MILAN - The F.C. Internazionale Milano S.p.A Shareholders' Meeting approved the 2015/2016 full year results on Friday.
- Consolidated Statutory Revenues for Financial Year 2015-16 of 241.4 million Euro, up 21.6% compared to 198.5 million Euro for the previous year 2014-15
- Consolidated Net result improved to a loss of 59.6 million, compared to 140.4 million Euro losses of the previous year
- Consolidated EBITDA of 10.1 million Euro, compared to 0.5 million Euro of the previous year, an increase of 9.6 million
- Adjusted deficit of less than 30 million Euro for FY 2015-16, compliant with the Financial Fair Play settlement agreement (subject to formal UEFA approval)
- Capital Increase of 142 million Euro and subsequent additional funding for a total amount of 180 million Euro provided by the new majority shareholder, granted new financial resources improving the company's capability to finance its business
Michael Bolingbroke, Chief Executive Officer of F.C. Internazionale, commenting on the improved results for the Financial Year 2015-16, said:
'The consolidated full year 2015-16 financial results for F.C. Internazionale Milano Group show that we are firmly on track with our long-term business plan for the Club. These figures are without any contribution of revenues from participation in UEFA club competitions. We have a solid five-year business plan in place for the Club including the generation of new revenue streams that will lead to profitability through sustainable commercial growth. In this regard the Club will benefit from major opportunities for the growth and development of the Inter brand outside of Italy, thanks in no small part to our new majority shareholder Suning, and their vast footprint in China and Asia.'
Consolidated revenues
|
Currency €M |
FY16A |
FY15A |
Var. |
% Growth YoY |
|
Matchday/Ticketing |
22.1 |
18.6 |
3.5 |
18.5% |
|
Broadcasting Rights |
89.6 |
89.1 |
0.5 |
0.5% |
|
Sponsorship and Partnerships |
45.0 |
37.3 |
7.7 |
20.7% |
|
Other activities |
28.0 |
23.9 |
4.1 |
17.1% |
|
Merchandising |
2.1 |
2.0 |
0.1 |
6.7% |
|
Total Revenues (excl. Player trading and Other income) |
186.8 |
170.9 |
15.9 |
9.3% |
|
Net Player trading gains & Other income |
54.6 |
27.5 |
27.1 |
98.5% |
|
Total Revenues |
241.4 |
198.5 |
42.9 |
21.6% |
We forecast the financial year 2016-17 to be in line with our expectations, allowing us to comply with the UEFA Financial Fair Play conditions, thus reaching adjusted break-even.
