OL Groupe: revenues of €271.6m (-12%), EBITDA of €45.9m and net loss of €36.5m in 2019-20

OL Groupe's total revenues for the financial year 2019-20 (from 01/07/2019 to 30/06/2020) amounted to €271.6m, down 12% compared to 2018-19 (€309m), announced the holding company that owns Olympique Lyonnais (Ligue 1 Uber Eats) on 06/10/2020.

"The company's financial performance was hard hit in the second quarter by the Covid-19 crisis, which caused the Group's principal activities to be halted in mid-March. Total revenue in 2019-20 stood at €271.6m (vs €309.0m in 2018-19, -12%), whereas it was up 19% or €41.9m as of end-March 2020 (vs end-March 2019). Similarly, after rising 15% to a first-half record of €61.8m in the six months to 31/12/2019, EBITDA was dealt a setback by the public health crisis. Against the difficult economic background, full-year EBITDA nonetheless reached €45.9m, or 17% of Total revenue (vs €76.9m in 2018-19, -40%)," stated OL Groupe following the presentation of its 2019-20 accounts (document available to download).

"The result was very positive until the end of March and the cessation of activities. Despite this, EBITDA amounted to €45.9m, or 17% of…