Schalke Turnover Up For First Half Of 2013

[Folami David]

Bundesliga club Schalke 04's turnover rose by 10 percent to more than €85 million for the first half of 2013 compared to the same period in 2012 boosted by sponsor revenues, transfers and broadcasting rights, they said on Friday.
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Schalke, who have reached the Champions League group stage for a second consecutive season for the first time, said turnover was at €85.8 million compared to 77.8 million in the first half of 2012.
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With results for the second half of the year usually better than in the first, Schalke said they expected earnings before interest, tax, depreciation and amortisation (EBITDA) for the whole of 2013 to be "at the mid double-digit in millions."
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For the first six months of 2013 EBITDA more than doubled at €13.2 million compared to €5.9 million in 2012.
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Schalke finished fourth in the league last season and advanced to the Champions League group stage through a playoff against Greece's PAOK.