On Friday, CFO Oliver Frankenbach announced Eintracht Frankfurt Fußball AG’s latest financial figures at a press conference.
Record turnover – back in the black
Across the 2022/23 season Eintracht generated a record turnover of €310.2 million, beating the €278.1 million earned in 2019/20.
Following the 2020/21 and 2021/22 campaigns that were significantly affected by the Covid-19 pandemic, a post-tax profit of €17.6 million was recorded (this figure was €18.6 million in 2019/20, a club best).
Eintracht Frankfurt played a total of 23 home games at Deutsche Bank Park last season: 17 in the Bundesliga, four in the UEFA Champions League and two in the DFB Cup. Ticket and hospitality revenues from home matches amounted to €53.9 million, an increase of 72.6 per cent compared to the previous campaign (2021/22), when 17 of the team’s 23 home matches were played with a limited capacity. Ticketing and hospitality accounted for 17 per cent of total revenue.
Revenue from the sale of media rights came to €140.5 million following the team’s participation in the Champions League and run to the DFB Cup final – an increase of €31.6 million compared to the previous season.
Considerable sales growth was also achieved in marketing, where turnover increased from €38.2 million to €42.9 million (+12.3 per cent). Merchandising turnover increased from €17.6 million to a record €23.2 million – an increase of 31.8 per cent compared to the 2021/22 season.
Other revenue increased from €17.4 million to €33.9 million (+ 94.8 per cent). This can be attributed to the first season without Covid-19 restrictions as well as an increase in turnover of the subsidiary companies, in particular Eintracht Frankfurt Stadion GmbH.
Overview of 2022/23 turnover:
- Media rights (€140.5 million/45 per cent)
- Spectators (€53.9 million/17 per cent)
- Advertising (€42.9 million/14 per cent)
- Other (€33.9/11 per cent)
- Merchandising (€23.2/8 per cent)
- Transfers (€15.8/5 per cent)
Equity increases, debt decreases
Equity increased from €7.1 million to €24.7 million as a result of the profit; the equity ratio consequently rose from 4.9 per cent to 16 per cent.
The successful year was also used to reduce debt from €62.9 million to €48.6 million and the debt ratio from 43.5 per cent to 31.6 per cent.
