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GL events’ annual revenue drops 59%, as Group acknowledges ‘severe impact’ of health crisis Global events solutions and services provider GL events has reported annual revenue of €479.4m, down 59.1% year-on-year. The Q4 result was even starker figure, denoting a 65.3% y-o-y drop in revenues to €112m. The Q4 figure, however, was up in relation to the third quarter of 2020. The Group was keen to sound upbeat about its potential for rebounding and hailed its winning bid for the 30-year management concession of the Olivier Ginon, Chairman-CEO of GL events, commented on the financial results: “Activity for GL events was severely impacted by the health crisis in 2020 and for the first time since its creation, the Group will register a loss. In this unprecedented situation, GL events acted with agility and adaptability in addressing the operational and financial challenges. I wish to thank the Group’s employees who have demonstrated the flexibility, resilience and spirit of solidarity necessary for navigating the current anxiety-provoking period.
Global events solutions and services provider GL events has reported annual revenue of €479.4m, down 59.1% year-on-year. The Q4 result was even starker figure, denoting a 65.3% drop in revenues y-o-y to €112m. The Q4 figure, however, was up in relation to the The Group was keen to sound upbeat about its potential for rebounding and hailed its winning bid for the 30-year management concession of the Olivier Ginon, Chairman-CEO of GL events, commented on the financial results: “Activity for GL events was severely impacted by the health crisis in 2020 and for the first time since its creation, the Group will register a loss. In this unprecedented situation, GL events acted with agility and adaptability in addressing the operational and financial challenges. I wish to thank the Group’s employees who have demonstrated the flexibility, resilience and spirit of solidarity necessary for navigating the current anxiety-provoking period.