F.C. INTERNAZIONALE MILANO SPA ANNOUNCE 2015 FINANCIAL YEAR END RESULTS

President Erick Thohir and the Board reported a continued improvement to the balance sheet position at annual shareholders meeting this morning

MILAN - President Erick Thohir and the Board of F.C. Internazionale Milano SpA were pleased today to report at the annual shareholders meeting a continued improvement to the balance sheet position during the 2015 financial year.

The club reported the stand-alone company’s adjusted net result of €45.3 million of losses in 2015 after experiencing improvement in revenues from UEFA competition while also having positive trends in player trading and amortisation during the year.

Introducing the results at today’s meeting Inter President, Erick Thohir, said:

“The financial results for 2015 show that we are taking the Club and the business in the right direction. Revenues grew and our EBITDA was positive, a key milestone for the Club.

“We continue with our strategy of building a successful team on the pitch and a strong business off it, while being aware of the need for financial fair play compliance.”

The adjusted net result for the 2015 financial year of €45.3 million in losses takes into account significant non-recurring costs incurred, including provisions for technical staff, various player contracts and the financial fair play settlement from a net result for the year of minus €74 million.

The Club has had a strong start to the 2015/16 season both on and off the pitch.

On the business side two new regional sponsors have been signed in Asia and the Club continues to expand its commercial opportunities outside Italy.

On the field the good results have helped drive strong season ticket sales and demand for general admission tickets. The Club has the highest average home attendance (54,437), posting a new domestic record for gate receipts for the match against AC Milan (€3,671,078), and immediately surpassing this record again five weeks later with €3,740,051 in gate receipts recorded from yesterday’s match versus Juventus.

Inter currently occupy third place in the table after eight rounds of the Serie A season, level on points with Roma (who are second on goal difference).

 


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