Roma release excerpt on the first nine months of the 18/19 financial year: €15.4m improvement from previous year

Roma released an Explanatory Report from the Board of Directors on their official website outlining the financial performance of the Giallorossi for the first nine months of the 2018/2019 financial year. Here is the statement:

“The first nine months of the 2018/19 financial year are characterized by participation in the UEFA Champions League, which generated proceeds totaling €67 million, compared to €67.6 million earned in the first nine months of the 2017/18 financial year, and from proceeds earned from sponsorships with Qatar Airways, Hyundai and Betway, who were not present during the first nine months of the 2017/18 financial year, which equal a total of €13.5 million.

Personnel costs are up compared to the nine months of the previous year at around €22.4 million. Finally, there was a positive result in the operational management of players (transfer market operations), which generated a net income of €71.3 million (compared to €3.2 million in the nine months of the previous year).

In reference to the above, total revenues amounted to €244.6 million (compared to €162 million on 31 March 2018), while EBITDA as of 31 March 2019 is positive result of €58.7 million (compared to €16.8 million as of 31 March 2018), with an increase of around €41.9 million compared to the first nine months of the previous year.

The economic result of A.S. Roma S.p.A. as of 31 March, 2019 is a total of -€23.4 million, compared to -€38.8 million during the same period of the previous year — resulting in a positive net change of around €15.4 million”.

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