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
COP22
GL events provides the installations for COP22 in Marrakech from 7 to 18 November 2016.
The largest temporary installation ever produced.
© Architecte OUALALOU+CHOI
COP22
GL events enters into a joint venture
with Yuexiu Group
to jointly develop a network of event sites in China. The first phase will consist in managing a 50,000 m2 convention centre in Gangzhou (Canton), targeted for opening in 2019.
© 效果图│ Renderings
GL events enters into a joint venture<BR>with Yuexiu Group
Euro 2016
Fan Zone in Lyon
A total surface area of 62,000m2 and 25,000 people a day; the Fan Zone in Lyon managed by GL events was the official home of football and fun during the event.
© Nicolas Rodet
Euro 2016<BR>Fan Zone in Lyon
Brazil Game Show
The biggest game show in Latin America chose Sao Paulo Expo to host this year’s event, attended by 300,000 fans!
© @studioLopes
Brazil Game Show
Sport dans la Ville
GL events provided services to “Sport dans la Ville”, an association promoting social inclusion through sport, for the inauguration of its new premises.
© Gilles Fillot
Sport dans la Ville
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 de Fourvière
GL events has been a partner to this festival in Lyon for many years: sound systems, lighting, structures for the “Village des Nuits”.
© Francis Mainard
Nuits de Fourvière
Blossom
Designed as an upmarket showroom in the heart of Paris, the show is the ideal place to get a preview of the pre-collections of fabrics and accessories, in a select private environment.
© Stéphane Kossmann
Blossom
Nuits Sonores
GL events is the audiovisual services provider to this major electronic music festival!
© Laure Rousville
Nuits Sonores
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

Contacts

Erick Rostagnat - Managing Director Corporate Finances and Administration:
info.finance@gl-events.com
Tel : +33(0)4 72 31 54 20

Download

Request for financial information

Annual report -
Registration document 2015


Company report
2015