GL events: revenue grows 11% in q1 2025
GLO.PA
PRESS RELEASE
LYON, 16 AVRIL 2025 - 18H00
#GLEVENTS - WELCOME TO THE WORLD OF EVENTS
GL EVENTS: REVENUE GROWS
11% IN Q1 2025
GL EVENTS (FR0000066672, GLO), THE INTEGRATED EVENT INDUSTRY GROUP, ANNOUNCES ITS 2025 FIRST QUARTER REVENUE.
Reported
Revenue by division (€m)
basis
Q1 2022
Q1 2023
Q1 2024
Q1 2025
Change
25/24
LIVE
125.2
150.4
192.4
195.5
1.6%
EXHIBITIONS
40.4
112.7
99.8
123.3
23.5%
VENUES
54.7
88.0
94.2
111.2
18.1%
CONSOLIDATED TOTAL
220.3
351.1
386.5
430.0
11.3%
Olivier Ginon, Chairman-CEO of GL events Group, commented:
"GL events has gotten off to an excellent start in 2025, bolstered by strong fundamentals, particularly in Brazil and France, and by the remarkable commitment of its teams around the world. This double- digit growth confirms our strategic market position as an organiser of major world events and a promoter of sustainable management and operating models for major event venues contributing to the socio-economic development of destinations.
Our recent success in winning major contracts (for several hundred million euros for mega events spread over 2025 and 2026) illustrates our capacity for maintaining a trajectory of steady growth. It also reflects our goal of building more sustainable events for every type of public. We have every confidence in our ability to meet our targets for 2025. At the same time, in an international environment marked by a trade war whose effects are still difficult to assess, we are adopting a cautious approach. True to our vision and ambitions, we will continue to seize the best opportunities for creating value for all our stakeholders and shareholders."
Maintaining the positive momentum of the prior year and benefiting from positive biennial effects, GL events reported Q1 2025 revenue of €430.0m, up 11.3% (+11.2% LFL2) from last year's same period.
1 Definition provided at the end of the press release.
PRESS RELEASE
LYON, 16 AVRIL 2025 - 18H00
#GLEVENTS - WELCOME TO THE WORLD OF EVENTS
REVENUE BY DIVISION
GL EVENTS LIVE reported growth of 1.6% to €195.5m, up from €192.4m in Q1 2024. The division grew 1.3% LFL1. GL events Live has been actively contributing to iconic events such as the Saut Hermès international jumping show, France's International Agricultural Fair (SIA), Maison & Objet, the MIPIM, the Christian Dior Homme & Haute Couture as well as Louis Vuitton and Yves Saint- Laurent fashion shows fueling the strong performance of Q1 2025. In the international arena, GL events strengthened its presence in the Middle East by providing services for disassembling assets and restoring the COP 16 site in Riyadh. Finally, the structures business continued to grow, with the first contractual milestones for the United Nations Ocean Conference in Nice and the provision of services for the Cheltenham horse races.
GL EVENTS EXHIBITIONS had revenue of €123.3m in Q1 2025, with 23.5% growth on a reported basis and 23% LFL1. This strong growth was underpinned by several major events which, in conjunction with a positive biennial effect, confirm the sector's post-COVID rebound. Sirha and Global Industrie in Lyon both posted double-digit growth in activity. Other highlights of the quarter included Be Positive Lyon, Première Vision Paris, Tranoï Paris Women and CFIA. In China, our exhibitions devoted to the construction and fittings sector have not yet benefited from our strategy of expanding the product range. In contrast, the CACLP exhibition maintained a high level of activity, retaining its position as the world's leading exhibition for the in vitro diagnostic industry.
GL EVENTS VENUES reported excellent momentum in Q1 2025, with revenue on a reported basis up 18.1% (+19.0 LFL1) to €111.2m. Revenue growth in France was based on activity in Lyon (SIRHA, Global Industrie, Salon du 2 roues, CTCO and the Salon du Randonneur), Saint Etienne, Clermont- Ferrand (Geek convention) and Metz (WorldSkills Grand Est). In international markets growth was driven by sites in The Hague (Aveva Ignite EMEA), Johannesburg (G20 Preparatory Meeting), Santiago de Chile, Rio de Janeiro (Super Rio Expo Food), Santos and Sao Paulo (Expo Revestir, Plastico Brazil).
GUIDANCE FOR ANNUAL REVENUE GROWTH ABOVE 5%
Despite an increasingly uncertain geopolitical environment, and following the strong growth of 2024, the Group is now aiming for significant growth in revenue of over 5%, an improved operating margin and CapEx of €80m (down from the levels of 2024 and 2023). On a like-for-like basis, the Group is expecting a reduction in its net debt.
POST-IAS 29 PRESENTATION
2 Definition provided at the end of the press release.
PRESS RELEASE
LYON, 16 AVRIL 2025 - 18H00
#GLEVENTS - WELCOME TO THE WORLD OF EVENTS
Reported
Revenue by division (€m)
basis
Q1 2022
Q1 2023
Q1 2024
Q1 2025
Change
25/24
LIVE
125.2
150.2
192.2
195.2
1.5%
EXHIBITIONS
40.4
112.7
99.8
123.3
23.5%
VENUES
54.7
88.0
94.2
111.2
18.0%
CONSOLIDATED TOTAL
220.3
350.9
386.3
429.7
11.2%
UPCOMING EVENTS
ABOUT GL EVENTS:
www.gl-events.com
About GL events: The Group is a world-class provider of integrated solutions and services for events operating
across the three main market segments: conventions, conferences, congresses; cultural, sports and political events; trade shows / B2B and B2C exhibitions and consumer fairs. GL events' activities are organised into three major business divisions. GL events Live provides a complete range of services for corporate,
institutional and sports events, and offers turnkey solutions from consulting and design to staging the event itself. GL events Exhibitions manages and coordinates the Group's portfolio of more than 200 proprietary trade fairs covering a wide range of sectors: food industry, culture, textiles/fashion, manufacturing… GL events Venues manages a network of 60 venues (convention and exhibition centres, concert halls and multi-purpose facilities) in France and international destinations.
Present on five continents with operations in more than 20 countries, GL events has 5,950 employees. GL events is listed on Euronext Paris, Compartment B (mid-caps).
INVESTOR RELATIONS
MEDIA RELATIONS
GL events
FTI Consulting
Sylvain BECHET
Julien Durovray
Tel.: +33 (0)4 72 31 54 20
Tel.: +33 (0)6 25 04 57 73
ISIN FR0000066672 - BLOOMBERG GLO FP - REFINITIV GLTN.PA - FTSE 581
LEI 9695002PXZMQNBPY2P44
PRESS RELEASE
LYON, 16 AVRIL 2025 - 18H00
#GLEVENTS - WELCOME TO THE WORLD OF EVENTS
DEFINITIONS
Constant exchange rates: average exchange rate of N applied to the previous period (N-1)
Organic growth: growth in revenue excluding changes in the scope of consolidation
Constant structure
acquired company
LFL: like-for-like defined as at constant structure and exchange rates (see the definitions above for "constant structure" and "constant exchange rates")
IAS 29: Financial Reporting in Hyperinflationary Economies For the Group, Turkey is included in the list of countries covered by this standard. In consequence, the accounts of the Group's Turkish companies are henceforth translated at the closing rate and no longer at the average rate for the period.
Disclaimer
GL Events SA published this content on April 16, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 16, 2025 at 15:58 UTC.