%,
- A sharp improvement in the margin for "Permanent and Semi-Permanent Installations" (formally "Fittings, Systems & Services") to 7.8% versus 5.9% in 2003.
- The increasing contribution of Venue and Event Management, accounting for 23% of net sales in 2004 with an EBIT margin of 10.8%.

In response to these developments, combined with the stability in net financial expense and exceptional items, net income of fully consolidated companies rose 12.1% to €16.7 million.

 

A solid balance sheet

Group cash flows surged 18% to €38.8 million. This in turn boosted operating cash flow by 12% to reach €34.8 million. Gearing (net financial debt/equity) was 37.5% compared with 36.0% at 2003 year-end.

This solid cash flow performance strengthens the Group's proactive strategy based on pursuing both internal growth and external growth opportunities. GL events will continue to focus on developing an integrated offering of turnkey value-added event industry services for organizers, companies and institutions.

The Group's healthy balance sheet enables it pursue its expansion into sectors offering attractive growth opportunities by:
- Developing a portfolio of venues and events and pursuing synergies with the Global Services business lines,
- Further strengthening the positions of Global Services in both France and international markets.

 

Positive outlook for 2005

Olivier Ginon, Chairman, declared: "GL events registered excellent performances in 2004 both in terms of growth and earnings. I would like to thank all members of the Group for their remarkable work, our customers for their confidence in GL events' expertise and our shareholders who reconfirmed their support through their positive response to our capital increase in July 2003.
Early 2005 has already been marked by major international successes in winning privatization bids for exhibition parks in Padua and Budapest. The Barcelona International Convention Center is also expected to register gains in volume in the year in progress.

On the basis of these trends, the Group anticipates another year of sustained growth in 2005. Our guidance for 2005 is sales exceeding €400 million accompanied by further improvements in margins."

 

Dividend

At the next General Meeting, the Board of Directors will ask shareholders to approve a dividend of €0.41 for the 2004 financial period representing an increase of 10.8% on the prior year.

 

Upcoming events:
Publication of 2005 first-quarter sales: 26 April 2005 (after the close of trading).
Publication of 2005 first-half sales: 27 July 2005 (after the close of trading).
Publication of 2005 first-half earnings and the impact of the adoption of IFRS: 6 September 2005 (after the close of trading).

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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Annual report -
Registration document 2017


Company report
2017