GL events posts 15% growth in revenues in 2024

Lyon, 23rd January: GL events released its preliminary results for the year ended 31st December 2024, with revenue growth of 15%, amounting at €1.64 billion (US$1.7 billion).

In terms of business sectors, more than 62% of revenues were generated from GL events Live, at €1.02 billion (US$1.1 billion), up 24% year-on-year. The company attributed the increase to the volume and the quality of the services provided for the Paris 2024 Olympic and Paralympic Games.

The second largest sector was GL events Venues, generating revenues of €443 million (US$461 million), representing year-on-year growth of 13%, driven by strong contributions from France and Brazil.

The remaining revenues, €168 million (US$175 million), were generated by GL events Exhibitions, decreasing 20% from the previous year due to a less favourable biennial effect and economic difficulties in the fashion and construction sectors.

Olivier Ginon, Chairman-CEO of GL events Group, commented, “GL events’ positive momentum remained on track throughout 2024, as we once again exceeded all expectations with a new record of €1.635 billion in annual revenue and strong growth of 15%. By leveraging the combined strengths of our Live, Venues and Exhibitions divisions, our strong local roots and our international reach, we successfully met the year's major challenges while at the same time preparing for the future. We can take pride in this remarkable performance which reflects the strength of our market positions and the relevance of our strategy.”