France, 15th January: GL events, an integrated event industry group, reported its consolidated annual revenues for 2018. For the first time, the Group posted revenues in excess of €1 billion. The company recorded revenues of €1.04 billion (US$1.19 billion) in 2018, representing a 9% year-on-year increase. An adverse exchange rate effect of €34 million (US$39 million) was offset by contributions from new acquisitions. Notably, international markets accounted for 50% of the total.
54% of GL events’ revenues were generated from the GL events Live, amounting to €564 million (US$644 million). The division posted a year-on-year increase of 19%. It second largest division, GL events Venues, posted revenues of €321 million (US$367 million) – or 31% of total revenues. GL events Venues recorded an increase of 4.8% year-on-year. The remaining revenues were attributed to GL events Exhibitions which recorded revenues of €156 million (US$178 million). Although the company was in the weaker part of its biennial cycle, the absence of some biennial revenues was largely offset by the first edition of Global Industrie held in Paris in March 2018.