(63.77% of share capital)




The results for the third quarter of the financial year 2015/2016 (corresponding to the period January 1, to March 31, 2016) of Juventus Football Club S.p.A. are as follows:


The interim 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 European competitions, particularly the UEFA Champions League, the calendar of football events and the two phases of the players’ Transfer Campaigns.
The financial position and cash flows of the company are also affected by the seasonal nature of the income components; in addition, some revenue items are collected in a different period than the period to which they refer.


Profit in third quarter of 2016 is €5.8 million. The €4.9 million increase compared to the profit reported in corresponding period of the prior year (€0.9 million) is largely due to higher current revenues (€19.1 million). The positive change was partially offset by higher costs for players’ wages and technical staff (€4.7 million), higher amortization and writedowns of players’ registration rights (€4.1 million), higher expenses from players’ registration rights (€1.1 million), purchase of merchandise intended for sale (€1.1 million) and lower non-recurring revenues (€1.8 million).

Net financial debt at March 31, 2016 is €183.9 million, a decrease of €5 million from the negative balance of €188.9 million at June 30, 2015. The decrease is attributable to positive flows provided by operations (+€47.3 million) and the first reimbursement obtained on advances made in prior years on the Continassa Project (+€2.7 million). Such positive changes were partially compensated by the disbursements for the Transfer Campaigns (-€30.7 million net), capital expenditures in other fixed assets (‑€9.5 million), investments in equity shareholdings (-€0.3 million), advances made to various suppliers for the Continassa Project (-€0.1 million) flows used for financial activities (-€4.4 million).

In order to optimize the composition of its sources of financing and in keeping with the regulations of the sector, since September 2015 Juventus has designed and begun a program to convert a significant part of its short-term debt into medium-/long-term forms of financing.

Commercial Register No.64236277 Note legali | Credits