GL Events revenue increases to €340.2m in Q1 2019

News World
GL Events revenue increases to €340.2m in Q1 2019

Global organiser GL Events has announced its revenue for the first quarter of 2019 grew 19%, to €340.2m.

This included 8% from organic growth and 12% from acquisitions, with the adverse impact of foreign exchange on sales 1%.

Olivier Ginon, GL events Group’s Chairman, commented: “I wish to thank our teams for the strength of their engagement which contributed to the good business momentum at the start of this year.

“The Exhibitions division delivered a number of successes in the first quarter while benefiting from the integration of the businesses most recent acquisitions in China. GL events will remain focused on achieving its objectives for development.

“In the high potential market of China where the Group’s three businesses are now present, we will continue to roll out our integrated business model for providing solutions and services for events.”

GL Events Live had sales of €124.2 million in the first quarter, contracting marginally by 0.9%. The Live division’s teams notably delivered services for SIHH in Geneva, conventions for L’Oréal and Dassault, and the 2019 Special Olympics World Games in Abu Dhabi. This division also benefited from the integration of the company ZZX.

The three major exhibitions of GL Events Exhibitions (Sirha, Première Vision and Global Industrie) registered significant overall gains, driving strong growth of 21.8% at constant structure and exchange rates.

GL Events Venues had revenue of €83.7 million, up 1.7%. This division benefited from the addition of new sites at the end of 2018 and early 2019 (Reims, Caen, Saint Etienne and Johannesburg).

Stuart Wood is a news reporter across the Mash Media editorial portfolio. He writes for CMW alongside sister publications Conference News, Exhibition News, Access All Areas and Exhibition World.