Company report 2006

Transcription

Company report 2006

06
GL EVENTS
2006 Company Report
This Reference Document has been filed
with the AMF and is available on the company’s
website, www.gl-events.com,
and the AMF website, www.amf-france.org
xxxxxx
2006
CONTENTS
GL EVENTS
01
gl events
02
BUSINESSES
03
THE COMPANY
0 Gl events
2006
Contents
03
01. GL EVENTS
05
Profile
07
2006 highlights
13
Message from the Chairman
15
Message from
the Vice Chairman
17
Corporate governance
21
Market and strategy
27
Key figures
31
The GL events network
33
35
41
02. BUSINESSES
Venue and event
management
Services
47
49
03. THE COMPANY
History and milestones
53
Company values
and social responsibility
Capital expenditure
57
59
Organisational structure
and support departments
63
Safety and regulatory compliance
65
Human resources
69
Sustainable development
73
Shareholder information
2006 Company Report 02
01
GL EVENTS
Première Vision
0 Gl events
01
GL events
05
07
13
15
17
21
27
31
Profile
2006 highlights
Message from the Chairman
Message from the Vice Chairman
Corporate governance
Market and strategy
Key figures
The GL events network
01
Profile
GL EVENTS
01
Profile
BNV Hungexpo
Boost GL events’
expansion in Europe
and around the world
in the three main
event organisation
markets
0 Gl events
Large events and meetings, whether dealing with economics, politics, science, or
sports, are playing an increasing role in
our globalised world.
Therefore GL events’ strategy for 20072008 aims to take advantage of this trend
by accelerating its European and international growth in the three main event management markets:
¬ Event services – to help coordinate major
international gatherings such as sporting
events, summits, and global conferences;
¬ Convention and exhibition centre management – through GL events’ sites which
span three continents (Europe, Asia, and
South America); and
¬ Event organisation – through specialised
companies skilled in managing conferences,
exhibitions, and conventions bringing
together exhibitors and visitors from all
nationalities.
One of GL events’ goals for 2008 is to even
out the percentage of revenue generated in
France vs. internationally, which currently
stands at 67% in France vs. 33% in other
countries.
Within France, GL events aims to anchor
its position as an events specialist with a
unique business model, as it is the only
company that is vertically integrated across
the entire event management chain:
specialised services, venues, and event
organisation.
GL EVENTS VALUES
COMMITMENT – Respect our customers,
trust our partners, and be responsible for
our actions, because an event’s success
depends on it.
PASSION – Differentiate through creativity,
and dare to have dreams, wishes, and
convictions, because they spark the best
ideas.
INNOVATION – Provide increasingly innovative solutions, because there are no limits
to the imagination.
CUSTOMER FOCUS – Work in teams, be
proactive and eager, and respect people’s
differences, because this will provide customers with a service that is attuned to
their needs.
e23.5 M
Net income
e495 M
76
Offices around
the world
Employees
Consolidated
revenue
Venues
e163 M
International
revenue
3,000
Paris
Lyon
Toulouse
Clermont-Ferrand
Metz
Nice
Saint-Etienne
Vannes
Barcelone
Budapest
London
Padua
Rio de Janeiro
Shanghai
Organisation
Services
Temporary fixtures
Furniture
Decorations
Lighting
Signage
Stands
Structures
Stages
Sound
Audiovisual
equipment
Reception areas
Access control
Fittings
Congresses
Conferences
Trade shows
Conventions
Exhibitions
Product launches
Shareholders’
meetings
Inaugurations
Seminars
Galas
19
Convention
and exhibition centres
01
2006 HIGHLIGHTS
GL EVENTS
01
2006
HIGHLIGHTS
FEBRUARY 2006
Premiere Vision
The World’s Premier Fabric Show™, with
46,000 visitors, was held in the Paris Nord
Villepinte convention centre.
GL events builds its largest grandstands
ever in Melbourne
In order to host the swimming competition
for the 17th Commonwealth Games in Melbourne (4,500 athletes from 71 countries),
GL events built two enormous, 20-metre
high stages with seating to accommodate up
to 6,600 fans.
MARCH 2006
GL events wins a franchise for the Rio de
Janeiro fairgrounds and an installations
contract for the 2007 Pan-American
Games
Riocentro is Rio de Janeiro’s fairgrounds and
convention centre, and encompasses over 57
hectares with 87,000 m2 of exhibition space.
GL events will invest €25 million to renovate
the site and host the 2007 Pan-American
Games (5,000 athletes from 42 countries
competing in 34 events).
0 Gl events
APRIL 2006
GL events opens a new office in Paris
GL events opened a new office in the centre
of Paris, at 38-40 Avenue de New York, in
order to enhance its presence in the French
capital and consolidate several of its events
industry businesses at one location.
JUNE 2006
38th Mutual Insurers Congress in Lyon
The 38th Mutual Insurers Congress was the
first event of this magnitude (3,000 visitors)
held at the Lyon Convention Centre’s new
Amphitheatre, a large-capacity auditorium.
GL events wins an installations contract for
the 2007 Cricket World Cup
GL events, which provided services for the
2006 Football World Cup, the Rugby Six
Nations Championship, and the Commonwealth Games in Melbourne, will once again
demonstrate its skills in sports event management during the 2007 ICC Cricket World
Cup in Jamaica, the West Indies.
01
2006 HIGHLIGHTS
GL EVENTS
JULY 2006
GL events acquires Fagga Eventos
GL events acquired Fagga Eventos, one
of the leading event organisers in Latin
America (conferences, exhibitions, corporate events, etc.). Fagga Eventos has head
offices in Rio de Janeiro, Saõ Paulo, and
Salvador de Bahia, and has organised
major events in Brazil, including fully and
jointly-managed trade shows such as the
Expo Construçao (construction industry),
Sustentavel (sustainable development),
Expo Logistica (transport and logistics),
and the highly popular book Biennal which
attracts over 800,000 visitors.
6,000 volleyball fans in the Champ de Mars
park in Paris
GL events set up a collection of grandstands
to accommodate a total of 6,000 spectators
for the Swatch FIVB Beach Volleyball World
Tour held in Paris on 26-31 July.
SEPTEMBER 2006
0 Gl events
GL events wins the management contract
for the Shanghai New International Expo
Centre
The city of Shanghai selected GL events to
manage and promote its New International
Expo Centre located in the Pudong New
Area, the city’s and country’s financial
hub. This centre was opened in 2005 and
has 14,450 m² of usable space, including
two large halls of over 5,000 m² each. The
contract will last five years. GL events’
presence in Shanghai, a city with one of
the most vibrant economies in the world,
clearly illustrates the company’s strategy
of expanding into high-potential, attractive areas.
NOVEMBER 2006
GL events participates in major European
trade shows
GL events participated in three major
events-industry trade shows in Europe:
EIBTM in Barcelona, ISEM in London
(sports events), and Heavent in Paris.
Biennial Dance Festival and Biennial
Antique Fair
GL events provided services to France’s Biennial Dance Festival and Biennial Antique Fair;
the former was held in Lyon and the latter at
the Grand Palais in Paris.
GL events adopts a new, more customerfocused organisational structure
GL events has simplified the organisational
structure of its services business. From now
on, each customer will interface with only
one account manager, and receive a single
quote and invoice – even if the service provided
by GL events draws from many different
companies within the group. This significant
change affected over 2,000 employees.
Microsoft training at the CCIB in Barcelona
Microsoft once again selected the CCIB in
Barcelona, this time to host its first technical
training session for the EMEA region (Europe,
Middle East, and Africa) on 6-17 November
2006.
GL EVENTS
©
L’Atelier Renault – Photo : O. Martin Gambier
01
2006 HIGHLIGHTS
DECEMBER 2006
Market Place: 2006 Events Communication
Agency of the Year
Market Place was voted the 2006 Events
Communication Agency of the Year by the
selection committee for the 27th annual Agencies of the Year Awards sponsored by Briac.
GL events also made news for its designs for
the Atelier Renault events centre in Paris and
the Paris tramway inauguration.
2006 Asian Games in Doha
GL events won a contract to set up the
Sponsors Village for the Asian Games, an
event which will bring together Asia’s top
athletes in Doha, Qatar from the 1st to the
15th December 2006.
11 Gl events
Lyon renews its trust in GL events
The city of Lyon renewed its Convention Centre management contract with GL events for
another 10 years. This decision underscores
the city’s trust in the ability of GL events to
support the Centre’s growth and facilities
expansions, including its new, 3,000-seat
Amphitheatre.
Nice Acropolis: A new venue
management contract for
GL events
GL events won the call for tenders to manage
the Nice Acropolis Convention Centre and
Exhibition Hall through a 10-year public
service delegation contract. The site’s
30,000 m² of usable space and four
auditoriums offer a venue that can be
customised to suit just about any type of
event: conferences, conventions, shows,
sports events, trade fairs, exhibitions, etc.
GL events builds its stakes in Sepel and
Sepelcom
GL events increased its ownership interests
in Sepel and Sepelcom to 47% and 95%,
respectively, as part of its efforts to promote
Lyon as a destination for international events.
Sepelcom organises prestigious trade
shows and public events such as the
SIRHA-International Hotel, Catering, and
Food Trade Exhibition, the Lyon
International Trade Show, the
Pool and Spa Fair, etc.
GL events wins the management contract
for the Metz Convention Centre
The Metz Convention Centre (Parc des
Expositions Metz Métropole) is ideally
located in a bustling region at the crossroads of Northern Continental Europe. The
Centre has its own modular structures
that can be used to host local, national,
and international events. It is spread over
21 hectares, and comprises 25,600 m² of
exhibition space, a 7,500 m² conference
centre, and a car park with 5,000 places.
The city of Metz awarded GL events a 30year contract to manage its Convention
Centre, which was previously managed by
a semi-public company.
01
MESSAGE FROM the CHAIRMAN
GL EVENTS
01
Message from
the chairman
Olivier Ginon
2006 saw positive momentum in all three
of our growth drivers: services for trade
shows, conferences, and events; venue
management at convention centres, exhibition halls, and event sites; and event
organisation. This pick-up in activity
across the board underscores the relevance of our business model.
at high-profile locations in France and
around the world, in cities such as Lyon, Rio
de Janeiro, Shanghai, Nice, and Metz. These
customers give us a foothold in today’s most
promising markets and enable us to take a
proactive approach; we can anticipate our
customers’ needs through creative ideas
and innovative services.
In fact, GL events’ business development
strategy gives us a vision and outlines our
priorities, and resulted in new contract wins
throughout 2006. These contracts were
primarily related to venue management
These contracts also prove that customers
recognise the value added by our complementary businesses, in that we can organise events as well as provide venues and
all the associated services. The contract
for the Pan-American Games in Rio de
Janeiro is a perfect example. GL events
will bring its event management skills to
the Pan-American Games at the Riocentro this July, as well as oversee the site’s
renovation and management for the next
50 years.
“We can anticipate
our customers’
needs through
creative ideas
and innovative
services”
13 Gl events
Furthermore, through the conferences and
events that the company either sponsors or
has acquired through its managed venues,
GL events now has operations across the
entire events industry. We have expanded
our business by acquiring high-quality
companies such as Sepelcom (conferences
and events) and Kobé (events in the medical sector) in France, and Fagga Eventos
(business conferences and conventions) in
Brazil.
Going forward, our strategy will focus
on enlarging our network in France and
internationally, developing new services
consistent with our core business, and
combining strong customer relationships
with a balanced, diversified customer
portfolio. These are our goals for 2008,
and will be our benchmarks for progress
as we move ahead.
Olivier Ginon
Chairman
Première Vision
01
MESSAGE FROM The VICE CHAIRMAN
GL EVENTS
“A single
point-of-contact
to coordinate
activities
with all GL events
departments”
Heavent
15 Gl events
01
MESSAGE FROM
The VICE CHAIRMAN
Olivier Roux
By continuing to develop its unique business model, GL events aims to become
the leading fully-integrated international
company in the events sector by 2010.
Significant strides were made towards
this goal in 2006, with several new contract wins and successful projects completed around the world.
On the international front, GL events
built a stage with 6,000 seats for the 17th
Commonwealth Games in Melbourne,
Australia; provided services for the 2006
Asian Games in Doha, Qatar; helped host
the ICC 2007 Cricket World Cup in the
West Indies; secured a large contract for
the Pan-American Games; and won an
initial contract for the Olympic Games in
Beijing.
T h e ve n u e m a n a g e m e n t b u s i n e s s
expanded its international footprint with
contracts for the Riocentro in Rio de
Janeiro (the largest convention centre in
Latin America, with 87,000 m2 of exhibition space on a 57 hectares site) and the
Shanghai New International Expo Centre
located in the Pudong New Area, the city’s
and country’s financial hub.
In France, Lyon renewed its contract
with GL events to manage its Convention
Centre, bearing witness to the city’s
confidence in our company. At the same
time, we increased our stakes in Sepelcom,
a conference and event organiser, to 95%,
and Sepel, the company that operates
Eurexpo, the Lyon Exhibition Centre, to
47%.
After winning contracts for the Metz
Exhibition Centre and the Nice Acropolis Convention and Exhibition Centre, GL
events now has 853,000 m2 of event space
across its entire network. We opened two
new offices in 2006, one on Avenue de
New York in Paris and one in Lyon’s Cité
Internationale, in an effort to group similar
businesses and better exploit synergies.
GL events also reorganised the sales
department in its services business so as
to boost efficiency and support the company’s growth. A new, customer-focused
approach has been adopted with one
account manager for each customer; this
account manager will serve as a single
point-of-contact and coordinate activities
with other GL events departments. This
new organisation will eventually be implemented in all the company’s businesses.
Olivier Roux
Vice Chairman
01
CORPORATE GOVERNANCE
GL EVENTS
01
CORPORATE
GOVERNANCE
Board of directors
JEAN-PAUL SIMOËNS, MAZARS
(JEAN-MARIE BARBEREAU,
CHRISTINE DUBUS)
Principal statutory auditors
MICHEL MAZA, OLIVIER BIETRIX
Alternate statutory auditors
17 Gl events
OLIVIER GINON
CHAIRMAN
Appointed by the Annual General Meeting
of 24 April 1998, reappointed by the Annual
General Meeting of 25 June 2004 for a term
ending at the close of the Annual General
Meeting to be held in 2010 to approve the
financial statements for the fiscal year
ending 31 December 2009.
AQUASOURÇA
BOARD MEMBER
Represented by Sophie Defforey-Crepet
Appointed by the Combined General Meeting
of 20 December 2002 for a term ending at
the close of the Annual General Meeting to
be held in 2008 to approve the financial statements for the fiscal year ending 31 December 2007. Independent Board Member.
OLIVIER ROUX
VICE CHAIRMAN, BOARD MEMBER
Appointed by the Annual General Meeting
of 24 April 1998, reappointed by the Annual
General Meeting of 25 June 2004 for a term
ending at the close of the Annual General
Meeting to be held in 2010 to approve the
financial statements for the fiscal year ending 31 December 2009.
PHILIPPE MARCEL - BOARD MEMBER
of 11 July 2003 for a term ending at the close
of the Annual General Meeting to be held in
2009 to approve the financial statements for
the fiscal year ending 31 December 2008.
Independent Board Member.
GILLES GOUEDARD-COMTE
BOARD MEMBER
Appointed by the Combined General Meeting of 14 June 1996, reappointed by the
Combined General Meeting of 20 June
2002 for a term ending at the close of the
Annual General Meeting to be held in 2008
to approve the financial statements for the
fiscal year ending 31 December 2007.
DAMIEN BERTRAND
MANAGING DIRECTOR, BOARD MEMBER
Appointed by the Combined General Meeting of 20 June 2002 for a term ending at
the close of the Annual General Meeting
to be held in 2008 to approve the financial
statements for the fiscal year ending 31
December 2007.
ANDRÉ PERRIER
BOARD MEMBER
of 9 June 2000, reappointed by the Combined
General Meeting of 14 May 2006 for a term ending at the close of the Annual General Meeting
to be held in 2012 to approve the financial statements for the fiscal year ending 31 December
20011. Independent Board Member and Chairman of the Audit Committee.
ÉRICK ROSTAGNAT
MANAGING DIRECTOR, CORPORATE &
FINANCIAL ADMINISTRATION, BOARD
MEMBER
of 20 June 2002 for a term ending at the close
of the Annual General Meeting to be held in
2008 to approve the financial statements for
the fiscal year ending 31 December 2007.
Première Vision
01
CORPORATE GOVERNANCE
GL EVENTS
Heavent
19 Gl events
Executive
Committee
¬O
LIVIER GINON
Chairman
¬O
LIVIER ROUX
Vice chairman
¬G
ILLES GOUEDARD-COMTE
EXECUTIVE COMMITTEE
The Executive Committee reviews the
company’s operations and makes decisions regarding its organisational structure, finances, and human resources. It
examines potential acquisitions so as to
make recommendations to the Board of
Directors, and implements the company’s
business development strategy and internal
control policy. The Executive Committee met
22 times in 2006.
Founding partner
¬D
AMIEN BERTRAND
Managing director
¬ É RICK ROSTAGNAT
Managing director,
corporate & financial administration
¬ J EAN-EUDES RABUT
Executive vice president,
Venue and event management
¬ MA
RC DONCIEUX
Executive vice president,
conventions and events
¬D
ANIEL CHAPIRO
Executive vice president
¬ Y VES HUNCKLER
Vice president, France conferences
¬ C ATHERINE PERRIN
Vice president, human resources
SUPPORT DEPARTMENTS COMMITTEE
The Support Functions Committee
addresses current affairs, finance, human
resources, and IT systems. It is comprised
of Olivier Ginon, Olivier Roux, Damien
Bertrand, Jean-Eudes Rabut, Erick
Rostagnat and Daniel Chapiro.
AUDIT COMMITTEE
The Audit Committee works with statutory auditors to ensure that the accounting methods and procedures used by
GL events companies are appropriate
and applied consistently. It oversees the
implementation of internal procedures,
expands their scope, and ensures the
transparency and quality of the group’s
financial information. The Audit Committee
is comprised of Olivier Ginon, André
Perrier (Committee Chairman and Board
Member), Erick Rostagnat, Damien
Bertrand, Daniel Chapiro, and Jean-Charles
Desrayaud (Vice President, Accounting
and Taxes). It met 4 times during 2006.
RISK MANAGEMENT COMMITTEE
The Risk Management Committee meets
twice a year to assess the fiscal, social,
and customer risks that could adversely
impact the group’s financial position. It is
assisted by an outside attorney and comprised of Olivier Ginon, Erick Rostagnat,
Damien Bertrand, Jean-Eudes Rabut,
Catherine Perrin, Antoine Stehelin (chief
legal officer), Jean-Charles Desrayaud,
and Marie-Pierre Bossard (head of customer credit and insurance).
SYNERGIES COMMITTEE
The Synergies Committee is comprised
of the heads of all the group’s main subsidiaries (for all businesses) and business
development departments, shares information, and coordinates short-term sales
and operating activities. It meets once a
week.
BUSINESS UNIT COMMITTEES
The Business Unit Committees are comprised of the heads of each business unit
and oversee the finances and operations
of each affiliated company.
INVESTMENT COMMITTEE
The Investment Committee reviews and
decides whether to approve any investments that are either above certain set
amounts or not included in initial budgets.
It is comprised of Damien Bertrand, JeanEudes Rabut and Daniel Chapiro.
COMPENSATION COMMITTEE
The Compensation Committee reviews
the group’s executive compensation, stock
option policy, and bonus share grants
before submitting them to the Board of
Directors. It is comprised of Olivier Ginon,
Olivier Roux, and the Independent Board
Members, namely Aquasourça, represented by Sophie Defforey-Crepet, André
Perrier and Philippe Marcel.
01
MARKET AND STRATEGY
GL EVENTS
01
MARKET
AND STRATEGY
The events industry
Over the past three decades, GL events
has evolved into a leading player in a
unique industry, event management, and
have become vertically integrated across
the entire value chain.
GL events and a handful of other large
companies (e.g., Reed Exhibitions, SMG,
GES, and Publicis) have helped establish
events, in all their different forms, as a
third segment of marketing communications, along with media (TV, cinema,
press, radio, billboards, online, etc.) and
direct marketing.
The company’s revenue generally tracks
that of communications spending by companies both in France and internationally.
It tends to be particularly influenced by
non-media purchases, which have risen
the most over the past ten years.
In fact, GL events’ revenue grew 18%
per year between 1998 and 2004, thanks
to the company’s successive expansion
into the three main events businesses:
services, venue management, and most
recently event organisation. The company
is targeting over 17% revenue growth for
2007 and 2008.
International business will be one of
GL events’ primary drivers over this period,
and revenue from international operations
is expected to swell from just over 30% of
revenue in 2006 to 50% in 2008.
Communication spending in France since 1994
(Source: UDA 2006 Key Figures)
35,000
30,000
25,000
20,000
+ 4.8
+ 4.8
+ 3.5
+ 3.7
+ 4.5
+ 6.0
+ 6.9
+ 2.7
+ 1.1
+ 2.8
+ 3.5 + 2.3
+ 3.7
+ 3.9
+ 2.0
+ 3.7
+ 4.7
+ 9.1
+ 9.7
- 5.0
- 0.4
+ 0.3
+ 4.1
+ 1.1
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
15,000
10,000
5,000
Non-media
(change in %)
21 Gl events
Media
0
Breakdown of non-media spending
(Sources: France Pub-IREP and UDA 2006 Key Figures)
6%
9%
2%
Direct marketing
4%
Key players
in the events
industry
Promotions
48%
Conferences and trade fairs
7%
Sponsorships
Donations
Public relations
Directories
Communications
and event agencies
These agencies assist with event
planning phases, including consulting, design, specifications, and general coordination, and in some cases
manage the entire project for the
customer.
24%
Conference
and trade show organisers
These companies typically design, organise, and promote conferences, trade
shows, fairs, congresses, and exhibitions which they either host themselves
or organise for a customer.
Venue operators
Venue operators manage the sites that
are essential for holding temporary
events. These include convention centres, exhibition halls, fairgrounds, auditoriums, etc. These sites often belong
to local or regional governments which
outsource the management and operation to a specialised firm.
Event service providers
These companies provide customised
or general services that play a vital
role through the entire event planning process – decorations, furniture,
signage, stands, structures, stages,
lighting, sound, AV equipment, visitor
reception, etc.
Sirha-International Hotel, Catering and Food Trade Exhibition
01
MARKET AND STRATEGY
GL EVENTS
Grand Prix de Tennis de Lyon
The events market
Tra d e s h ow s a n d ex h i b i t i o n s fo r
professionals and the general public
These accounted for 4.4% of French companies’ communications spending in 2006,
up 2.5% from 2005 (according to France
Pub-IREP).
GL events customers: Maison & Objets
(home decorations), SIRHA (catering),
Première Vision (fabrics), PRÊT-À-PORTER PARIS ® (fashion), SIHH (watches),
SIAE (aerospace), Student Fair (general
public), and Batimat (construction)
Première Vision
Corporate, international, sports, and
entertainment events
This market is diverse and difficult to
value accurately, although the French
Events Association (ANAE) identified 74
events of over €1 million that took place
in France in 2006. Major events held in
other countries frequently had budgets
exceeding €20 million.
GL events customers: Olympic Games (in
Sydney, Athens, and Beijing), Evian G8
Summit, World Summit on the Information
Society in Tunis, Asian Games in Doha,
Cricket World Cup, Rugby Six Nations
Championship, Football World Cup (in
France, Korea, and Germany), etc.
Congresses and conventions
Almost 10,000 congresses and conventions are held every year in over 200
countries and 1,500 cities. France is the
second-most popular destination in the
world with approximately 600 every year,
almost half of which take place in Paris
(according to the UIA).
GL events customers: EuroPCR (cardiology), World on emulsions Congress
(chemistry), World Road Congress
(transportation and the environment),
AMF Global Congress (finance), EuroBiO
(biotechnology), etc.
GL events’ business model,
unique in its industry, is based on a
comprehensive offer combining event
organisation, venues, and services
International Hotel, Catering and Food Trade Exhibition
23 Gl events
An integrated business model
GL events’ business model is unique in its
industry, in that it is based on an integrated
combination of services, venue management,
and event organisation.
However, the three businesses do not work
with one another exclusively – each strives
to serve its customers’ best interests – but
all are held to GL events’ high standards
for quality and dependability.
¬ The services business provides engineering work, furniture, fittings, decorations, lighting, signage, etc. to event
organisers, venues, reception areas, and
other event sites.
¬ The venue management business (convention and exhibition centres managed
by GL events) hosts events organised
by either the company itself or by third
parties.
¬ The event organisation business draws
from the skills of GL events’ companies to
coordinate events for customers.
With this integrated offer, GL events can
support all types of events, from simple
gatherings to complicated, large-scale
affairs requiring proven know-how and
dependability in all steps of the event
planning process.
GL events plans to use this business
model to become the leading global, fullyintegrated events company in the sector.
Fully-integrated businesses serving customers
All GL events businesses – services, venue
management, and event organisation – work
together to provide customers with the optimal, customised solution.
Organisation
Organisation
Hosting
Venue management
Equipment
Services
Customer
Vinexpo Asia-Pacific
Athletics World Championship
01
MARKET AND STRATEGY
GL EVENTS
Two sites in strategic
locations: Riocentro
in Rio de Janeiro
and the New
International
Expo Centre
in Shanghai
GROWTH AND
INTERNATIONAL
EXPANSION
2003
¬ Parc Floral – Paris
(venue management)
¬ Auvergne convention hall and
auditorium (venue management)
¬ Europa Organisation (event
organisation)
2004
Hungexpo International Automobile Trade Fair
¬ Market Place (event organisation)
Balanced growth
When GL events first started, it provided event
services to customers located primarily in
France. However, since becoming a public
company, it has broadened its range of activities in order to secure sustainable growth
opportunities. This strategy was given a boost
in 2005 through a share issue which raised
€35.7 million of capital.
The first pillar of the company’s growth is
events and venue management, which currently makes up almost 40% of revenue
– a jump of over 30% from 2005 to 2006.
This advancement has been fuelled by a
healthy pace of acquisitions and new concessions (12 between 2003 and 2006), and robust
organic growth within each division.
The second focus is international expansion.
International revenue (i.e., revenue generated
outside France) surged from 22% of the
company’s total in 2000 to almost 33% in
2006, with a target of 50% by 2008.
25 Gl events
2005
¬ Padovafiere – Padua
All of GL events’ businesses have contributed
to this international growth.
The services business won large contracts
for major international events, including the
Cricket World Cup, Pan-American Games,
and Olympic Games.
The venue management business signed
on six new convention and exhibition centres
outside of France.
The event organisation business coordinated
over 200 trade shows, proprietary events and
conventions, and international conferences
(World Road Congress, EuroBiO, EuroPCR,
etc.). The company acquired Fagga Eventos, a
Brazilian events agency, while sites in Budapest and Padua also organised conferences.
(venue management)
¬ Hungexpo – Budapest
(venue management)
¬ Chorus – Vannes
(venue management)
¬ Performance Organisation
(event organisation)
2006
¬ Riocentro - Rio de Janeiro
(venue management)
¬ New International Expo CentreShanghai (venue management)
¬ Metz Exhibition Centre
(venue management)
¬ Eurexpo – Lyon
(venue management)
Through all its businesses, GL events has operations in 14 countries across three continents.
¬ Sepelcom (event organisation)
¬ Fagga Eventos (event organisation)
¬ Kobé (event organisation)
¬ Nice Acropolis Convention and
Exhibition Centre (venue management)
Tranoï
01
KEY FIGURES
GL EVENTS
01
KEY FIGURES
Prêt-à-Porter Paris®
Competitive advantages
GL events has several competitive advantages that can propel its
growth and help it meet its ambitious goals.
A unique business model with two drivers: businesses integrated across the entire
value chain (event organisation, venue management, and services), which can provide
support through the entire event process,
particularly in terms of a direct relationship
with the end customer; and international
expansion.
A diversified, balanced customer portfolio which shields the company from risks
related to event cyclicality and downturns in
any one sector.
A strong, recognised brand with a single
name - GL events - covers all the group’s
operations. Customers and event consultants associate the brand with prestigious
events and a reputation for professionalism
and proven expertise.
Value appreciated by investors
GL events floated on the Paris Stock
Exchange Second Marché in 1998, and is currently considered a benchmark company. In
August 2005, Investir magazine ranked it as
one of the top ten mid-cap stocks, and investors continue to appreciate the company’s
clear strategy. GL events’ intangible value is
Maisons & Objets VIP
27 Gl events
enhanced further by its high-quality brand
and sound ethics displayed by its management in actions and decision-making.
Potent logistics operations, which are
essential to overcoming the numerous
challenges posed by coordinating an event.
GL events has warehouses and inventory
in strategic locations and can mobilise its
resources to any site hosting a major international event – Melbourne (Commonwealth
Games), the West Indies (Cricket World
Cup), Qatar (Asian Games), Beijing (Olympic
Games 2008), etc.
Technological innovation in applications
such as electronic badges and audiovisual
equipment (e.g., Wifi-operated lighting systems and high-definition flat TV screens in
which GL events is a pioneer for their use in
events.
A safety-focused culture is a fundamental
requirement for indoor and outdoor events,
structures, equipment, and venues. Safety is
essential not only for event visitors, but also
for the employees who work to set up complicated operations with a firm commitment
to meeting a given deadline.
Solid growth
International revenue
GL events supports its customers around the world with
services, sites, and event organisation
180
Revenue growth
33
17% average annual revenue growth over the past five years
14% increase in 2006
600
33
30
160
140
25
120
23
500
100
400
80
300
60
200
236
302
340
355
434
496
100
40
20
66
76
69
106
145
164
2001
2002
2003
2004
2005
2006
20
0
0
2001
2002
2003
2004
2005
2006
Revenue in million €
% of total revenue
Net income of consolidated companies
21% average annual growth over the past five years
21% increase in 2006
30
1.56
25
1.44
20
0.92
1.00
1.13
15
10
0.77
9.8
13.2
14.9
15.9
21.1
25.6
2001
2002
2003
2004
2005
2006
5
0
Net income in million €
EPS in million €
01
Key figures
GL EVENTS
Summary balance
sheet, income
statement,
and cash flow
statement
Art Paris
Income statement
Continued gains in operating margin and profit margin
In million e
06
IFRS
05
IFRS
Change
Revenue
495,7
434,2
+14,2%
Operating profit
40,5
33,2
+21,9 %
Profit from financing activities
(4,2)
(2,1)
-
Taxes
(10,7)
(10,0)
-
Net profit from consolidated companies
25,6
21,1
+21,0%
Associates accounted for using the equity method
0,2
-
-
Minority interests
(2,2)
(1,1)
-
Attributable net profit
23,5
20,0
+14,4%
4,75%
4,62%
-
Profit margin
29 Gl events
Balance sheet
International Hotel, Catering and Food Trade Exhibition
A solid, healthy financial structure
A cut in working capital requirement
Only 22.5% leverage – sufficient capacity to finance a growth strategy
December 2006
December 2005
207,1
Non-current assets
Equity
258,0
Rental equipment
50,2
Assets
Non-current assets
11,6
Provisions
46,6
Debt
42,9
Rental equipment
Working capital
Liabilities
and
equity
179,4
Equity
13,9
Provisions
69,6
Debt
16,9
Working capital
228,2
51,6
Assets
Liabilities
and
equity
Cash flow statement
Operating cash flow over 10% of its revenue.
€25.6 million of capital expenditure, €19.7 million of which in the services business
06
05
Net profit
23,5
20,0
Operating cash flow
50,1
44,3
Change in working capital
17,6
(2,9)
Cash flow from operating activities
67,7
41,4
(25,6)
(21,0)
42,1
20,4
Acquisitions
(17,5)
(71,2)
Cash flow from financing activities
(8,5)
82,8
Capital expenditure
Free cash flow
01
THE GL EVENTS NETWORK
GL EVENTS
01
THE
GL EVENTS
NETWORK
76 locations
worldwide
19
Event venues
¬ In France – 13 convention centres, exhibition halls, and concert halls in Paris,
Lyon, Saint-Etienne, Metz, Nice, ClermontFerrand, Vannes, and Toulouse.
¬ In Europe – 4 prestigious sites in Barcelona, Budapest, London, and Padua.
¬ Outside Europe – Rio de Janeiro and
Shanghai.
All these sites work together to offer customised event packages encompassing
several locations or destinations.
Pudong Expo
76
Offices
GL events’ offices provide customers with the
company’s entire range of services, and maintain close customer relationships, regardless
of the event size, because of their strategic
locations.
The offices are supported by four large logistics sites in France (in Lyon-Brignais, northern
Paris, southern Paris, and Nantes).
31 Gl events
2
The event organisation business has been
consolidated into two offices in key cities:
¬ In Paris, on Avenue de New York;
¬ In Lyon, in the Cité Internationale.
New event
organisation offices
This move was made so that the business’
employees can better exploit synergies, collaborate on projects more efficiently, and
send concerted bids in response to calls for
tenders.
Paris - Avenue de New-York
GL events
locations
around the world
76 locations with a network
of managed venues
Lyon - Cité Internationale
Managed venues
02
Businesses
Première Vision
33 Gl events
02
Businesses
35 Venue and event management
41 Services
02
VENUE AND EVENT MANAGEMENT
Businesses
02
VENUE
AND EVENT
MANAGEMENT
Venue management:
a booming business
A NETWORK
OF MULTI-PURPOSE SITES
The events market has evolved substantially over the past 30 years, with sites
becoming increasingly multi-purpose
and able to accommodate a wide variety
of event types.
Indeed, the events themselves have
changed; some conferences now also
have exhibition areas, and some that
were previously exhibit-only now include
a series of seminars or conferences.
Organise
a single
event across
many venues
Therefore, in light of this burgeoning
demand, being able to provide a network
of managed venue space within the same
city is a genuine asset (e.g., an exhibition hall tied to a convention centre, or a
conference site with an auditorium) – and
something GL events is now able to do in
Lyon, Toulouse, Clermont-Ferrand, and
Nice.
GL events also has sites outside France
that can offer combined convention centre
and exhibition hall facilities, such as the
Riocentro in Rio de Janeiro.
The company has the resources to leverage these locations effectively by providing
a one-stop shop for customers to reserve
venues, receive help with event organisation,
and obtain the needed equipment, regardless
of the event location.
Being able to supply such comprehensive service at its managed venues gives
GL events a major advantage over its
competitors, and one that is in step with
market demand.
Barcelona International Convention Centre
35 Gl events
853,000m2
Total exhibition
area managed
by GL events
Parc Floral - Paris
2,600
Events hosted
460
Employees
9.5 millions
Event visitors
and exhibitors
19
Venues managed
(13 in France,
4 in Europe,
2 in Rest of World)
Hewlett Packard
CANON Convention
02
Businesses
NEW OUTSOURCING
ARRANGEMENTS
The global venue and event management
sector is highly competitive, and success
requires an increasingly broad array of
targeted skills.
Public and private developers – which
build event centres in the hopes of bolstering their region and increasing its
economic appeal – are shifting away from
direct management and relying more
and more on outsourcing or concession agreements to handle their centres’
operations.
Barcelona International Convention Centre
sionally and generate a positive inflow
that benefits the local economy.
In France, these partnerships usually
take the form of public service delegation
contracts through which local administrations outsource the operation of a site to
a private company. Other countries use
similar procedures involving concessions
or subcontracting agreements.
With these new arrangements, developers
can ensure the centres are run profes-
GL events operated 19 sites in 2006 for a
total of 853,000 m 2, encompassing four
types of event venues: convention centres,
exhibition halls, concert halls, and reception areas.
MACIF Congress
38e Congrès de la Mutualité
COMPLEMENTARY BUSINESSES
Venue management fits in naturally with
GL events’ traditional businesses and comprehensive offer. The company invests a great
deal of its financial resources in this area, as it
provides long-term visibility on future revenue
streams (management contracts typically last
between 6 and 20 years in France, and even
longer in other countries).
37 Gl events
This business exemplifies GL events’
growth strategy because it combines the
company’s three core competencies –
venue management, event organisation,
and services – and has seen a surge in
international business, as illustrated by
its recent new contract wins in Padua,
Budapest, Rio de Janeiro, and Shanghai.
THE COMPETITIVE
LANDSCAPE
The venue management market in France is
highly fragmented due to its size and the type
of skills needed, with few players outside of
the Paris region.
Unibail and the Paris Chamber of Commerce
are the largest actors, followed by numerous
local administrations and public and semipublic organisations.
Internationally, the leading companies are
RAI in the Netherlands, SMG in the US, NEC
and Excel in the UK, and Fiera Milano in
Italy.
In terms of event management, the main
competitors are communications agencies,
conference organisers, and a handful of
specialised companies such as Colloquium,
Kenes International, Reed Exhibitions, Exposium, Congrex, MCI, etc.
GL events’
venue management
business provides
long-term
revenue visibility
MACIF Congress
02
Businesses
159
Trade shows
31,000
Exhibitors
230
Conferences,
congresses,
and events
73,000
Presenters
290
©
L’Atelier Renault – Photo : O. Martin Gambier
Employees
Mes Jouets Renault
39 Gl events
Euro PCR
Event organisation: an integrated
business with added value
Event organisation is one of the key businesses in GL events’
integrated offer, along with venue management and services.
This business entails skills in event planning, ideas, locations, and communications, and covers all links in the event
chain, from design and specifications
through to execution. GL events’ suggestions and advice in this area are source of
substantial added value for its customers.
More specifically, event organisation
involves selecting the most appropriate
services based on an event’s scope and
target audience, and how it fits in with a
customer’s overall strategy. GL events’
range of services extends all the way to
logistical issues such as travel arrangements, lodging, and receptions for event
attendees.
GL events predicts that growth in this
business will be driven by contracts to
organise professional events, which will
also improve the company’s long-term
visibility.
The business was enhanced in 2006
through the acquisition of a stake in Sepelcom in Lyon. Sepelcom thus joins Europa
Organisation, Kobé, Package Organisation,
Esprit Public, Market Place, and Performance Organisation in GL events’ family of
event organisation subsidiaries.
Events’ strategy in this business is centred
on three goals:
Create and replicate proprietary trade
shows;
Strengthen partnerships with event
agencies,
Reinforce presence through conventions,
congresses, and teambuilding events.
MAIN TYPES OF EVENTS
Corporate events
Employee events (e.g., seminars and
teambuilding workshops), corporate
events (e.g., inaugurations, shareholders’ meetings, and PR events), product
communications (e.g. unveilings and
launches), etc.
Conventions and congresses
Business conventions, international
forums, and congresses in a variety of
fields (science, economics, medicine,
politics, education, non-profit organisations, etc.)
Fairs and trade shows
Fairs – general, specific, regional, and
international – and all sorts of public
and professional trade shows
02
SERVICES
Businesses
02
SERVICES
Services: a robust business
in the global arena
A BUMPER YEAR FOR NEW
CONTRACTS
DIVERSIFIED
SKILLS BASE
2006 was marked by several noteworthy
new contract wins, most of which were on
a global scale. These included the 2007
Pan-American Games in Rio de Janeiro,
Brazil; the 2007 Cricket World Cup in the
West Indies; the 2006 Asian Games in
Doha, Qatar; the 2008 Olympic Games in
Beijing, China; and the 2007 Rugby World
Cup in France. These contracts secure a
solid future for the services business, and
in conjunction with its contracts for the
2006 Football World Cup and 2006 Commonwealth Games in Melbourne, substantiate GL events’ strong position in major
international sports events. This series of
high-profile competitions will take place
almost non-stop through 2007 and 2008,
and therefore pose significant challenges
for the company as it mobilises its employees
and know-how across five continents.
The services business is not limited to largescale events. It covers the full spectrum of
needs for occasions of all sizes. For instance,
GL events provided services to almost 3,500
events in 2006 across all the countries in
which it operates. Important recurring events
include large trade shows, as their budgets
are not highly correlated with the economic
climate and tend to hold steady from one
year to the next. Industry trade shows outside of large cities typically focus on niches
and local markets, in parallel with national
and European conferences. Trade shows for
the general public complement regional fairs
and special events catering to sophisticated
enthusiasts of wine, culture, DIY, etc. In terms
of conventions and congresses, recent years
have seen a proliferation of events in all sectors – sports, politics, science, etc. – which
have spurred business for the company.
Prêt-à-Porter Paris® / Who’s Next
41 Gl events
International Logistics Solutions Show
Rugby 6 Nations Championship
GL events
helped organise
almost 3,500 events
worldwide in 2006
3,500
Trade shows
1,943
Employees
e296 M
Revenue
(33% from international
operations)
02
services
Businesses
More efficient
sales organisation
In order to help its sales operations run more efficiently and handle
the abundance of new contracts, the services business
has reorganised its sales department into a more customer-focused
approach.
From now on, each customer will work
with a single account manager, regardless
of the scope and complexity of that customer’s event. This account manager will
relay the customer’s needs to the appropriate GL events division (reception, decorations, fittings, sound, AV, stands, etc.)
and communicate the division’s response.
This new sales organisation will streamline operations, speed decision-making,
improve flexibility, and allow the company
to move more quickly. In addition, customers will receive a single quote or invoice
outlining all the services provided by
GL events – a welcome benefit in an industry where one event can entail dozens of
different services. These changes have
been accompanied by more formalised
procedures and simplified administrative
tasks. Almost 2,000 GL events employees
in France were directly or indirectly affected
by the reorganisation.
Première Vision
43 Gl events
A global offer
GL events provides customers with a unique set of know-how
and resources. As a partner and advisor to event organisers,
the company stands apart from its competitors in what remains
a highly fragmented market. GL events has proven expertise
in virtually every step of the event planning process, backed
by solid design, research, logistics, and scheduling skills.
Services for trade shows,
conventions, and other events
¬
GL events provides
a unique combination
of event skills
and equipment
General installations: full event area
preparation, including layout and installation of networks, structures, traffic flow,
AV equipment, etc.
¬ Venue design: creation, layout, furniture,
and decorations based on an area’s intended use (reception, lounges, meeting rooms,
forums, restaurants, VIP rooms, etc.)
¬ Signage: floor plans, direction indicators, space markers, event programmes,
safety warnings, etc.
¬ Stands: traditional, collapsible, and
modular.
¬ Temporary structures: tents and outdoor structures (with one or more levels)
for events of all sizes.
¬ Furniture: 300,000 items representing
over 1,000 different products available for
rent, including furniture, display cases,
and accessories.
¬ Grandstands and bleachers: temporary,
permanent, indoor, and outdoor, of all
Other services
Prefabricated temporary structures:
GL events is the leading company in
France and the UK for the sale and longterm rental of temporary structures. It
has developed a range of aluminiumframe products with PVC coatings that
are just as resistant to wind and snow as
permanent buildings.
Machined aluminium components:
GL events creates and stocks high-design
sizes (they are systematically checked by
an independent certifier before being sent
to customers).
¬ Audiovisual equipment: video projectors,
TV screens, plasma displays, video-image
walls, computers (including installation
and configuration), etc.
¬ Sound and interpretation: state-of-theart equipment incorporating digital and
analogue technology for recording, amplification, mixing, playback, etc.
¬ Lighting: traditional, scenic, and customised for stands and special rooms
(press, VIP, food service, etc.), as well as
electric wiring
¬ Climate con.trol: for permanent or temporary structures.
¬ Reception: bilingual or trilingual receptionists for greeting, informing, and
directing event attendees.
¬ Information systems: registration,
access control, and visitor screening.
aluminium components and accessories,
and works with furniture makers, fitters,
woodworkers, and stand makers.
Interior fittings: The company provides fittings for corporate headquarters,
showrooms, retail stores, museums,
reception halls, etc.
Floral decoration and landscaping: The
floral decorations and landscaping provided by GL events help create an event’s
atmosphere and enhance the quality of
venues and public areas.
Businesses
Direction Eclairage Public Ville de Lyon – Conception : R. Vigneron et D. Fontaine
02
services
©
Creativity
and added value
The success of GL events’
services business depends
increasingly on the value added
at each step of the process.
GL events’ professionals add a dose of
style and creativity to events, through
significant details such as furniture selection, floor coverings, lighting, and musical ambiance. Their talent in venue design
shines through in events for all sectors,
including fashion (Première Vision) home
decoration (Maison et Objet), automobiles,
and the environment. Event organisers
now demand personalised service that is
in line with their event’s theme or overall
context. The same holds true for outdoor
structures and stands, with an additional
demand for modular elements that can fit
into tight budgets. This is an area where
GL events excels thanks to the innovative structures and stands developed
by its Sodem System and SpacioTempo
subsidiaries.
Lyon - Fête des Lumières
The demand
for high-design venues
is growing across
all business sectors
45 Gl events
Functional
technology
The technology supplied by GL events works behind the scenes to
make sure an event runs smoothly.
Technology plays a role in all phases of
event planning and design, well before the
event takes place. For example, computer
models can generate 3-D images of different layout and installation options. IT
systems can help project managers coordinate logistics, transport, and set-up.
Lighting can be controlled by computer
programs, and increasingly sophisticated
images can now be projected onto a vari-
Heavent
ety of surfaces. Event attendees, speakers,
and exhibitors can check-in with bar-coded
badges, which allow organisers to monitor
event traffic in real time and build a visitor
database. GL events has developed applications for its website that allow customers
to place orders online, and which help the
company manage the flood of requests for
information and services.
www.gl-events.com
The competitive
landscape
Competition in France remains fragmented among the different
fields despite the professional, well-structured services available,
especially in general installations and furniture rental.
For example, in trade show, exhibitions, and
convention services, the leading competitors in
France are Créatifs, Jaulin, La Compagnie, Brelet, France Location, Utram, and Novelty. On a
global level, the biggest players are Evenser in
the UK, Roeder, Uniplan, and Losberger in Germany, De Boer in the Netherlands and the UK,
Nussli in Switzerland, Pico in Asia, and Freeman and GES in the US. However, in corporate
services, systems, and installations, the largest
companies are Locabri, Legoupil, and Sofadi
in France, IVM, Bolici in Italy, Hypocampos in
Greece, Rub in the UK, Octanorm in Germany,
Syma in Switzerland, and Foga in Sweden.
03
The Company
47 Gl events
03
The Company
49
53
57
59
63
65
69
73
Company values and social responsibility
Capital expenditure
Organisational structure and support departments
Safety and regulatory compliance
Human resources
Sustainable development
Shareholder information
03
HISTORY AND MILESTONES
The Company
03
HISTORY AND
MILESTONES
1978 – 1984
Sarl Polygone Services is created by Olivier
Ginon and three partners (Gilles GouédardComte, Jacques Danger, and Olivier Roux).
1989
Polygone, which has flourished into the
leading event installations company in
France, merges with Cré-Rossi, a trade show
furniture, accessories, and surface renter
The company’s name is changed to
Générale Location.
1990 – 1997
Générale Location enjoys eight years of
sustained growth, during which it builds
a network of specialists and implements
a strategy of offering end-to-end services
through acquisitions and skills in the following
areas: general installations; furniture rental;
premium stands; signage; fittings for retailers
and museums; and hospitality services.
Générale Location begins its international
expansion by opening a new office in Dubai.
49 Gl events
1998
Générale Location floats on the Paris Stock
Exchange Second Marché
Générale Location opens a furniture subsidiary in Hong Kong.
The company makes its first acquisition
in the venue management business by purchasing a 51% stake in SECIL, which manages
convention centres in Lyon, Saint-Etienne, and
Clermont-Ferrand.
Générale Location enters the market for
major international events with contracts for
the Football.
2000
Athletics World Championship
The company expands into audiovisual services in Hong Kong and general installations
and services in Belgium.
Générale Location develops new skills in
temporary storage solutions and modular
display equipment in France.
The company completes three major
projects: the Olympic Games in Sydney; the
European Heads of State Summit (which
coincides with the French EU Presidency); and several events related to the new
millennium.
2001
Générale Location makes two acquisitions,
a temporary structure leasing and installation company and a convention design and
organisation specialist, both in the UK.
2002
The company undergoes significant expansion and reinforces all its businesses by:
Acquiring Toulouse Expo (which manages
the Toulouse Exhibition Centre) and winning
a concession contract for the Pierre Baudis
Convention Centre in Toulouse.
Acquiring a company that provides upscale
fittings for office properties and luxury
liners.
Opening of offices in Grenoble and
Toulouse.
FIFA World Cup
Lyon - Quai des Guinguettes
The Company
©
S. Martinez – Conception organisation : SEPELCOM
03
Nuits Blanches des Bocuse d’Or
2003
The venue and event management business mushrooms when the Parc Floral in
Paris and Grande Halle convention centre
and concert hall in Auvergne are brought
into the fold.
The company carries out a capital increase
of €15.4 million to finance growth in the
events market.
Générale Location becomes GL events
2004
GL events acquires Market Place, an events
communication agency.
GL events acquires Temp-A-Store, a temporary structures provider based in the UK.
Athens Olympic Games
51 Gl events
World Summit on the Information Society
2005
2006
The company steps-up its international
expansion.
An office is opened in Shanghai.
GL events buys a majority stake in the
Padua Exhibition Centre following its
privatisation.
Hungexpo, the company that manages the Budapest Exhibition Centre, is
privatised.
GL events acquires Performance Organisation, a regional public fair organiser in
France, and are hired by Chorus to operate the Vannes Exhibition Centre.
GL events carries out a capital increase
of €35.7 million.
The company wins management contracts
for the Riocentro Convention Centre in Rio
de Janeiro and the Shanghai New International Expo Centre.
In France, GL events renews its contract
for the Lyon Convention Centre, acquires a
majority stake in Sepelcom, and acquires a
substantial stake in Sepel (which manages
Eurexpo, the Lyon Convention and Exhibition
Centre).
GL events reorganises into two business
units: Services and Venue and event
management
GL events deepens its international
footprint, especially in venue management,
and builds a large network in France.
The company also secures contracts for the
Metz Exhibition Centre and the Nice Acropolis Convention Centre.
700
600
GL events’ revenue
growth over the past
10 years (1997-2007)
500
400
300
* Estimate
200
100
113
130
147
214
235
302
340
355
434
496
600
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007*
0
03
COMPANY VALUES AND SOCIAL RESPONSIBILITY
The Company
03
COMPANY VALUES
AND SOCIAL
RESPONSIBILITY
Faithful to
the company’s
founding values
One of GL events’ primary strengths is most
certainly the way it has held onto its fundamentals – fundamentals that anchored the
company and marked its progress forward.
The original founders are still with the company and its values have not changed; they
continue to foster the GL events culture and
philosophy.
GL EVENTS VALUES
COMMITMENT – Respect our customers,
trust our partners, and be responsible for
our actions, because an event’s success
depends on it.
PASSION – Differentiate through creativity,
and dare to have dreams, wishes, and
convictions, because they spark the best
ideas.
INNOVATION – Provide increasingly innovative solutions, because there are no
limits to the imagination.
CUSTOMER FOCUS – Work in teams, be
proactive and eager, and respect people’s
differences, because this will provide
customers with a service that is attuned to
their needs.
53 Gl events
This steadfast approach has driven
GL events’ success. It has kept the company on track – headed in the right direction and backed by the loyalty of employees
and customers alike. It has also established
GL events’ reputation as a company with
ethical concerns at the core of its business
strategy, and this focus is cultivated across
all of its operations.
A commitment
to quality, health
and safety, and
the environment
GL events has adopted formalised, operational policies for quality, health and safety,
and the environment. These policies are
shaped around a continuous improvement
approach, and are implemented through
quality managers appointed within each division. Workshops are held regularly in order
to share best practices across the company
and help employees build their skills and
knowledge base.
Rugby 6 Nations Championship
03
COMPANY VALUES AND SOCIAL RESPONSIBILITY
The Company
Respect
for our men
and women,
stakeholders, and
local communities
GL events strives to uphold the culture
and local economy in all the communities
where it operates, and maintain existing
partnerships.
Le Petit Monde
and 1001 Fontaines
When GL events brings a new company
into its group, the new employees are
welcomed in a sprit of mutual collaboration and respect for each person’s expertise. Shared goals are established so as to
unite the team while boosting the responsiveness and energy of the entire group.
GL events is a sponsor of Le Petit
Monde, a French non-profit organisation created to build temporary residences near hospitals, so that parents
of hospitalised children have a place to
stay.
In addition, when GL events works with
local administrations, it aims to act in
the general interest and public service
through the following goals:
Maximise the new job creation and economic benefits of an event;
Promote the social, economic, and
cultural development of host cities or
regions; Transform event sites into economic drivers, as they showcase the
area’s economic and cultural vitality and
ability to accommodate major events;
Protect and maintain the property so
that local governments can benefit from
a long-term asset.
In 2007, Le Petit Monde opened a
complex with 42 studio apartments in
a landscaped area near the Women’s,
Mother’s, and Children’s Hospital in
east Lyon. GL events was proud to
support this initiative attaching human
values to medical advancements.
GL events also sponsors 1001 Fontaines, an association that provides
drinking water to poor, isolated communities in southeast Asia.
55 Gl events
Active sponsor
of cultural and
sports events
GL events renewed its sponsorships of
high-profile cultural and sports events
in 2006. The company once again backed
Lyon’s Biennial Dance Festival, which
proved to be a huge success and acquired
an international scope. GL event’s involvement in this prestigious event underscores
its reputation for creativity and innovation.
In the world of sports, the company sponsored the Lyon tennis open, Lyon’s rugby
team (Lyon Olympique Universitaire), and
the Equita’Lyon horse fair, whose Cadre
Noir de Saumur show and 5-star international competition were a big hit.
Art Paris
Equita’Lyon
03
CAPITAL EXPENDITURE
The Company
03
CAPITAL
EXPENDITURE
Continued capital expenditure
Capital expenditure over the past three fiscal years relative to revenue
and free cash flow
IFRS DATA (in thousand €)
2006
2005
2004
Net capital expenditure (CapEx)
25,645
20,985
25,376
Revenue
495,701
434,156
355,474
5.2 %
4.8 %
7.2%
50,117
44,283
36,385
51.2 %
47.4 %
69.7 %
1
Net CapEx as % of revenue
Free cash flow
Net CapEx as % of free cash flow
1
(1)
Net acquisitions and disposals of property, plant, and equipment (PPE) and intangible assets as recognised
in the Consolidated Cash Flow Statement.
81% of capital expenditures were in the services business (rental assets for specific
customers, equipment renovation, and longterm structure leases), and 19% in venue and
event management (fittings and installations
maintenance at managed sites).
A club deal loan was arranged in December 2006 to refinance existing debt and
give the company access to confirmed
credit lines for financing future growth
and investments.
€25 million
invested in 2006
Heavent / Escale Café
57 Gl events
Lyon Convention Centre
03
ORGANISATIONAL STRUCTURE AND SUPPORT DEPARTMENTS
The Company
03
ORGANISATIONAL
STRUCTURE
AND SUPPORT
DEPARTMENTS
GL events as
a holding company
GL events is a group holding company
which sets the overall strategy, internal
controls, and focus areas for business
development. It handles corporate acquisitions (locates opportunities, carries out
transactions, and oversees integration),
participates directly in large contract negotiations, and manages a centralised cash
pool through an agreement covering all
subsidiaries. The holding company also
houses the key accounts and international
departments.
In return for its services, subsidiaries pay
the holding company an annual fee in proportion to their revenue; the total fee for
2006 was €11.468 million.
The following table gives the holding company employee breakdown
over the past three years.
2006
2005
2004
GL events
GL events SI
GL events Support
Services
GL events
GL events SI
GL events Support
Services
GL events
Senior Executives
6
5
6
Managers
53
46
26
Staff
28
23
11
Average Headcount
87
74
43
A decentralised
management
structure
The relatively low percentage of holding
company employees (3.1% in 2006) relative
to the total number of GL events employees
reflects the group’s decentralised manage59 Gl events
ment structure. Each subsidiary is free to
manage its own resources, skills, and operations, provided they comply with the controls
and processes instituted by the group.
SIMPLIFIED
ORGANISATIONAL CHART
GL events’ skills and operations are carried out through support departments,
business divisions, and subsidiaries
organised into two business units: Services and Venue and event management.
SERVICES
GL events services
GL events audiovisual
GL data systems
BS Vision
Décorama
ISF Exposition
Owen Brown
Polygone Vert
Profil
Ranno
SpacioTempo
Vachon
Paris – Parc Floral
Lyon – Cité Centre de Congrès
Lyon – Château de Saint-Priest
Lyon – Eurexpo
Toulouse – Toulouse Expo
Toulouse – Centre de Congrès P.Baudis
Clermont-Ferrand – Polydôme
Cournon d’Auvergne – Parc des
Expositions
Cournon d’Auvergne – Zénith
Saint-Etienne – Centre de Congrès
Vannes – Le Chorus
Barcelona – CCIB Convention Centre
Budapest – Hungexpo
Padua – PadovaFiere
London – Battersea Park Events Arena
Le Castellet –Paul Ricard Circuit
Rio de Janeiro – Riocentro
Shanghai – New International Expo
Centre
Europa Organisation
Package Organisation
Esprit Public
Market Place
Performance Organisation
Kobé Organisation
Fagga Eventos
Sepelcom
Première Vision
03
ORGANISATIONAL STRUCTURE AND SUPPORT DEPARTMENTS
The Company
Selling gl events’
products and services
GL events’ sales and marketing division
(which contains almost 22% of the company’s employees) is organised into several
departments so as to better promote the
company’s end-to-end offer, and boost the
effectiveness of the sales team within each
subsidiary.
Sales force
The GL events sales force is trained
through seminars covering the products
and services offered by all subsidiaries.
This approach encourages cross-selling
and lets the company provide customers
with a comprehensive package. Nevertheless, each subsidiary retains its own sales
team specialised in the specific aspects of
that business. Business development managers work with customers and prospects
early-on in the process to pinpoint their
needs, then follow-through by coordinating with other departments (engineering,
design, etc.) to generate a full proposal
and carry out the project. GL events’
French subsidiaries, with almost 50 offices
throughout the country, serve as local hubs
for promoting the company’s entire range
of products and services. Meanwhile, its
subsidiaries in the rest of Europe, Asia,
and North America serve as gateways to
domestic markets, monitor the competitive
61 Gl events
landscape, and provide contract opportunities for large international events. They
also help spot potential acquisitions.
Cross-functional
departments
The international department is responsible for penetrating new markets and
establishing a foothold in areas where
the company does not already operate.
Its business development managers are
organised by region (northern Europe,
the Mediterranean basin, eastern Europe,
North America, and Asia). The department
supports GL events’ subsidiaries in servicing large events through its skills in project management, international logistics,
and technical execution.
The key accounts department plays a key
role in the company’s cross-functional
approach and rounds out the sales and
marketing division. It focuses on building
a customer portfolio comprised of leading
French corporations, multinationals with
operations in France, large public administrations, and organisers of international
sports events. Key account managers
promote GL events’ complete range of
products and services for event and venue
management, and help with sales efforts.
Packaged offers
incorporating venues
and customer service
Marketing
department
The marketing department fuels sales
growth by promoting GL events’ end-to-end
offer and assisting subsidiaries with their
specific needs. It supports new product and
service launches with preliminary market
and competitive research and analysis. It
helps develop solutions targeted to specific
customer needs and drawing from many
GL events’ businesses. Finally, the marketing department assists with preparing bids
in response to calls for tenders for large
event or venue management contracts. All
the company’s marketing applications are
available on the GL events intranet, so that
the sales team can always access to the
most recent marketing materials.
Communications
department
The communications department supports all GL events’ divisions and subsidiaries. It outlines the elements that define
the GL events brand, manages the brand
image, and helps stimulate sales by developing marketing literature and promotional
materials (e.g., brochures and catalogues).
On a corporate level, the communications
department helps integrate newly-acquired
companies, enhances cohesion by conveying
information, and distributes financial data on
a regular basis so as to update employees on
the company’s strategy and investments.
Pollutec
03
SAFETY AND REGULATORY COMPLIANCE
The Company
03
SAFETY AND
REGULATORY
COMPLIANCE
GL events supplies complicated equipment and installations that are in full compliance with the regulations applicable to
each business. As a result, the company
only uses materials that have been officially authorised and ensures that they
are set up and used according to existing
standards.
Resolute
compliance
with the standards
applicable
in each country
In addition, event organisers in France
using GL events’ materials are required to
follow regulations governing installations in
public areas. This means they must obtain
approval from the appropriate regional or
municipal safety authorities before the
event begins. These authorities verify that
the entire site (buildings, fittings, temporary equipment, etc.) meets the applicable
safety standards.
Fairs and trade shows in France are subject to a series of legislation (the ordinance
of 11 September 1945, the ordinance of 10
October 1969 as amended on 21 April 2000,
and the decree issued by the Ministry of
the Economy, Finance, and Industry on 10
January 2001) which sets forth the procedure for event organisers to obtain authorisation from regional authorities.
The Ministry of Commerce and the Fair and
Trade Show Committee are responsible for
approving requests for commercial events
based on their economic benefits, either
nationally or internationally.
63 Gl events
In other countries, GL events uses independent certification agencies to verify
that its equipment, installations, and
products meet local standards; if not, the
company makes any modifications necessary. In addition, GL events’ engineering
department incorporates manufacturing
standards into the design of the machined
aluminium components and structures
it produces. GL events has applied for or
already obtained certifications in the primary European countries, as a first step in
its international expansion strategy.
Because GL events manages areas used
by the public (under public service delegation contracts), it must ensure that
event organisers using these areas follow regulations governing public areas.
The company does this through the use of
independent experts who check all installations and fittings.
GL events as an event organiser is required
to follow regulations governing installations in public areas. This means they
must obtain approval from the appropriate
regional or municipal safety authorities
before the event begins. These authorities verify that the entire site (buildings,
fittings, temporary equipment, etc.) meets
the applicable safety standards.
MACIF Congress
03
HUMAN RESOURCES
The Company
03
HUMAN
RESOURCES
Autonomy
and a sense
of responsibility
are two key values
in GL events’
human resources
65 Gl events
A special function
The human resources department
at GL events works to meet several
challenges:
The company’s wide range of businesses, markets, and locations;
The need to have a sizable number
of employees at event sites on a daily
basis, wherever and whenever events
are being held;
Instilling employees with the two
essential values – autonomy and a sense
of responsibility – that will back the
company’s future growth.
GL EVENTS EMPLOYEES
GL events had an average of 2,742 employees in 2006, excluding hostesses and seasonal workers. These men and women give
GL events its rich diversity and apply their
knowledge in a variety of disciplines:
ma-nagement, logistics, design, drafting, creativity, woodworking, upholstery,
decoration, mounting, electronics, sound,
lighting, etc. Their specialised skills are
coupled with professional experience in
event organisation and venue management, which creates a web of expertise,
supported by teamwork and shared company values, namely commitment, passion, innovation, and customer focus.
EMPLOYEE RELATIONS
Given the broad scope of GL events’ businesses and skills, as well as the sizable
number of events the company manages,
it uses a project-oriented management
approach. Project managers form multidisciplinary teams to work on events and
address cross-functional issues, such as
streamlining management applications
and internal procedures.
Indeed, the company’s growth can be
attributed to its success in incorporating
new businesses, employees, and therefore
talent. Great efforts are made to respect
the culture of each company after it is
acquired, and exploit its synergies with
the overall group. Every GL events division has employee representatives, and
regular meetings are held with labour
union representatives in subsidiaries with
labour union members (these meetings
include the mandatory annual negotiations in France).
Over 1,000 employees received training in
2006, through around 4,000 days of training in 350 sessions and workshops.
GL events maintains close ties with vocational training establishments and participates in work placement programmes.
The company hires interns and gives them
meaningful projects with a fair degree of
independence, so that they receive relevant professional experience and get the
most out of their work placement programme. GL events hired 200 interns in
2006.
TRAINING
Training plays a key role in improving
GL events’ efficiency, employee performance, management, and overall working
environment.
The human resources department holds
training sessions designed to maintain
and develop individuals’ skills, and organises annual cross-functional workshops
for sales and engineering staff.
These workshops discuss the company’s
new products, services, and markets
so that employees have the knowledge
to contribute to GL events’ growth strategy. They also serve to bring employees
together and bolster team spirit and cultural identity.
03
HUMAN RESOURCES
The Company
TRADE ASSOCIATIONS
GL events is an active supporter of trade
associations, and serves on the labour committee of the French Federation of Fairs,
Trade Shows, and Conventions. The company is also an active member of the French
Exhibition Industry Association. The French
apprentice tax is allocated to three types of
establishments, pursuant to a company-wide
policy: those specialised in GL events businesses; those where the company recruits;
and those which educate the handicapped.
In addition, GL events’ support department managers are members of the trade
associations corresponding to their fields
(e.g., AFTE, DFCG, AFDC, and Lyon Place
Financière & Tertiaire).
CORPORATE
COMMUNICATIONS
GL events places a special emphasis on
corporate communications, whether with
employees, shareholders, or newly-acquired
companies. An array of materials (a new
employee handbook, company newsletters,
company intranet, etc.) and coordinated gettogethers (training sessions, seminars, etc.)
welcome new employees into the company
and encourage information sharing among
different divisions and departments. Technology such as videoconferencing equipment, multimedia libraries, and document
databases are also available to facilitate
communication.
67 Gl events
Salon du Timbre et de l’Ecrit
03
SUSTAINABLE DEVELOPMENT
The Company
03
SUSTAINABLE
DEVELOPMENT
GL events operates according
to the new codes of conduct
for global businesses, and has
been dedicated to promoting
sustainable development
principles since its creation.
The company’s progress is based
on pooling employee know-how,
obtaining employee commitment
to GL events’ projects, and
honouring customers’ trust.
Quality
The company has adopted a formalised,
operational quality control process that
is centred around customers’ needs.
Several quality control managers have
been appointed within the main service
businesses, and they are responsible for
implementing continuous improvement
programmes within their operations.
Such programmes draw from employees’ field experience and are designed
to capitalise on the company’s best practices. The primary focus areas relate to
assessing customer needs based on a
detailed, exhaustive specification sheet,
coordinating projects so that they run
smoothly, managing subcontractors and
services effectively, developing procedures
to streamline shipping methods, improving product quality (furniture, tarps,
etc.), enhancing customer satisfaction
and telephone answering services, cutting
unnecessary spending, and so on. Quality
control processes were instituted in 2006,
and have improved the company’s project
management considerably.
MACIF Congress
69 Gl events
Salon Marjolaine
Safety
and accident
prevention
GL events formed an Employee Safety and
Accident Prevention working group, which
drafted a specific risk prevention guide
for each subsidiary and set up applications for tracking budgets and generating
health and safety plans and accident prevention plans. Signs are clearly displayed
at all sites to protect employees and visitors, and a targeted newsletter has been
sent to all employees stressing every individual’s role in the overall effort. Fire safety training was introduced in 2006 for all
employees in France. Safety and accident
prevention initiatives are spearheaded by
24 correspondents working across all divisions through regular meetings, action on
priority issues, and a special site on the
company’s intranet.
03
SUSTAINABLE DEVELOPMENT
The Company
Pollutec
The environment
Artisans Passion Exhibition
Within the events industry, a sharp imagination coupled with clean technology can go a
long way towards developing environmentally-friendly solutions. One example is the
composite canvas recycling process developed by GL events in association with Ferrari, a GL events partner and specialist in PVC
canvases. In this original process, canvases
that are no longer usable are transformed
into new materials.
Other examples are the use of non-polluting
detergents for machined aluminium components and canvas cleaning machines, and the
sale of the fully-recyclable carpet developed
by Sommer that can be reprocessed into
flowerpots, child seats, and car accessories.
Sommer’s carpet was tested during the 2005
HAVE YOU SEEN
OUR NEW ECO-STAND?
Following the Eco-communication report
published by the French Environment and
Energy Management Agency as well as
GL events’ own research, the company has
developed Eco-stands for customers to use
during their events.
71 Gl events
Pollutec trade show, and is recommended by
GL events’ sales representatives whenever it
meets all of a customer’s criteria.
Almost all of GL events’ sites have set up
recycling bins for sorting different types of
waste – aluminium, wood, sawdust, steel,
non-hazardous industrial waste, etc. – and its
purchasing department has signed framework agreements with garbage collectors. In
2006, the services business instituted waste
sorting and recycling at all its major sites.
GL events did not recognise any provisions
for environmental risks during the fiscal year.
Moreover, the company was not required to
pay any legal fines related to environmental
non-compliance, nor is aware of any claims
filed against it for environmental damages.
Built from materials that are either
energy-saving (light bulbs, heating, etc.) or
designed to protect the environment (signage, furniture, floor coverings, partitions,
etc.);
These environmentally-friendly stands
are:
One part of an overall event planned in
a way that minimises its ecological impact,
with waste recycling, environmentallyfriendly promotional materials, reduced
packaging, etc.
Made from long-lasting, reusable parts,
because they rely on rented equipment
rather than disposable pieces;
In all these areas, GL events helps its
customers find solutions that take steps
towards preserving the environment.
Direction Eclairage Public Ville de Lyon
©
Inventive solutions
to meet demanding
environmental
standards
Lyon - Fête des Lumières
03
SHAREHOLDER INFORMATION
The Company
03
SHAREHOLDER
INFORMATION
Rio Oil & Gas – Riocentro
Share information
Listed on Eurolist Compartment B
Included in the CAC Small 90
ISIN code FROO00066672
Bloomberg code GLOFP
Reuters code GLTN.PA
FTSE classification 581
GL events has maintained strong investor relations and transparent communications ever since it listed on the Paris stock
exchange.
The following information can be found on
the company’s website, www.gl-events.com,
under “Financial Information”:
Current and archived press releases,
The financial communications schedule,
A shareholders’ guide,
Downloadable annual reports and financial publications,
Key figures.
73 Gl events
Shareholder documentation is available
from the investor relations department, and
investors may also register to receive press
releases by e-mail, fax, or the post, as soon
as they are issued.
Investor relations e-mail address:
[email protected]
Because GL events is part of the
Euronext NextPrime segment created
in January 2002, it must comply with
additional financial disclosure requirements (beyond those required by law)
and liquidity requirements (continuous
listing).
Share price
GL events’ daily share price from March 2006 to March 2007
*%
)%
(%
'%
BVgX]%+
6eg^a%+
BVn%+
?jcZ%+
?jan%+
6j\#%+
HZe#%+
DXi%+
#
Cdk#%+
9ZX#%+
?Vcj#%,
;ZW#%,
BVgX]%,
Gl events shareholders
5.1%
37.2%
Polygone SA and Board Members
Public shareholders
57.7%
Banque de Vizille
Heavent
03
The Company
Dividends
The following table shows the dividends paid to shareholders over the past five fiscal
years, along with the dividend to be proposed at the next Annual General Meeting.
FISCAL YEAR
ENDED
Net dividend
per share (in €)
Tax credit
per share (in €)
Gross dividend
per share (in €)
31 December 2002
0.32
0.16
0.48
31 December 2003
0.37
0.19
0.56
31 December 2004
0.41
-
0.41
31 December 2005
0.52
-
0.52
31 December 2006 (proposed)
0.70
-
0.70
75 Gl events
GL EVENTS
SHARE TRADING
GL events is listed on Eurolist by Euronext
Paris, Compartment B, and is included in the
CAC Small 90 index.
The following table lists the GL events
share price over the past 15 months.
Heavent
Month
Avg. closing price for
the month (in e)
Trading volume
(in thousand shares)
Trading volume
(in thousand €)
Monthly high
(in e)
Monthly low
(in e)
2006
January
30.03
454
13,663
31.28
27.48
February
30.87
233
7,156
32.18
29.50
March
32.41
398
13,279
36.72
28.90
April
35.31
173
6,248
39.00
34.37
May
35.27
231
8,062
37.81
32.16
June
33.31
302
9,860
36.08
29.00
July
33.74
127
4,291
35.93
31.50
August
34.50
89
3,066
35.80
33.30
September
35.52
84
2,961
36.47
34.00
October
34.00
100
3,378
35.15
32.80
November
35.02
144
5,010
35.78
33.54
December
35.05
134
4,639
37.00
33.56
2006 Total
33.73
2,467
81,613
39.00
27.48
2007
January
40.31
276
11,173
43.20
36.15
February
43.58
160
6,979
45.74
40.00
March
44.72
215
9,569
46.99
40.05
03
The Company
2007 FINANCIAL COMMUNICATIONS SCHEDULE
7 February 2007
Press release
•
Q4 2006 revenue
13 March 2007
Lyon Palais de la Bourse (18:00)
SFAF members, fund
managers, and journalists
FY 2006 results and analyst presentation
14 March 2007
Press release
•
FY 2006 results
14 March 2007
Paris Palais Brongniart (10:00)
SFAF members, fund
FY 2006 results and analyst presentation
25 April 2007
Press release
•
Q1 2007 revenue
14 May 2007
Lyon Convention Centre (16:00)
Shareholders
Annual General Meeting
25 July 2007
Press release
•
Q2 2007 revenue
12 September 2007
Paris Palais Brongniart (10:00)
SFAF members, fund
H1 2007 results and analyst presentation
12 September 2007
Press release
•
H1 2007 results
24 October 2007
Press release
•
Q3 2007 revenue
Artisans Passion Exhibition
QUARTERLY EARNINGS
RELEASES
GL events’ earnings are dependent on trade
shows, exhibitions, and special events (political, cultural, or economic) that may not occur
on the same date every year. As a result, one
fiscal quarter is not a long enough timeframe
to provide meaningful, consistent trend
information, particularly in terms of operating profit. However, year-over-year revenue
comparisons do reflect actual changes in the
volume of the company’s business.
77 Gl events
Therefore, in the interest of providing meaningful financial information, GL events does not
issue earnings releases for the first and third
quarters because they would not pre-sent
accurate business trends. Fluctuations in
annual calendars and invoicing may concentrate revenue and profits in any one period,
without the same seasonal pattern being
repeated in the following year.
PRESS
RELEASES
GL events’ press releases are posted on
the company’s website, www.gl-events.com
under “Financial Information”, at 18:00 on
the evening before they are released to journalists. They are also sent by e-mail, fax, or
the post to people who have requested (faxes
are sent the same evening, while documents
sent through the post are subject to mail
delivery schedules).
ANNUAL REPORTS
GL events’ annual reports may be downloaded from the company’s website or
obtained from the investor relations
department. Previous press releases and
annual reports (dating back to the company’s floatation) are also available on the
company’s website.
FINANCIAL ANALYSTS
GL events Seminar
ENGLISH TRANSLATIONS
OF FRENCH DOCUMENTS
English translations of GL events’ financial publications are available on its
website or upon request to the investor
relations department.
¬ Berenberg Bank
¬ CA CHEUVREUX
¬ CM CIC SECURITIES
¬ FIDEURAM WARGNY
¬ FORTIS
¬ GILBERT DUPONT
¬ HSBC
¬ IXIS MIDCAPS
¬ ODDO MIDCAP
¬ PORTZAMPARC
¬ SOCIETE GENERALE
INVESTOR RELATIONS
Erick Rostagnat
Managing Director, Corporate
Financial Administration
Tel.: +33 (0)4 72 31 54 20
Fax: +33 (0)4 72 31 54 95
Website: www.gl-events.com
(see “Financial Information”)
E-mail address:
[email protected]
Equita’Lyon
Editing: GL events Communications Department
Design and publication: Esprit Public
Printing: Lamazière Imprimeur
Cover: Première Vision
Photo credits: N. Robin, A. Fleurantin, L’Atelier
Renault – O. Martin Gambier, N. Huffschmitt,
E. Rull / Collectif ITEM, R. Etienne / Collectif ITEM,
P. Cottin, C. Cincet / Nolita Photos, S. Martinez
This document can be downloaded from
www.gl-events.com

Company report 2006

Transcription

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