Since opening its private stadium, OL Groupe has developed a high-performance business model, which has helped drive the substantial increase in our revenue and financial performance. The direct and indirect impact of the public health crisis triggered by the Covid-19 pandemic has taken a heavy toll, especially on the 2019/20 and 2020/21 financial years.
In the 2021/22 financial year, the Group expects to reap the benefit of a gradual return to more normal conditions supporting the resumption of all its operations. With the ramp-up in vaccinations and roll-out of health passports, the Group was able to resume its sporting activities and other events at Groupama Stadium from the start of the season.
The Group has reiterated the ambitious sporting goals of its professional teams. The Olympique Lyonnais men’s team is back on the European stage again this season and intends to challenge for honours in both the Ligue 1 championship and the 2021/22 Europa League. The women’s team will be aiming to reclaim top spot in the 2021/22 French D1 championship and in the Champions League.
Despite the pandemic situation, OL Groupe has pushed ahead over the past 18 months with all its strategic projects around its core football business under its Full Entertainment strategy.
The 23,000 m² leisure and entertainment centre at the OL Valley site was opened on 9 June 2021. The All In Tennis Academy at which Jo-Wilfried Tsonga is set to play a key role is due to open in the first half of 2023.
The new OL Valley Arena, a landmark project for the Group’s development with a seating capacity of 12,000 to 16,000 people, will be France’s largest indoor arena venue outside Paris. The new facility will raise the bar in Europe from a technological and environmental standpoint. It should round out OL Groupe’s events capacity and ultimately host between 100 and 120 events p.a. (concerts, seminars, large professional trade shows), as well as sport (including basketball matches in the Euroleague, of which LDLC ASVEL became a permanent member in June 2021, and e-Sport competitions). OL Groupe’s aim is for construction work to begin at the beginning of 2022 and for the venue to enter service in late 2023.
Subject to changes in government measures, a very busy line-up of events has been scheduled at Groupama Stadium, including a private concert for Groupama, concerts by Soprano, Indochine, Rammstein and Mylène Farmer, five Rugby World Cup 2023 matches and competitions as part of the 2024 Paris Olympic Games.
OL Groupe, though hard hit by the pandemic over the past 18 months, believes its medium-term objectives can be retained as things currently stand. While its operations have resumed, the objectives announced prior to the pandemic, i.e. total revenue (including player trading) of ca. €400-420 million and EBITDA of over €100 million, may now be reached by the end of the 2024/25 season.
Please note that known and unknown risks, uncertainties and other factors may affect the achievement of these goals, and consequently, OL Groupe’s future results, performance and achievements may differ significantly from implied or stated goals. These factors could include changes in economic or market conditions or regulations, as well as the risk factors presented in detail in OL Groupe’s 2020/21 Universal Registration Document.