Annual report 2001 - GL events

8 9
T
hese activities include long-term
fittings of commercial areas or cultural
spaces for which Générale Location
works not only in the design and creation of
sales and reception areas set up by distribution
and service companies but also in the display of
items belonging to the cultural heritage, such
as the Army Museum at the Invalides in Paris.
This special niche with guarantees of high profit
and enhancement of public image, deals in
medium and long-term prospects away from
the hazards of economic situations. It requires
state-of-the-art techniques, and shows
Générale Location’s capacity to play the role of
assembler for large scale projects.
With the recent integration of BS Vision, a
specialist in fittings for the tertiary sector – upmarket
hotels, head offices,… - and naval
equipment, this activity will represent 20%
of the total activity of the Group.
Besides high profitability and solid cash flow, BS
Vision is well provided for with orders already
placed.
This market which represents about 950 m€
per year in France, will undoubtedly experience
a rapid development. Its annual growth rate
should go beyond 5% in the coming years.
American Airlines Departure Lounge
Roissy