Celtic release emphatic stock exchange update with revenue ‘significantly higher market expectations’

CELTIC have released an emphatic message to shareholders on the stock exchange crediting the return of fans and on-field success for “significantly higher” revenue.

Parkhead bosses shared a message on the London Stock Exchange explaining full-year results for the year ending 30 June 2022 will see an increase in revenue in comparison to market expectations.

The statement hailed the results on the park with Celtic picking up the Premier Sports Cup and Scottish Premiership title as well as referencing the return of full capacity crowds.

And due to the market expectations being drawn up during the Covid-19 pandemic, the real figures are expected to dwarf the “understandably more cautious” outlook.

However, the statement also warned player trading will influence the financial performance and with the transfer window open figures are subject to change.

The club will publish the full financial run-down in mid-September following the close of the transfer market.

The stock exchange message read: “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.”

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