Juventus’ half-year financial statement 2017 – The Board of Directors of Juventus Football Club S.p.A., chaired by Andrea Agnelli, approved the half-year financial statement closed on December 31st, 2016. The first half of the financial year 2016/2017 ended with a profit of € 72 million which shows an increase of € 41.7 million compared with a profit of € 30.3 million in the previous year. This variation is due mainly to higher income from the players’ management that amounted to € 84.6 million, and the general increase in recurring revenues of € 25.8 million.
These increases were partially offset mainly by the increase from players’ rights charges amounting to € 31.9 million, by lower non-recurring revenues of € 10.3 million, and from the higher amortization of players’ registration rights for € 8 million. Further changes referred to the higher costs for external services that went up to € 4.5 million, additional taxes (€ 3.4 mln), higher costs for the staff (€ 2.3 mln), increased purchases of products destined for sale (€ 1.9 mln), the result from discontinued operations (€ 1.2 mln), and other net negative changes (€ 2.1 mln).
The Net Equity recorded on December 31st, 2016 amounted to € 125.4 million, a whopping number compared to the € 53.4 mln collected on June 30th, 2016 (€ +72 million in 6 months). The Net financial debt on December 31st, 2016 amounted to € 174.1 million (€ 199.4 mln on June 30th, 2016). The improvement of € 25.3 million was determined from the profits of the transfer market campaigns (€ +12,6 mln net), and from the positive cash from operating activities (€ 23 mln) partially offset by investments in other fixed assets (€ -5.4 mln), from equity investments (€ 2.1 mln) and the cash flows from financing activities (€ 2.8 mln).
