GL Events posts 14.8% growth and set for acquisition

GL Events,
parent company of UK-based temporary structure suppliers Snowdens and Owen
Brown, has announced 14.8 per cent revenue growth for the first nine months of
2010. The company is also targeting 20 per cent growth by the end of the
year.

GL attributed the growth to recovery in the company’s international
markets, with projects during the FIFA 2010 World Cup and 2010 Commonwealth
Games in Delhi.

More than
half (52%) of the company’s revenues comes from international operations.

Managing
director of GL Events’ UK divisions Owen Brown and Snowdens, Alex Robertson,
said the experience of being so closely involved in major global events “will
undoubtedly be of great benefit as the focus of such events switches to the UK,
firstly with London 2012 and secondly Glasgow 2014 in which we hope to play an
active role supporting the relevant LOCOGS”.
Looking to fourth quarter
orders, GL Events said levels for reservations and commercial performances for large trade fairs were
“satisfactory” and remained confident of achieving sales of more than €690m
(US$971.4m), or annual growth of 20 per cent.

The optimism was based on a
favourable events calendar, with the G8 Summit in Lyon and the French presidential elections likely to
provide big opportunities for the company.

The group also said it
expected to finalise an acquisition in the coming weeks and to gain control of
further local and regional government
venues throughout the world.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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