Highlights
• Revenues for the first half of the 2009/2010 financial year amounted to € 134.7 million, an increase of 8.6% on the € 124 million recorded in the first half of the previous financial year, mainly due to the higher revenues from television and radio rights recorded following the higher number of home Championship games played in the first half and higher revenues from the UEFA Champions League;
• Operating Costs for the first half of the 2009/2010 financial year came to a total of € 95.4 million, an increase of 4.1% compared to € 91.6 million in the corresponding period of the previous financial year, mainly due to higher mutuality costs related to television rights and higher costs for players’ wages and technical staff;
• the Operating Result for the first half of the 2009/2010 financial year totalled a positive € 25 million, compared to the positive balance of € 17.8 million at 31 December 2008, due to the higher growth of revenues compared to operating costs;
• the first half of the 2009/2010 financial year closed with a positive Net Result of € 14.2 million, against the positive balance of € 14.6 million in the same period of the previous financial year.
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• Shareholders’ Equity at 31 December 2009 was € 115.8 million, an increase compared to € 101.8 million at 30 June 2009 due mainly to the result for the period;
• the Net Financial Position at 31 December 2009 was positive for € 10.5 million, a decrease compared to the positive balance of € 25.6 million at 30 June 2009, due to the cash flows of the period following the operations of the first phase of the Transfer Campaign and the investment in the new stadium currently underway.
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• The Board of Directors noted that during the first half of the financial year construction work on the new stadium continued according to schedule.
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• In the framework of its in-depth examination of sports issues, the Board of Directors met the new trainer Alberto Zaccheroni and his staff.