22.09.2015 - A strong pipeline of orders for the next three years

The board of directors of GL events, the integrated event industry group, adopted the interim consolidated financial statements for the first six months of 2015. The financial statements for the half-year period ended June 30 2015 highlighted business growth over the previous year, coming after a strong year in 2014, bolstered by the Football World Cup (€74 million in sales revenues). Overall revenue for the first half of 2015 was €466.9 million, compared with €464.7 million in 2014. The eurozone accounted for 82% of half-year revenue, including 55% from France. As previously announced, this commercial strength was accompanied by a growth in operating profit of 2.5% compared with the first half of 2014. This profitability was driven by the success of the biennial Lyon edition of Sirha and its impact on the Exhibitions and Venues business units, as well as contributions from other “strong” Group events. As a result, the Group’s operating margin for the first half rose to 8.2%, up respectively from the same periods in 2014 (8%) and 2013 (7.6%). After a net financial expense of €6.4 million and a 33.8% tax rate, net income reached €20.6 million. The exhibitions revenue was €100.1 million (€78.5 million in 2014). With revenue trends positive overall and a margin of 16% in the first half (also up on H1 2013), this business unit benefited from good performances from this year’s Première Vision and Industrie Lyon events. (ank)

Quelle: Sep 9, 2015 [m+a UFI Newsletter]