TORINO – Chaired by the president Andrea Agnelli, the Board of Directors of Juventus examined and approved the main results of the first quarter of the 2019-2020 season, as well as the regulation for the increased vote. The official statement of the Juventus company reads: "As of September 30, 2019 total revenues amount to € 170.4 million, showing an increase of € 27.3 million compared to the figure of € 143.1 million in the same period of the previous year".
Juve: "Positive change in losses of 5.5 million"
The note of the Juventus: "This increase is mainly due to higher income from the management of players' registration rights for € 21.7 million and higher operating revenues for € 5.6 million. The first quarter of 2019/2020 closed with a loss of € 19.2 million, which shows a positive change of € 5.5 million compared to the loss of € 24.7 million in the same period of the previous year. This change is mainly due to higher revenues of € 27.3 million, partially offset by higher costs for licensed personnel for € 9.3 million, higher charges from the management of players' registration rights for € 8 million, higher depreciation and write-downs for € 4.6 million, higher net financial expense and share of the result of associates and joint ventures for € 1.1 million and other net positive changes for € 1.2 million".
Juve: "Decrease in equity, increase debt"
"Equity – the Juventus company press release continues –, at September 30, 2019, amounted to € 12.1 million, down compared to the balance of € 31.2 million at June 30, 2019, due to the loss for the period (€ -19.2 million) and other minor changes ( € +0.1 million). At 30 September 2019, net financial debt amounted to € 573.9 million and showed an increase of € 110.4 million compared to the balance of € 463.5 million at 30 June 2019, mainly due to disbursements linked to Transfer Campaigns (€ -113.1 million net), from investments in other fixed assets (€ -1.9 million net) and from financial asset flows (€ -18.8 million, net), partially offset by the positive cash flows from operations (€ + 23.4 million)".
Juve: "Economic trend characterized by strong seasonality"
"At 30 September 2019, the Company had bank credit lines for € 584.4 million (of which € 180.6 million were revocable), used for a total of € 423.3 million, of which € 62 million for sureties issued in favor of third parties , € 123.8 million for loans, € 13.3 million for overdrafts and € 224.3 million for advances on contracts and trade receivables. It should be noted, for the purposes of a correct assessment of the main results at 30 September 2019 reported above, that the economic performance of the Company is characterized by a strong seasonality, typical of the business sector in which the Company operates, as participation in the competitions sports (and, in particular, the UEFA Champions League), the calendar of sporting events and the two phases of the football player Transfer Campaign (which take place during the football season) are manifested differently during the quarters of the financial year", concludes the note.