Earnings release
Page 1
GL events PRESS RELEASE / LYON , 20 APRIL 2021 2021 FIRST - QUARTER SALES : 96.3 MILLION , A STRONG BUSINESS REBOUND IN ASIA MONTEFIORE INVESTMENT BECOMES A GL EVENTS SPORTS SHAREHOLDER GL EVENTS ( ISIN : FR0000066672 - TICKER : GLO ) , THE INTEGRATED EVENT INDUSTRY GROUP , ANNOUNCES ITS CONSOLIDATED REVENUE FOR THE 2021 FIRST QUARTER . Olivier Ginon , GL events ' Chairman commented : " As expected , first - quarter revenue was impacted by the health crisis , lockdown measures and government - ordered closures in Europe and South America . In China , Nexus Point acquired a shareholding in GL events China , following the completion of the administrative formalities and the finalisation of the first tranche of its capital increase ( € 77 million - Nexus ' share ) . In this region , the recovery is now on track and sustained . Events recently held offer encouraging signs for 2021 by exceeding the performances of 2019. In France , Montefiore Investment's equity position in GL events Sports will allow us to accelerate the development of the Matmut Stadium site . This transaction demonstrates the value of the Group's assets and the prospects for a post - health crisis rebound . Finally , I would like to thank all Group employees who , after a year of effort , continue to invest their time and energy with the same enthusiasm and professionalism . " MONTEFIORE INVESTMENT BECOMES A GL EVENTS SPORTS SHAREHOLDER To accelerate the development of the Matmut Stadium site ( sports and events ) , the Group decided to open up GL events Sports ' capital to Montefiore Investment , manager of the “ Nov Tourisme Actions – Relance Durable France ” fund . On this basis , it will proceed with a reserved € 10 million capital increase based on a pre - money valuation of GL events Sport's assets ( LOU SASP , Brasserie du LOU , GL events Equestrian ) of € 50 million . An additional capital increase for a similar amount ( € 10 million ) will also be reserved for the company's historical shareholders . After Nexus Point in China for which the first tranche of the capital increase has been finalised ( € 77 million Nexus ' share ) , this transaction confirms the value of the Group's assets and demonstrates the prospects for a post - health crisis rebound . - 2021 FIRST QUARTER REVENUE : Q1 REVENUE ( € M ) 2021 REPORTED 2020 REPORTED 2019 REPORTED CHANGE CHANGE 21/20 21/19 LIVE 68.4 113.4 124.2 -39.7 % -45.0 % EXHIBITIONS 17.5 42.8 132.3 -59.1 % -86.8 % VENUES 10.4 57.1 83.7 -81.8 % -87.6 % CONSOLIDATE 96.3 213.3 340.2 -54.9 % -71.7 % D TOTAL Group revenue in the 2021 first quarter declined 54.9 % to € 96.3 million . This included a negative currency effect of 2.6 % . GL EVENTS / Q1 2021 REVENUE / PAGE 1/4