AIK Fotboll (AIK) Q3 2024 earnings summary

Executive summary

• Achieved significant improvement in operating and net results for Q3 2024 compared to Q3 2023, with strong transfer activity, cost control, and a new head coach appointed for the men's team in July 2024.

• Revenue for Q3 2024 increased by 12.0 MSEK to 82.7 MSEK, driven by higher match/event, sponsorship, and player sales income.

• Operating profit rose to 7.0 MSEK from 0.3 MSEK year-over-year, with a positive transfer net and improved underlying operations.

• Net income for Q3 was 5.3 MSEK, up from 1.5 MSEK last year; EPS at 0.24 SEK (0.07).

• Cash flow for Q3 2024 was +26.0 MSEK (vs. -7.3 MSEK in Q3 2023); nine-month cash flow improved by 45.5 MSEK year-over-year.

Financial highlights

• Q3 2024 revenue reached 82.7 MSEK, up 12.0 MSEK year-over-year; nine-month revenue at 214.2 MSEK, up 17.1 MSEK.

• Match and event revenue reached 29.1 MSEK in Q3, with record season ticket sales of 35.3 MSEK.

• Player sales contributed 24.3 MSEK in Q3 and 58.1 MSEK YTD, with several key transfers completed.

• Cash position at period end was 36.5 MSEK, up from 16.9 MSEK a year earlier.

• Equity at period end was 55.7 MSEK, down from 91.6 MSEK a year earlier.

Outlook and guidance

• Men's team positioned 3rd in Allsvenskan after 29 rounds, with potential for UEFA Europa Conference League qualification.

• Women's team in 12th place in OBOS Damallsvenskan, facing qualification matches for next season.

• Cost reduction program underway, targeting personnel, operations, and player squad to improve operating results in coming quarters.

• Focus remains on reducing operating deficit, strengthening equity, and building liquidity.

• Men’s team is in position for European qualification; record attendance trends expected to continue.