on GL EVENTS (EPA:GLO)
GL Events Reports 18% Revenue Growth in Q3 2024
GL Events, a global player in the event industry, has announced an 18% increase in its third-quarter revenue for 2024, amounting to €384 million. This growth is largely driven by strong performances in France, the UK, and Latin America. The company has raised its annual revenue growth guidance to over 10% for the year.
GL Events Live saw a 24% increase in revenue, partly due to successful contributions to the Paris 2024 Olympic and Paralympic Games, which generated €100.1m in revenue. Other major events contributing to this growth included the Cannes Yacht Festival and Paris Fashion Week.
The Venues division also showed strong growth, thanks to increased activity in locations like Lyon and Paris during the Olympic Games. However, the Exhibitions division suffered a 31% decline in Q3 revenue, mainly due to biennial effects and economic factors affecting textile and construction sector exhibitions.
R. P.
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