Juventus
(63.77% of share capital)
The results for the first half of 2019/2020 of Juventus Football Club S.p.A. are as follows:
I Half | |||
---|---|---|---|
€ million | 2019/2020 | 2018/2019 | Change |
Revenues | 322 | 330 | (8) |
Operating costs | (261) | (227) | (34) |
Operating income (loss) | (38) | 17 | (55) |
(Loss)/profit for the period | (50) | 7 | (57) |
€ million | 12/31/2019 | 06/30/2019 | Change |
---|---|---|---|
Shareholders' equity | 276 | 31 | 245 |
Net financial debt | 327 | 464 | (137) |
The loss for the period, strongly affected by the league calendar (2 home Serie A matches less than in the first half of 2018/2019), mainly derived from lower revenues for €8 million, higher players’ wages and technical staff costs for €30 million, higher players’ registration rights expenses for €10 million, higher amortization and write-downs on players’ registration rights for €11 million, higher other amortization for €3 million and higher net financial expenses for €3 million. These changes were partially offset by lower purchases for products held for sale for €4 million, lower costs for external services for €3 million and reduced provisions for €1 million.
Shareholders’ equity at 31 December 2019 amounted to €276 million, with an increase of €245 million compared to the closing at 30 June 2019 (€31 million), due to accounting recognition of the portion of the share capital increase (€295 million) net of related costs, and to the loss for period (€50 million).
2020 Outlook
The 2019/2020 financial year of Juventus Football Club, forecasted to result in a loss, will be as usual strongly influenced by sports results, in particular in the UEFA Champions League.
- Annual Report 2019
- Half-Year Report H1 - 2019