HomeSportsBenfica SAD with a profit of 4.2 million euros after two years...

Benfica SAD with a profit of 4.2 million euros after two years of losses

Benfica SAD obtained a net result of 4.2 million euros in 2022/23, after two years in negative territory, with the increase in operating income and the result of athlete transactions, the entity announced on Thursday .

In the statement sent to the Portuguese Securities Market Commission (CMVM), SAD highlighted “the improvement of 39.2 million euros compared to the same period last year, influenced by the increase in operating income (excluding transactions of athletes’ rights) and for the improvement of the result with transactions of athletes’ rights”.

Operating income (excluding athletes’ rights transactions) reached 195.8 million euros, which is equivalent to a growth of 15.6% compared to the same period last year, corresponding to the highest value ever achieved by Benfica SAD, which it had already reached in the previous year. .

“This evolution is explained by the growth of revenues in the three segments (Media TV, Matchday and Commercial), with emphasis on the positive effect of sports performance in the Champions League”, underlined Benfica SAD.

The result with athletes’ rights transactions exceeded 63.7 million euros, which represents an improvement of 53.2% compared to the value of 41.6 million euros achieved in the same period last year.

“The main transactions that took place in the last two years are influenced by the fact that they refer to actors that represented high investments in the acquisition of the respective rights and to which commitments with third parties were associated,” stressed the ‘eagles’.

Operating income (including sportsmen’s rights transactions) reached 284.7 million euros, which represents an increase of 21.9% compared to the 233.5 million euros achieved in the same period, while operating expenses (excluding athlete rights transactions) amounted to 245.8 million euros, an increase of 1.3%.

The assets amounted to a value of 557.8 million euros, which represents an increase of 24.1 million euros compared to the end of the same period, corresponding to the eighth consecutive year in which the value of the assets has grown, while Liabilities are set at 444.6 million euros. , an increase of 19.9 million euros compared to June 30, 2022.

“The liabilities represent 79.7% of the assets, being a good indicator of the financial balance and the solidity of the company”, stressed Benfica SAD, whose net debt is 140.8 million euros, a reduction of 4, 3% compared to the end of the previous year. .

Net worth corresponds to 113.2 million euros, an interannual increase of 3.9% and close to the value of the Company’s share capital (115 million euros).

“Since June 30, 2013, Benfica SAD has managed to recover an accumulated value of 137 million euros from its assets”, stressed the ‘incarnated’ SAD.

Source: TSF

Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here