The board of directors approved consolidated financial statements for the year ended 30 June 2024 | OneFootball

Approval of the consolidated financial statements for the year ended 30 June 2024, showing a loss of € 199.2 million (€ 123.7 million as at 30 June 2023), heavily influenced by the men’s First Team's non-participation in UEFA competitions, as well as by certain non-recurring costs

In the 2024/2025 sporting season, Juventus will participate in five competitions (Serie A, Coppa Italia, Supercoppa Italiana, UEFA Champions League and FIFA Club World Cup), with a positive impact on revenues

Significant reduction in net financial debt due to the completion of the share capital increase and proceeds deriving from the assignment without recourse of receivables from foreign football clubs, which more than offset the loss of income relating to the non-participation in UEFA competitions

Economic and financial objectives of the 2024/2025 - 2026/2027 Strategic Plan approved by the Board of Directors in October 2023 confirmed. Assuming sports performances consistent with those envisaged in the Plan and without non-recurring events:

the operating result and cash flow are expected to be in the break-even range in the 2024/2025 financial year, due to the normalisation of revenues (also thanks to the return to participation in the UEFA Champions League) and the growing positive impact arising from actions of cost rationalisation

envisaged a gradual improvement in the economic and financial performance over the period of the Plan, with the achievement of a positive net result and cash flow in the 2026/2027 financial year

The Board of Directors decided to submit for approval to the Shareholders' Meeting a long-term variable incentive plan (LTI) related to economic, financial, and ESG objectives and Juventus stock performance, as well as the proposal to authorise the purchase and disposal of treasury shares

Update of the pro-forma consolidated profit and loss statement and statement of financial position of the Company for the financial years ended 30 June 2024 and 2023 to reflect the residual economic, equity and financial effects of Consob Resolution no. 22858 of 25 October 2023 pursuant to art. 154-ter, paragraph 7, of the Consolidated Finance Act

The Ordinary and Extraordinary Shareholders' Meeting will be held on 7 November 2024 at the Allianz Stadium

Approval of the draft financial statements and consolidated financial statements as at 30 June 2024. Update of the pro-forma financial information to reflect the effects of Consob resolution no. 22858 dated 25 October 2023