MILAN – The FC Internazionale Milano S.p.A. Shareholders’ Meeting has today approved the 2016/17 financial statements, underlining the club's significant growth.
The consolidated financial statement shows revenue of €318.2m, an increase of €78.4m or 32.7% on the previous financial year, generating an EBITDA of €67.5m and a further reduction in operating losses, which fell to €24.6m, a €36.7m improvement on last year.
For the club the operating losses satisfy the Financial Fair Play regulations for the 2016/17 tax year (pending formal approval from UEFA).
The process aimed at turning the club around is still in progress, but the desired results are already being obtained thanks to careful planning by the ownership and the excellent development prospects created as a result. The club must remain highly focused in order to continue to develop new revenues and ensure improved economic efficiency while at the same time aiming for its primary objective of returning to the level at which it has traditionally belonged.
FC Internazionale Milano S.p.A. CEO Alessandro Antonello had the following to say about the positive results obtained in the 2016/17 financial year.
"Thanks to the hard work of everyone at the club and commercial growth we have ensured these positive figures for 2016/17. The underlying trend is one of growth and sustainability as we concentrate on returning Inter to highest level of European football. All of our actions so far are part of our plan to make the team more competitive and turn our club into a model for sporting success."
In addition to approving the financial statements ending on 30 June 2017, the Shareholders’ Meeting also approved the composition of the Board of Directors. Alessandro Antonello was confirmed as CEO, having been co-opted by the Board of Directors in August.
The full make-up of the Inter Board of Directors is as follows: Erick Thohir, Handy Purnomo Soetedjo, Nicola Volpi, Alessandro Antonello, Yang Yang, Mi Xin, Zhang Kangyang, Ren Jun, Liu Jun.