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/
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
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
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
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
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."



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 :

Code ISIN : FR0000066672
Code Bloomberg : GLO FP
Code Reuter : GLTN.PA
Code FTSE : 581


Erick Rostagnat - Managing Director Corporate Finances and Administration:
Tel : +33(0)4 72 31 54 20


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