AIK Fotboll (AIK) Q3 2024 earnings summary

Executive summary

• 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 the quarter was 26.0 MSEK, a significant improvement from -7.3 MSEK in Q3 2023.

• Year-to-date, revenue grew by 17.1 MSEK to 214.2 MSEK, but operating profit fell to -12.8 MSEK due to lower transfer net and higher costs.

Financial highlights

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

• Sponsorship and advertising income rose to 15.0 MSEK in Q3 and 39.5 MSEK YTD.

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

• Souvenir sales increased to 7.6 MSEK in Q3 and 22.0 MSEK YTD.

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

Outlook and guidance

• 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.