GL EVENTS: nine-month organic growth of 3.6%

Revenue at the end of September 2019 of GL Events was 849.6 million euros, up 10.4%. This growth reflects both the commercial dynamism of historical activities and the performance of companies acquired in Asia. The nine-month organic revenue growth was 3.6% first quarter and constant currency. Revenues for the third quarter were 253.7 million, up 12.9% and 8.2% on a constant currency basis, driven by a combination of recurring and nonrecurring events. On the basis of the performances of the first nine months of the financial year and the calendar of events already scheduled for the fourth quarter, notably with the Cop 25 in Chile, GL events confirms its objective of growth in turnover of more than 10% (par equivalent to the first 9 months of the year), including 6% organic growth, accompanied by improved profitability.

As previously announced, the group estimates that its financial leverage (excluding IFRS 16 debt) should be less than 2.9 at the end of December 2019.