L events reported annual revenue at December 31, 2021 of 741.2m, up 54.6% year-on-year. Q4 2021 sales amounted to €303.4m, nearly tripling in relation to Q4 2020 and almost back up to the level of 2019. The company states, that this performance, against the backdrop of a continuing complex health situation, highlights the strong recovery in order intake as soon as authorisations for public gatherings are issued. However, compared year-on-year, the annual revenue of 2021 still fell -36.8% short of 2019 revenue.
Olivier Ginon, chairman and CEO of GL events, commented: "After a long period adversely impacted by bans that prevented our event venues from opening and restrictions on gatherings in France and in many other countries, the second half of the year marked a turning point with the introduction of the health pass in France and the easing of restrictions on our businesses. As a result, revenue in 2021 Q3 and Q4 had recovered to levels close to that 2019, illustrating the resilience of our business and confirming the importance of face-to-face meetings and interactions for the public, exhibitors and visitors."
„The second half of the year marked a turning point.“
The speed of recovery is different for the divisions: GL events live had annual revenue of €430.4m, up 39.2% year-on-year (-28.3% compared to 2019), GL events exhibitions reports an annual revenue of €144.5m, up 48.3% year-on-year (-37.5% compared to 2019), and GL events venues saw annual revenue of €166.3m in 2021, up 62.8% from one year earlier (-51.3% compared to 2019). Based on the level of business achieved in 2021, GL events maintains its annual guidance for net income attributable to owners of the company of more than €10m compared with a net Loss of €74m in 2020.