Juventus posts 199 million euro FY loss, sees operating breakeven at hand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
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Should l Buy ?
Source: Yahoo Finance
Juventus Financial Losses: Juventus reported a loss of 199.2 million euros for the financial year ending June, an increase from the previous year's loss of 124 million euros, primarily due to a 22% drop in revenue linked to a ban from European competitions.
Future Financial Outlook: The club anticipates breaking even at the operating level in the current financial year and aims to return to net profit by the 2026-2027 financial year, supported by cost-cutting measures and a potential return to the Champions League.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
