Consolidation course going well

SV Werder Bremen announced the results of the past fiscal year at the member assembly.
First Team
Tuesday, 19.11.2013 / 08:45

SV Werder Bremen presented their financial benchmark data as part of the annual member assembly Monday evening. The Sport-Verein "Werder" von 1899 e.V. once again can look back on a very good fiscal year 2012-13...

SV Werder Bremen presented their financial benchmark data as part of the annual member assembly Monday evening. The Sport-Verein "Werder" von 1899 e.V. once again can look back on a very good fiscal year 2012-13. The separate SV Werder Bremen GmbH & Co KG aA, which is a 100 percent associate of the club, showed that the first stage of the on-going consolidation course has been successful.

The management of Sport-Vereins "Werder" von 1899 e.V. - under president Klaus-Dieter Fischer, vice president Dr. Hubertus Hess-Grunewald and treasurer Axel Plaat - presented profits of 241,000 euros (last year -348,000 euros) and an increase in revenue to 3.8 million euros (last year 3.5 million euros). That increased the equity ratio to 93 percent. The equity from Sport-Vereins "Werder" von 1899 e.V. was pushed up to 12.4 million euros. "Ten years after the spin-off of the capital company, these numbers prove that we turned this process into a success story. Werder is a community that can courageously and confidently take on the challenges of the future. The club is on excellent footing, we are very healthy. Werder supporters can be proud," said the president Fischer.

The management of SV Werder Bremen GmbH & Co KG aA also presented Monday evening their results from the past fiscal year ending 30 June 2013 to the club, which is a 100 percent associate of the capital company. The management noted total yields of 87.9 million euros for the 2012-13 season and a supplementary tax result of -7.9 million euros (last year -13.9 million euros).

Klaus Filbry, who presented the figures for the first time as chairman of management, said of the results: "Last year we promised the members a consolidation course with a sense of proportion and now we are showing that the first step is taken. We are on the right path, even though we have to continue to work really hard. Our positive equity resources allow us to compensate the deficit from the last fiscal year with our own means."

The equity, which essentially is made up of the retained earnings from last year, amounts to 16.5 million euros. "This correlates to a very good equity ratio of 35.6 percent of the balance sheet totals. The company is healthy and still has a high liquidity which among other things makes it possible to finance transfers from our own means," said Filbry.

The focus of the Green-Whites remains the continued reconstruction of the Bundesliga squad without losing sight of their sporting goals. "On the one hand we rigorously reduced the cost of the squad and at the same time invested in the sporting quality of the team. Our challenge is to step by step adjust our spending to our earnings while making sure that we remain successful," added Filbry.

Werder's manager for sports, Thomas Eichin, described how the rebuilding of the club had already showed its first signs of success. "We dared a new sports beginning under difficult conditions and want to continue it. We are relying on specific reinforcements and our own talents. The results of the current season confirm that we are on a good path," said Eichin.

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