Werder balance sheet: Not poor, not rich - healthy

Werder continued their way of consolidation with economical sense in the past business year.
First Team
Tuesday, 25.11.2014 / 09:21

SV Werder presented their economic balance sheets Monday night as part of the annual member assembly in Bremen. The Sport-Verein „Werder" von 1899 e.V. underlined the fact that...


SV Werder presented their economic balance sheets Monday night as part of the annual member assembly in Bremen. The Sport-Verein „Werder" von 1899 e.V. underlined the fact that the club is based on a strong economic foundation with good conditions for the future. The independent SV Werder Bremen GmbH & Co KG aA, which is a 100 percent partner of the club, will continue the consolidation path that has been started.

The leadership of Sport-Verein "Werder" von 1899 e.V. under President Klaus-Dieter Fischer, Vice President Dr. Hubertus Hess-Grunewald and treasurer Axel Plaat presented the members with a nearly balanced balance sheet, with minor losses of 5,241 euros and consistent revenues of 3.7 million euros (3.8 million euros last year). The equity ratio was 94 percent with the equity of Sport-Vereins "Werder" von 1899 e.V. being 12.5 million euros.

The management of SV Werder Bremen GmbH & Co KG aA also presented the members Monday night its balance sheets for the past business year, which ended on 30 June 2014. The management saw an increase in total return for the 2013-14 season up to 91.3 million euros (87.9 million euros last year) and earnings after taxes of - 9.8 million euros.

Klaus Filbry, who presented the figures as management chairman, said: "We started a consolidation course with economic sense two years ago and are noticing the first effects. We have been able to establish SV Werder in a way that it can finance itself without international competition. We must continue the Werder way and consistently implement it."

The equity capital, which is mainly made up of revenue reserves from last year, was 6.7 million euros. About that Filbry said: "We are not poor and not rich. We are healthy and solvent. We have a positive equity ratio of 19 percent of the balance sheet total."

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