Ankündigung • Jun 27
Michele Kang competed the acquisition of 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited. Michele Kang agreed to acquire 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited for $30 million on March 27, 2026. A cash consideration of $30 million valued at $0.1943 per share will be paid by the buyer. As part of consideration, $30 million is paid towards common equity of Eagle Football Group SA. Concurrently, agreements have been reached with Olympique Lyonnais SASU's (“OL SASU” and together with EFG, “OL Group”) senior secured lenders under the existing RCF and FCT, the financing commitment of up to €71 million provided by Michele Kang, and the release of OL Group’s liabilities towards affiliates of “Eagle Football”. The Transaction aims at providing new funding and stability to the OL Group amid severe financial difficulties. This agreement results from the competitive sale process conducted by Cork Gully, joint administrators of Eagle Bidco pursuant to the UK Insolvency Act 1986 (the “Bidco Administrators”), whose statutory duty is to maximize the value from Eagle Bidco’s assets for the benefit of its creditors. The price would, in part, be settled on a cashless basis by setting-off a portion of the debt owed by Eagle Bidco to YMK Holdings, LLC at completion. Upon completion of the acquisition of the EFG shares from Eagle Bidco, Michele Kang would become the owner of 87.78% of the shares of EFG. In the weeks following the acquisition and in compliance with applicable laws, Michele Kang will file with the French Autorité des marchés financiers (“AMF”) a mandatory tender offer for the remaining EFG shares. The Tender Offer is expected to be filed in October 2026 at the latest. Michele Kang does not intend to request a squeeze-out within the next 12 months. Michele Kang would remain Chair, Chief Executive Officer of EFG and President of OL SASU. Michael Gerlinger would remain general manager of OL SASU. Eagle Football Group S.A. will be renamed “Olympique Lyonnais Groupe S.A.” as part of the next shareholders’ meeting of the Company. The listing of the Company’s shares will resume by 24 June 2026.
The transaction is subject to approval of merger agreement by target board. The Board of Directors of Eagle Football Group SA formed a special committee for the transaction. The completion of the Transaction remains subject to the OL team being maintained in Ligue 1 for the 2026/2027 season and the completion of certain closing steps. The expected completion of the transaction is June 30, 2026.
Michele Kang completed the acquisition of 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited on June 26, 2026. Following the satisfaction of the condition precedent relating to the OL team being maintained in Ligue 1 for the 2026/2027 season by the Direction Nationale du Contrôle de Gestion (DNCG) and the completion of certain closing steps, Michele Kang acquired today from Eagle Football Holdings Bidco Limited (in administration) (“Eagle Bidco”) all of the EFG shares held by Eagle Bidco (representing approximately 87.78% of the share capital), for an aggregate price of $30 million (approximately $0.1943 per share), in the context of the English administration proceedings. In accordance with applicable laws and regulations, Michele Kang will file a mandatory tender offer for the remaining EFG shares with the French Autorité des marchés financiers at the price of the block acquisition (the “Tender Offer”). Ankündigung • Jun 24
Michele Kang agreed to acquire 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited for $30 million. Michele Kang agreed to acquire 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited for $30 million on March 27, 2026. A cash consideration of $30 million valued at $0.1943 per share will be paid by the buyer. As part of consideration, $30 million is paid towards common equity of Eagle Football Group SA. Concurrently, agreements have been reached with Olympique Lyonnais SASU's (“OL SASU” and together with EFG, “OL Group”) senior secured lenders under the existing RCF and FCT, the financing commitment of up to €71 million provided by Michele Kang, and the release of OL Group’s liabilities towards affiliates of “Eagle Football”. The Transaction aims at providing new funding and stability to the OL Group amid severe financial difficulties. This agreement results from the competitive sale process conducted by Cork Gully, joint administrators of Eagle Bidco pursuant to the UK Insolvency Act 1986 (the “Bidco Administrators”), whose statutory duty is to maximize the value from Eagle Bidco’s assets for the benefit of its creditors. The price would, in part, be settled on a cashless basis by setting-off a portion of the debt owed by Eagle Bidco to YMK Holdings, LLC at completion. Upon completion of the acquisition of the EFG shares from Eagle Bidco, Michele Kang would become the owner of 87.78% of the shares of EFG. In the weeks following the acquisition and in compliance with applicable laws, Michele Kang will file with the French Autorité des marchés financiers (“AMF”) a mandatory tender offer for the remaining EFG shares. The Tender Offer is expected to be filed in October 2026 at the latest. Michele Kang does not intend to request a squeeze-out within the next 12 months. Michele Kang would remain Chair, Chief Executive Officer of EFG and President of OL SASU. Michael Gerlinger would remain general manager of OL SASU. Eagle Football Group S.A. will be renamed “Olympique Lyonnais Groupe S.A.” as part of the next shareholders’ meeting of the Company. The listing of the Company’s shares will resume by 24 June 2026.
The transaction is subject to approval of merger agreement by target board. The Board of Directors of Eagle Football Group SA formed a special committee for the transaction. The completion of the Transaction remains subject to the OL team being maintained in Ligue 1 for the 2026/2027 season and the completion of certain closing steps. The expected completion of the transaction is June 30, 2026. Reported Earnings • May 18
First half 2026 earnings released: €0.99 loss per share (vs €0.71 loss in 1H 2025) First half 2026 results: €0.99 loss per share (further deteriorated from €0.71 loss in 1H 2025). Revenue: €76.0m (down 8.3% from 1H 2025). Net loss: €186.5m (loss widened 59% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year. Board Change • Feb 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Gilbert Saada was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jan 29
Eagle Football Group SA Announces Board and Committee Changes Eagle Football Group held its combined general meeting of shareholders on January 28, 2026, at the company's registered office. All resolutions put to the vote were adopted, including the ratification of the co-optation of three new directors: Victoria Wescott (independent director), Gilbert Saada (independent director), and Stephen Welch. The Board Committees are now composed as follows: Audit Committee: Gilbert Saada (Chairman), Victoria Wescott, Stephen Welch; Nomination and Compensation Committee: Sharad Tehranchi (Chairman), Deborah Andrews, Nathalie Dechy, Victoria Wescott. In addition, the Board of Directors has set up a Commercial Advisory Committee, comprising directors including Deborah Andrews (Chair) and Gilbert Saada, which will be supplemented by external figures. This committee will support the Board in overseeing the company's commercial strategy and revenue growth. New Risk • Jan 14
New major risk - Revenue and earnings growth Earnings have declined by 8.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€164m). Earnings have declined by 8.2% per year over the past 5 years. Ankündigung • Jan 08
Eagle Football Group Sa Announces Board Changes Eagle Football Group, during its meeting of January 6, 2026, took note of the resignations of Ms. Bethel Gorin (effective December 31, 2025) and Ms. Camille Lagache (effective January 7, 2026), two independent directors who had served on the Board since September 2023 and December 2022 respectively. It also recalled that Jamie Dinan (June 2025), John Textor (June 2025) and Mark Affolter (October 2025) have resigned since the last general meeting. The Board of Directors decided to co-opt the following directors: Mr. Stephen Welch – an Australian national with international financial expertise, independent director managing Eagle Football Holdings Bidco (the Company's controlling shareholder) – for the duration of his term of office within Eagle Football Holdings Bidco; Ms. Victoria Wescott – a British and French national, former lawyer – as an independent director; Mr. Gilbert Saada The Board of Directors of Eagle Football Group, during its meeting of January 6, 2026, took note of the resignations of Ms. Bethel Gorin (effective December 31, 2025) and Ms. Camille Lagache (effective January 7, 2026), two independent directors who had served on the Board since September 2023 and December 2022 respectively. The Company would like to warmly thank these directors for their commitment and work with the Olympique Lyonnais group. It also recalled that Jamie Dinan (June 2025), John Textor (June 2025) and Mark Affolter (October 2025) have resigned since the last general meeting. The Board of Directors decided to co-opt the following directors: Mr. Stephen Welch an Australian national with international financial expertise, independent director managing Eagle Football Holdings Bidco (the Company's controlling shareholder) for the duration of his term of office within Eagle Football Holdings Bidco;, Ms. Victoria Wescott a British and French national, former lawyer as an independent director; Mr. Gilbert Saada a French national with solid financial expertise, who has already served for several years on the Company's Board of Directors as a independent director and observer as an independent director. These co-optations will be submitted for ratification by the shareholders at the next general meeting scheduled for January 28, 2026. A more detailed presentation of the new directors can be found in the Board report to said general meeting. The other resigning directors have not been replaced. The Board of Directors now consists of 8 directors, including 4 independent directors1 and 4 women. Ankündigung • Dec 13
Eagle Football Group SA, Annual General Meeting, Jan 26, 2026 Eagle Football Group SA, Annual General Meeting, Jan 26, 2026. Location: avenue simone veil, decines charpieu France Reported Earnings • Dec 03
Full year 2025 earnings released Full year 2025 results: Revenue: €233.8m (down 12% from FY 2024). Net loss: €201.2m (loss widened €176.0m from FY 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Entertainment industry in France. New Risk • Oct 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Negative equity (-€78m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€112m net loss in 2 years). Ankündigung • Jun 12
Palace Co-Owner John Textor Reportedly Would Sell Shares for Europa League Chance Crystal Palace FC Co-Owner John Textor is willing to sell his shares in the club in order to ensure the Eagles can enter next season’s Europa League, according to reports. The American, whose Eagle Football Group SA (ENXTPA:EFG) owns 43% of Palace, has imperilled the club’s chance of a first-ever European campaign owing to his involvement with Ligue 1 side Lyon, but is ready to offload his stake to his fellow Co-Owners in order to bring the saga to an end. UEFA does not allow clubs with the same ownership to compete in the same European competitions in a season. As well as his stake in Palace, the 59-year-old has a controlling stake in the French club, also via Eagle Football. However it is also reported that the European governing body does not consider Textor’s influence at Selhurst Park to be decisive and is leaning towards allowing the club into the Europa League regardless. The PA news agency understands no formal decision is likely on Palace’s fate until the end of June. Textor has previously spoken of his frustration at how little influence his stake entitles him to, over football matters. Major Estimate Revision • Apr 03
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €250.0m to €223.0m. Forecast losses increased from -€0.75 to -€1.33 per share. Entertainment industry in France expected to see average net income growth of 60% next year. Consensus price target of €1.60 unchanged from last update. Share price fell 3.6% to €1.88 over the past week. Reported Earnings • Mar 30
First half 2025 earnings released: €0.62 loss per share (vs €0.34 loss in 1H 2024) First half 2025 results: €0.62 loss per share (further deteriorated from €0.34 loss in 1H 2024). Revenue: €82.9m (up 7.5% from 1H 2024). Net loss: €117.0m (loss widened 93% from 1H 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Entertainment industry in France. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 20
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €262.0m to €250.0m. Losses expected to increase from €0.68 per share to €0.75. Entertainment industry in France expected to see average net income growth of 59% next year. Consensus price target down from €1.75 to €1.60. Share price was steady at €1.92 over the past week. Price Target Changed • Nov 18
Price target decreased by 14% to €1.60 Down from €1.85, the current price target is provided by 1 analyst. New target price is 19% below last closing price of €1.97. Stock is down 1.0% over the past year. The company posted a net loss per share of €0.13 last year. Ankündigung • Nov 16
Eagle Football Group Société anonyme, Annual General Meeting, Dec 20, 2024 Eagle Football Group Société anonyme, Annual General Meeting, Dec 20, 2024. Location: 10 avenue simone veil, decines charpieu France Major Estimate Revision • Nov 13
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €245.0m to €262.0m. Forecast EPS reduced from -€0.60 to -€0.68 per share. Entertainment industry in France expected to see average net income growth of 39% next year. Consensus price target down from €1.85 to €1.75. Share price fell 11% to €1.95 over the past week. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€31m net loss in 2 years). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€68m net loss in 2 years). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Ankündigung • Jul 10
Eagle Football Group Société anonyme (ENXTPA:EFG) commences an Equity Buyback Plan, under the authorization approved on December 11, 2023. Eagle Football Group Société anonyme (ENXTPA:EFG) commences share repurchases on May 27, 2024, under the program mandated by the shareholders in the Ordinary General Meeting held on December 11, 2023. As per the mandate, the company is authorized to repurchase its own shares such that on the date of each repurchase, the total number of shares purchased by the company since the start of the repurchase program does not exceed 10% of the shares making up the capital of the company on this date or, for information only and excluding treasury shares. The maximum purchase price of shares will be €5 per share. The purpose of the buyback is to reduce the capital by cancellation of all or part of the shares and/or for preservation and subsequent delivery to the exchange or as payment in the context of external growth operations. The plan will be valid for 18 months from the date of issuance of the Notice of AGM. Major Estimate Revision • May 14
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €359.0m to €355.0m. Losses expected to increase from €0.22 per share to €0.29. Entertainment industry in France expected to see average net income growth of 30% next year. Consensus price target of €2.00 unchanged from last update. Share price was steady at €2.13 over the past week. New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Reported Earnings • Feb 26
First half 2024 earnings released First half 2024 results: Revenue: €77.1m (down 15% from 1H 2023). Net loss: €60.6m (flat on 1H 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Entertainment industry in France. Ankündigung • Feb 09
Olympique Lyonnais Groupe SA to Report First Half, 2024 Results on Feb 22, 2024 Olympique Lyonnais Groupe SA announced that they will report first half, 2024 results on Feb 22, 2024 Reported Earnings • Dec 14
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: €1.09 loss per share (further deteriorated from €0.93 loss in FY 2022). Revenue: €199.1m (up 24% from FY 2022). Net loss: €97.8m (loss widened 81% from FY 2022). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, while revenues in the Entertainment industry in France are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Ankündigung • Nov 08
Olympique Lyonnais Groupe SA, Annual General Meeting, Dec 11, 2023 Olympique Lyonnais Groupe SA, Annual General Meeting, Dec 11, 2023, at 11:00 Central European Standard Time. Reported Earnings • Oct 26
Full year 2023 earnings released Full year 2023 results: Revenue: €276.4m (up 72% from FY 2022). Net loss: €97.8m (loss widened 81% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, while revenues in the Entertainment industry in France are expected to remain flat. New Risk • Oct 25
New major risk - Revenue and earnings growth Earnings have declined by 55% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (201% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€17m net loss in 2 years). Share price has been volatile over the past 3 months (8.8% average weekly change). Ankündigung • Oct 18
Olympique Lyonnais Groupe SA to Report Fiscal Year 2023 Results on Oct 24, 2023 Olympique Lyonnais Groupe SA announced that they will report fiscal year 2023 results on Oct 24, 2023 New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€77m free cash flow). Shareholders have been substantially diluted in the past year (201% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€22m net loss in 2 years). Share price has been volatile over the past 3 months (7.0% average weekly change). Ankündigung • Jun 24
Eagle Football Holdings LLC made an offer to acquire remaining 19.91% stake in Olympique Lyonnais Groupe SA (ENXTPA : OLG) for approximately €100 million. Eagle Football Holdings LLC made an offer to acquire remaining 19.91% stake in Olympique Lyonnais Groupe SA (ENXTPA : OLG) for approximately €100 million on June 22, 2023. The offer price per share is €3 cash per share.The offeror does not intend to request a squeeze-out of the OL Groupe shares following the offer, hence, OL Groupe will remain a publicly listed company. The Board and Ad Hoc Committee of Olympique unanimously approved the transaction. The offer remains subject to review by the AMF. Finexsi acted as independent expert of Olympique. Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 73% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €281.0m to €277.0m. Losses expected to increase from €0.69 per share to €1.20. Entertainment industry in France expected to see average net income growth of 21% next year. Consensus price target of €3.00 unchanged from last update. Share price was steady at €2.97 over the past week. Reported Earnings • Feb 17
First half 2023 earnings released First half 2023 results: Revenue: €91.0m (up 21% from 1H 2022). Net loss: €60.2m (loss widened 122% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in France. Ankündigung • Feb 14
Olympique Lyonnais Groupe SA to Report First Half, 2023 Results on Feb 15, 2023 Olympique Lyonnais Groupe SA announced that they will report first half, 2023 results on Feb 15, 2023 Reported Earnings • Dec 10
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: €0.93 loss per share (improved from €1.85 loss in FY 2021). Revenue: €160.5m (up 36% from FY 2021). Net loss: €54.1m (loss narrowed 49% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Entertainment industry in France. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Dec 06
Price target increased to €3.00 Up from €2.50, the current price target is an average from 2 analysts. New target price is 22% above last closing price of €2.45. Stock is up 14% over the past year. The company is forecast to post a net loss per share of €0.69 next year compared to a net loss per share of €0.92 last year. Major Estimate Revision • Nov 18
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 expected loss increased from -€0.17 to -€0.69 per share. Revenue forecast of €281.0m unchanged since last update. Entertainment industry in France expected to see average net income growth of 34% next year. Consensus price target of €3.00 unchanged from last update. Share price was steady at €2.79 over the past week. Price Target Changed • Nov 16
Price target increased to €3.00 Up from €2.50, the current price target is an average from 2 analysts. New target price is 7.5% above last closing price of €2.79. Stock is up 26% over the past year. The company is forecast to post a net loss per share of €0.17 next year compared to a net loss per share of €0.92 last year. Reported Earnings • Oct 16
Full year 2022 earnings released Full year 2022 results: Revenue: €160.5m (up 36% from FY 2021). Net loss: €55.0m (loss narrowed 49% from FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Entertainment industry in France. Major Estimate Revision • Jul 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €229.5m to €241.0m. Forecast EPS reduced from -€0.56 to -€0.68 per share. Entertainment industry in France expected to see average net income growth of 15% next year. Consensus price target up from €2.50 to €3.00. Share price was steady at €2.89 over the past week. Price Target Changed • Jun 21
Price target increased to €2.50 Up from €2.20, the current price target is an average from 2 analysts. New target price is 19% below last closing price of €3.07. Stock is up 36% over the past year. The company is forecast to post a net loss per share of €0.57 next year compared to a net loss per share of €1.85 last year. Major Estimate Revision • May 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -€0.87 to -€0.57 per share. Revenue forecast steady at €229.5m. Entertainment industry in France expected to see average net income growth of 30% next year. Consensus price target of €2.15 unchanged from last update. Share price fell 3.9% to €2.21 over the past week. Major Estimate Revision • Apr 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -€0.58 to -€0.87 per share. Revenue forecast of €231.0m unchanged since last update. Entertainment industry in France expected to see average net income growth of 27% next year. Consensus price target of €2.15 unchanged from last update. Share price rose 20% to €2.38 over the past week. Major Estimate Revision • Feb 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €228.0m to €231.0m. Forecast EPS reduced from -€1.09 to -€1.80 per share. Entertainment industry in France expected to see average net income growth of 57% next year. Consensus price target of €2.15 unchanged from last update. Share price was steady at €2.03 over the past week. Reported Earnings • Feb 18
First half 2022 earnings: Revenues in line with analyst expectations First half 2022 results: Revenue: €75.0m (up 7.1% from 1H 2021). Net loss: €27.1m (loss narrowed 46% from 1H 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 120% compared to a 10.0% decline forecast for the industry in France. Major Estimate Revision • Jan 07
Consensus EPS estimates fall by 181% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €242.0m to €228.0m. Losses expected to increase from €0.39 per share to €1.09. Entertainment industry in France expected to see average net income growth of 80% next year. Consensus price target of €2.15 unchanged from last update. Share price was steady at €2.00 over the past week. Reported Earnings • Nov 03
Full year 2021 earnings released: €1.85 loss per share (vs €0.63 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: €163.4m (down 9.6% from FY 2020). Net loss: €107.0m (loss widened 193% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 24
Consensus EPS estimates fall to -€1.81 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €215.5m to €203.0m. Losses expected to increase from -€1.08 to -€1.81. Entertainment industry in France expected to see average net income growth of 39% next year. Consensus price target down from €2.20 to €2.15. Share price was steady at €2.20 over the past week. Is New 90 Day High Low • Mar 09
New 90-day high: €2.22 The company is up 2.0% from its price of €2.18 on 08 December 2020. The French market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.32 per share. Major Estimate Revision • Feb 25
Analysts lower revenue estimates to €219.0m The 2021 consensus revenue estimate decreased from €248.0m. Earnings per share (EPS) also decreased, with analysts lowering their estimates from -€0.71 to -€1.53 for the same period. The Entertainment industry in France is expected to see an average net income growth of 27% next year. The consensus price target of €2.20 was unchanged from the last update. Share price is up 3.9% to €2.14 over the past week. Reported Earnings • Feb 19
First half 2021 earnings released The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €70.0m (down 65% from 1H 2020). Net loss: €50.6m (down 440% from profit in 1H 2020). Major Estimate Revision • Nov 14
Analysts update estimates The company's losses in 2021 are expected to worsen with analysts lowering their consensus EPS forecasts from -€0.70 to -€1.03. Revenue estimate was approximately flat at €248.0m. The Entertainment industry in France is expected to see an average net income growth of 19% next year. The consensus price target of €2.25 was unchanged from the last update. Share price is up 5.2% to €2.01 over the past week. Reported Earnings • Nov 01
Full year earnings released Over the last 12 months the company has reported total losses of €36.5m, with earnings decreasing by €42.7m from the prior year. Total revenue was €180.7m over the last 12 months, down 42% from the prior year. Reported Earnings • Oct 10
Full year earnings released Over the last 12 months the company has reported total losses of €36.5m, with earnings decreasing by €42.7m from the prior year. Total revenue was €180.7m over the last 12 months, down 42% from the prior year. Price Target Changed • Oct 08
Price target lowered to €2.25 Down from €2.60, the current price target is an average from 2 analysts. The new target price is 14% above the current share price of €1.98. As of last close, the stock is down 34% over the past year. Is New 90 Day High Low • Sep 25
New 90-day low: €2.10 The company is down 6.0% from its price of €2.23 on 26 June 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.