Celtic revenue ‘significantly’ above expectations

Celtic plc said on Wednesday that its revenue for the year ended June 30, 2022, will be “significantly higher than market expectations.”

In a short stock exchange statement, Celtic said: “Celtic has enjoyed a strong on pitch performance in the 2021/2022 football season and has returned to full capacity spectator attendance following the loosening of the Covid-19 restrictions.

“This means that revenue for the year ended 30 June 2022 will be significantly higher than market expectations, which were formed at a time when the outlook was understandably more cautious as result of the Covid-19 pandemic.

Player registration valuations and player trading can and often do materially influence Celtic’s financial performance in addition to revenue.

“In this context the Summer transfer window is now open and the club intends publish its results for the year ended 30 June 2022  in mid-September 2022 following the closure of the transfer window and in line with its previously recognised timetable.”