Annual report 2001 - GL events
Annual report 2001 - GL events
Annual report 2001 - GL events
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4<br />
● DECORAMA<br />
DECORAMA (M€) <strong>2001</strong> 2000<br />
Net sales 13.2 15.6<br />
Operating profit (0.1) 1.0<br />
Net profit (0.2) 0.6<br />
Net fixed assets and stock 0.7 1.1<br />
Equity 0.6 1.2<br />
Décorama is a company which specializes in prestige<br />
stands, signage, fittings for department stores/<br />
hypermarkets and museum fittings.<br />
During the course of the year <strong>2001</strong>, the company<br />
DECORAMA realized sales of 13.2 m€. The absence of<br />
exceptional international <strong>events</strong> had an impact on the<br />
level of activity in <strong>2001</strong>, and consequently on its profit. The<br />
commercial investment launched in 2000 and pursued in<br />
<strong>2001</strong>, allowed DECORAMA to orient itself towards more<br />
recurrent markets while remaining on the market of<br />
prestige stands.<br />
Finally, it will continue the recovery of its profitability by<br />
adapting its structural charges to its level of activity.<br />
Considering a small financial charge and the absence of<br />
exceptional items, net profit comes to (0.2) m€ compared<br />
to 0.6 m€ in 2000.<br />
● HALL EXPO<br />
HALL EXPO (M€) <strong>2001</strong> 2000<br />
Net sales 16.8 24.7<br />
Operating profit (1.6) 1.6<br />
Net profit (2.7) 0.5<br />
Net fixed assets and stock 9.9 12.6<br />
Equity 7.0 5.9<br />
Hall Expo generates its activity in the rental of structures<br />
and grandstands for the need of organizers of <strong>events</strong> and<br />
shows.<br />
After an exceptional year 2000 thanks to the Sydney<br />
Olympic Games, the global activity is slowing down by<br />
38 % and net sales of 16.8 m€ can be analyzed as follows :<br />
• 4.3 m€ for Temporary seating/ Grandstands, that is a<br />
decrease of about 52 % compared to the one of 2000,<br />
linked principally to the Sydney project,<br />
• 12.5 m€ for Structures, that is a decrease of 20 % also as<br />
a result of the Sydney Olympic Games.<br />
Net sales are superior to the provisional budget of <strong>2001</strong> and<br />
the activity in France is in progression compared to the<br />
previous year.<br />
<strong>2001</strong> is a year of transition for the company, highlighed<br />
mostly by the return of the equipment from Sydney and the<br />
development of new markets. The move to a new<br />
production site in Brignais dedicated to the activity of<br />
structures will give the possibility to better respond to the<br />
demands of the growth and to optimize logistics. Hall Expo<br />
continues its development of commercial activity in Paris as<br />
well as the development of the synergy of the sector<br />
Structures/ Grandstands.<br />
The exceptional result of (0.8) m€ is mostly due to cost<br />
when returning the material from Sydney after the Olympic<br />
Games.<br />
After tax, net loss is (2.7) m€ compared to 0.5 m€ in 2000.<br />
Moreover, HALL EXPO increased its capital to € 3 817 236.62<br />
through the incorporation of GENERALE LOCATION current<br />
account.<br />
i - Significant post-balance sheet <strong>events</strong><br />
• As part of the development of venue management, the<br />
Group took over the management of the Pierre Baudis<br />
Congress Center in Toulouse on 1 January 2002.<br />
• BS Vision was acquired at the beginning of 2002 : it<br />
specializes in the interior fittings of tertiary buildings<br />
(up-market hotels, head offices,…) and the naval sector.<br />
Located in the Paris area and Loire Atlantique, BS VISION<br />
offers the Group a highly specialized expertise in the<br />
management of businesses with duration of execution<br />
exceeding 12 months. As a result, this new know-how<br />
will be introduced and developed in the other Group’s<br />
subsidiaries with a related activity. For the year 2002, BS<br />
VISION is expecting net sales of about 27 m€.