GL Events (GLO) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue reached €430m, up 11.3% year-over-year, with 11.2% like-for-like growth.

• Strong performance in South America and France, supported by major event contracts spanning 2025–2026.

• Double-digit growth confirms strategic positioning in global events and sustainable venue management.

Financial highlights

• Consolidated Q1 2025 revenue: €430m, up from €386.5m in Q1 2024 (11.3% increase).

• Revenue growth driven by positive biennial effects and robust activity in key markets.

Outlook and guidance

• FY 2025 revenue growth now expected to exceed 5%.

• Improved operating margin and CapEx of €80m anticipated, lower than 2023 and 2024 levels.

• Net debt reduction expected on a like-for-like basis.