AI assistant
GL events — Earnings Release 2016
Nov 7, 2016
1368_iss_2016-11-07_13df2d39-275a-410e-99b5-01165e2703cf.pdf
Earnings Release
Open in viewerOpens in your device viewer
Revenue at 30 September 2016: €697.5 million (+3.8%)
| Consolidated revenue (€m) |
2015 | 2016 | Change 16/15 |
|---|---|---|---|
| Q1 | 250.2 | 236.1 | -5.6% |
| Q2 | 216.7 | 253.8 | +17.1% |
| Q3 | 204.9 | 207.6 | +1.3% |
| Total nine months | 671.8 | 697.5 | +3.8% |
Continuing growth and a positive outlook
*LFL = Like-for-like defined as at constant structure and exchange rates
In the 2016 third-quarter, GL events had €207.6 million in consolidated revenue, up 1.3% (- 0.5% LFL*) from last year's same period. This business performance brought consolidated revenue at 30 September 2016 to €697.5 million up 3.8% (3.4% LFL*), in line with the Group's annual guidance for growth.
Continuing growth for GL events Venues, a significant presence for GL events Live on the international scene
| 9-month revenue (€m) |
2015 | 2016 | Change 16/15 |
|---|---|---|---|
| Live | 334.8 | 372.2 | +11.1% |
| Exhibitions | 139.8 | 113.2 | -19.0% |
| Venues | 197.2 | 212.1 | +7.6% |
| Consolidated total | 671.8 | 697.5 | +3.8% |
GL events Live had sales revenue of nearly €114 million in the third quarter, up from the same period in 2015 (€113.2 million). At 30 September 2016, revenue came to €372.2 million, highlighting strong growth from the prior year, driven by the combined effect of the 2016 Euro football championship and the Rio Olympic Games (+7.8% LFL).
GL events Exhibitions had €113.2 million in revenue at 30 September 2016, down in relation to 2015, though up 1.5% from 2014 (€111.5 million) a benchmark year excluding Sirha Lyon. Noteworthy developments in the third quarter included the organisation of Estetika in Rio de Janeiro and Blossom Première Vision at the Palais Brongniart in Paris.
GL events Venues showed continuing gains with strong growth of 13.6% in the third quarter, bolstered by building momentum from the Brazilian venues. With €212.1 million in revenue at 30 September 2016, growth for the first nine months was up 7.6% (+11.3% LFL).
In terms of the geographic sales mix at 30 September 2016, international markets accounted for 49% of total Group revenue compared to 51% for France.
The 2016 fourth quarter line-up includes a substantial number of European and international events and in particular COP 22 in Marrakech from 7 to 18 November, (overlay services covering 66.7 acres of the site, 120,000 m2 of temporary structures fully equipped for the different conferences and commissions, pavilion installations for the countries and NGOs), the Doha road world cycling championships, (15,000 m2of hospitality facilities, organisation of the opening ceremony, Fan zone), the organisation, staging and production of the Première Vision Istanbul fabric show, Equita-Lyon (130,000m2 of exhibition space, demonstrations, performances, grandstand seating for 7,000, 157,000 visitors in 2015) Piscine and Eurobois (80,000 m2 in exhibition space at Lyon-Eurexpo) and the Auto Show in Sao Paulo. GL events expects on that basis growth in revenue for the 2016 full-year.
Upcoming events: 2016 annual revenue: 17 January 2017 (after the close of trading)
***
Investor Relations Media Relations Erick Rostagnat Tel.: +33 (0)4 72 31 54 20 [email protected]
Stéphanie Stahr Tel.: +33 (0)1 53 48 80 57 [email protected]
I S IN F R 0 0 0 0 0 6 6 6 7 2 - B loomberg G LO F P - Re u ter s G LTN . PA - FT SE 5 8 1