Annual report 2001 - GL events

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● GL MOBILIER
GL MOBILIER (M€) 2001 2000
Net sales 25.6 27.5
Operating profit 2.3 1.9
Net profit 1.5 0.9
Net fixed assets and stock 7.8 7.1
Equity 8.5 8.9
Net gearing (asset) (0.5) (1.5)
During the course of the year 2001, net sales of GL
Mobilier come to 25.6 m€. Thanks to a good control of
the fixed charges, operating profit reached 2.3 m€ or
8.8 % of net sales in 2001 compared to 6.9 % in 2000.
GL Mobilier continues to offer its support to offices
around France in the development of the “Furniture”
activity by increasing their stock of materials specially in
the Rhônes-Alpes and PACA areas. In 2002, it will
actively pursue the development of the events business
through major national and international events and at
the same time consolidate its exhibition activity by
renewing major contracts.
Following a small net financial charge and an exceptional
proft / (loss) of 0, a corporate tax of (0.7 m€) and
employee profit sharing of (0.1 m€), net profit equals
1.5 m€.
● SF PROTECTION
SF PROTECTION (M€) 2001 2000
Net sales 20.2 17.8
Operating profit 3.9 2.6
Net profit 2.1 1.4
Net fixed assets and stock 13.8 12.4
Equity 7.6 6.9
Net gearing 5.8 7.1
Leader in its market, this company joined the Group in
September 2000 and reinforced the Group’s offer in
structures. SF Protection’s activity is to propose
structures for storage to industrial and commercial
companies either for sales or on long-term rental
agreement.
In 2001, net sales registered a 14 % increase to reach
20.2 m€. This development allows a 55 % increase of the
operating profit at 3.9 m€.
During the course of the year, the company moved from
Saint Priest to Brignais to be closer to the other companies
of the Group. Moreover, the company started the
commercialization of its lines of products in Spain, Italy
and in the United Kingdom.
Taking into account a financial charge of (0.4 m€), an
exceptional profit/ (loss) of nil, a tax of (1.2 m€) and an
employee profit sharing of (0.2 m€), the net profit comes
to 2.1 m€ compared to 1.4 m€ in 2000.
● ISF
ISF (M€) 31 December 2001 31 July 2000 From 1 August
(12 months) (12 months) to 31 December 2000
(5 months)
Net sales 16.6 15.2 8.0
Operating profit 1.1 1.7 0.7
Net profit 0.7 1.0 0.4
Net fixed assets and stock 3.9 3.2 3.4
Equity 2.8 2.4 2.8
Net gearing (asset) 1.1 (1.4) (1.2)
Located in Nantes, ISF is a company specialized in the
design and distribution of a line of modular equipment for
exhibitions. The company joined the Group on 1 August
2000.
With its commercial forces, net sales come to 16.6 m€ in
2001, a 2 % increase compared to 2000, and this despite
a difficult macroeconomic environment during the second
semester.
ISF continues to invest for the future by reinforcing its
commercial network in France as well as by adapting its
internal organization to more modern management
techniques.
Taking into account small financial and exceptional
income, net profit before tax (0.3 m€) and employee profit
sharing (0.1 m€) comes to 0.7 m€.