Milan, 28 October 2019 - The F.C. Internazionale Milano S.p.A. Shareholders’ Meeting has today approved the club’s 2018/19 financial statements, which show excellent results over the course of the season and significant growth for the Group. Inter’s revenue is now more than double since Suning’s takeover, underlining the success of the project so far.
Last season, consolidated revenues increased by 20% to reach €417 million, the highest-ever figure achieved by the club, while the EBITDA grew by 53% to €105.2 million. The net result was a loss of €48.4 million, which the Club ascribes to the significant investments made to strengthen on-field performances.
Contributing to the revenue increase was the €138 million from sponsorships (up 9% on the previous financial year) and the excellent results obtained thanks to the fans’ support for the team: an average home attendance of 61,419 saw Inter record the highest attendance figures in Italy once again, and the fifth highest in Europe.
During the season, the Club fulfilled the cumulative break-even requirements of the UEFA Settlement Agreement signed in May 2015, enabling it to exit the Agreement and demonstrating the solidity of the organization’s business performance.
FC Internazionale Milano is a global brand with 385 million supporters across the world. The club now has 120 million fans in China – an increase of 30% on the previous season. Last season the value of the Inter brand grew by 20% to €465 million, taking it ever closer to the world’s top ten football clubs.
The Club’s strategy for the production of innovative and geo-localized dedicated content for new generations, has created significant growth in number of followers across digital channels with an overall increase of 8 million to reach 22.5 million by the end of the 2018/19 season (up 54% on the previous year). FC Internazionale Milano is currently the European club with the fastest growing social-media presence (+5.09% in the last month across all platforms) and now has 28 million worldwide followers.
“Inter’s new era has begun and the club has started an important growth journey to take the Club to the top of the industry,” president Steven Zhang commented. “With efforts of all, we are certain to have laid solid foundations in the past 3 years, and now the Club obtained a higher position in the sports landscape as the company becomes stronger. Our on-field results, the investments we have made and the growth of our brand’s value bear witness to how effective our project has been. Millions of fans all over the world show their support for Inter and that gives us great motivation to keep working with the aim of being an increasingly innovative, forward-thinking club.”
Over the course of the 2018/19 season, the club began redevelopment work at Suning Training Centre, while in June Inter’s new headquarters were opened - 1908Inter HQ being a real Brand Statement by the club. The most important infrastructure project is the one for the San Siro district: an investment of €1.2 billion for a modern, innovative, sustainable stadium and a revitalised area that can be used 365 days a year.
“The Club’s consolidated financial statements for the 2018/19 season are extremely positive with the highest revenues in this club’s history,” said Inter Corporate CEO Alessandro Antonello. This ensures the club can continue its plans to invest in strengthening the team, in infrastructure and in all the other strategic assets in order to keep growing. One of these projects is for the new San Siro, a project that is both innovative and advanced – values that are part of this club’s and this city’s DNA.”
“Our constant improvement both on and off the pitch makes us very proud and gives us added incentive,” Sport CEO Giuseppe Marotta declared. “Inter has laid solid foundations for the growth of the Club in the sporting field. The extremely positive start of this season has given us great confidence. The choice of one of the world’s best coaches in Antonio Conte and his winning mentality, the strength of a close group, made up of many Italian players, will enable us to reach our objectives.”