OL Groupe : FY sales broadly in line but the environment remains challenging
>COVID impact on FY 2019-20: € 50m excluding player trading - For its 2019-20 financial year (closed end of June), OL Groupe's sales came in line: -11% y-o-y to € 276.3m (vs € 277.4m est.) Following the press release and a contact with the company, we note:Revenues from operations excluding player trading (67% of sales) dropped by 16% y1eo1ey to € 185.4m (€ 186.1m est.). All income items have been impacted by COVID, in particular TV rights, which have fallen close...Olympique Lyonnais Groupe is a holding company. Through its subsidiaries, Co. is active in the following businesses: sporting events, media and sports entertainment, and complementary businesses. Co. is organized around Olympique Lyonnais football club, in Lyon, France and is engaged in the media and entertainment sector. It is articulated around five activities: Ticketing; Media rights; Sponsoring and advertising (adidas, BetClic-Everest Poker, Groupama, Araldite, MDA, Keolis and Renault Trucks); Brand-related revenue (derivative products, OL Images, etc.) and Player trading.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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