Inter to Report Record Turnover That’s Superior to Treble Season

Inter to Report Record Turnover That’s Superior to Treble Season
October 26, 2018 13:20
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According to Calcio e Finanza, Inter have reported a record turnover for the financial year 2017/2018. The figures that will be presented through financial statements to the club’s shareholders when they gather today are unprecedented.

In fact, Inter recorded a 9% increase in turnover for the 2017/2018 season, an increase which translates to a turnover-record, superior even to that recorded for the financial year 2009/2010, a glorious season in which Inter won the illustrious treble. Inter’s turnover for the financial year 2009/2010 had reached €323.5 million. The turnover to be reported to the Shareholders today is that of  €346.9 million.

But the turnover figures are not the only healthy indicators reported by Calcio e Finanza. The net loss reported for the financial year 2017/2018 (that of €17.7m) has not been as low since the 2002/2003 season, while general revenues have increased by 7% over the previous financial year.

The increase in costs, wages and depreciation – which were all expected – have served to counterbalance the club’s revenues from capital gains and commercial sales, which in turn continue to grow. It is worth underlining here, that the club’s ownership has managed all this without the financial and commercial boost that comes from competing in European competitions.

By Joe Debono
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