(63.77% of share capital)




The following data and comments are taken from the interim report of Juventus Football Club S.p.A. at March 31, 2013 for the third quarter of 2012/2013 (corresponding to the period January 1, to March 31, 2013):

€ million 2012/2013 2011/2012 Change
Revenues 74,1 65,9 8,2
Operating costs54,855,3(0,5)
Operating income (loss) 5,8 (3,3) 9,1
Net income (loss) for the period 2,6 (4,9) 7,5
€ million 3/31/2013 6/30/2012 Change
Shareholders' equity 78,4 64,6 13,8
Net financial position 160,9 127,7 33,2
The quarterly data cannot be construed as representing the basis for a full-year projection. For a correct interpretation of the data it should be noted that the financial year of Juventus does not coincide with the calendar year but covers the period July 1 – June 30, which corresponds to the football season. Economic performance is characterized by the highly seasonal nature typical of the sector, determined mainly by participation in competitions in Europe, particularly the UEFA Champions League, the calendar of sports events and the two phases of the players’ Transfer Campaign. The financial position and cash flows of the company are also affected by the seasonal nature of the income components; in addition, some revenues items are collected in a period different from the recognition period.


Profit for the third quarter 2012/2013 amounts to €2.6 million, increasing by €7.5 million compared with the loss recorded for the same period of the previous financial year (-€4.9 million). The positive change is substantially due to higher income from television and radio rights and media revenues (+€10.1 million), lower players’ wages and technical staff costs (+€2.6 million) and lower amortization of players registration rights (+€1.7 million). These positive changes are partially offset by lower net revenues from players' registration rights (-€4.9 million) and higher amortization of other fixed assets (-€1.9 million).

Shareholders’ equity

Shareholders’ equity at March 31, 2013 amounts to €78.4 million, registering an increase compared with the balance of €64.6 million at June 30, 2012, mainly due to the profit recorded for the period (+€13.8 million).

Significant events in the first quarter of 2013 are the following:

Football season
On May 5, 2013 the First Team won the Serie A Championship 2012/2013 with three matches to spare (the 31st league title in the team's history) and obtained direct access to the Group Stage of the next UEFA Champions League 2013/2014.
As for other competitions, the First Team reached the semifinals of the Italian Cup in January and the quarterfinals of the UEFA Champions League in April.
In April, the Primavera Team won the Italian Cup in its category.

Transfer Campaign 2012/2013 – second phase
Acquisitions and disposals

The transactions concluded in the second phase of the 2012/2013 Transfer Campaign, conducted from January 3 to January 31, 2013, increased total net invested capital by €3.8 million as a result of acquisitions totaling €3.9 million and disposals totaling €0.1 million (net book value of rights disposed).
The net gains on the sales came to €3.3 million.
The net total financial commitment (including capitalized auxiliary expenses and financial income and expenses implicit in the deferred receipts and payments) amount to €1.8 million, broken down as follows: €1.3 million during the year 2012/2013 and €0.5 million during the year 2013/2014.

Renewal of players’ contracts
Effective February 1, 2013, the player's contract of the Gianluigi Buffon was renewed until June 30, 2015. This extension will lead to lower amortization of about €1.4 million in the year 2012/2013.

Commercial Register No.64236277 Legal notes | Credits