Board of Directors approves figures for the first quarter 2010/2011

Posted on 11/11/2010

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The Board of Directors of Juventus Football Club S.p.A. today approved the results for the first quarter of the 2010/2011 financial year (July-September 2010).
Revenues for the first quarter amounted to € 48.8 million, a decrease of € 16.1 million (equivalent to 24.8%) compared to € 64.9 million in the first quarter of the previous financial year, due mainly to the lower revenues from participation in European competitions (€ -7.5 million) as well as the coming into force of the new regulations on the centralised sale of television rights which has led, among other things, to the entering of television rights net of the mutuality component due to visiting teams;
Operating costs for the first quarter came to a total of € 57.3 million, an increase of 18.4% compared to € 48.4 million in the first quarter of the previous financial year, due mainly to the higher one-off departure incentives paid to players leaving the club (€ +9.7 million);
The Operating result for the first quarter was negative for € 17.6 million, against the positive balance of € 7.7 million at 30 September 2009;
The Net result at 30 September 2010 was negative for € 18.5 million, against the positive balance of € 5.6 million in the same period of the previous financial year;
Shareholders’ Equity at 30 September 2010 amounted to € 71.7 million, a decrease compared to € 90.3 million at 30 June 2010;
The Net Financial Position at 30 September 2010 was negative for € 19.1 million, a decrease compared to the positive balance of € 6.4 million at 30 June 2010.
Source: Juventus.com
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