GL events reports increase in revenues and profit

Lyon, 4th September: Last week, GL events released its financial results for the six months ended 30th June 2024. The group reported revenues of €821 million (US$879 million), representing year-on-year growth of 19%. Net profit in the six-month period grew 11%, reaching €45 million (US$48 million).

In terms of business sectors, GL events Live generated revenues of €496 million (US$531 million), up 35% year-on-year. Meanwhile, GL events Venues, recorded revenues of €211 million (US$226 million), year-on-year growth of 18%.

GL events Exhibitions, however, recorded a 21% decrease in revenues, down to €113 million (US$121 million). The company attributed the decrease in revenues of GL events Exhibitions to a particularly strong post-COVID performance in the first half of 2023 and biennial effect (also in the first half of 2023).