OL Groupe: total revenue of €252.6m (+42.4%) and net loss of €55m in 2021-22

OL Groupe's total revenue from operations during the 2021-22 financial year (from 01/07/2021 to 30/06/2022) was €252.6m, up 42.4% on 2020-21 (€177.4m), announced the holding company that owns Olympique Lyonnais (Ligue 1 Uber Eats) on 14/10/2022. The group's net loss decreased to €55m, compared to a deficit of €107.5m at the end of the previous financial year.

"The 2021-22 financial year was characterised by a sharp recovery in business activity in the wake of the Covid-19 pandemic. The resumption of activities and state aid enabled the Group's EBITDA to turn positive. It totalled €15.9m in 2021-22, a €49.8m improvement over 2020-21. Throughout the financial year, OL Groupe continued to implement its strategic projects and in particular the construction of the LDLC Arena, which is scheduled to begin operations at the end of 2023," said the group upon the presentation of its 2021-22 annual accounts.

"Finalisation of the planned transaction with Eagle Football, announced at the end of the 2021-22 financial year, is continuing. The closing date has been set for 21/10/2022," continued OL…