AIK Fotboll (AIK) Q4 2024 earnings summary

Executive summary

• Revenue reached a record 289.5 MSEK for 2024, up 49.4 MSEK year-over-year, driven by strong player sales and increased match/event income.

• Net loss after tax improved to -4.2 MSEK from -21.0 MSEK year-over-year, with significant cost reductions and a positive transfer net.

• Both men's and women's teams met sporting goals; men's team finished third in Allsvenskan, qualifying for European play.

• Average home attendance set an all-time Swedish league record at 28,589 per match.

• Club implemented a cost-reduction program and organizational restructuring to improve financial stability.

Financial highlights

• Operating income for 2024 was -6.8 MSEK, a 21.0 MSEK improvement year-over-year.

• Transfer net for the year was 70.0 MSEK, up from 49.5 MSEK, reflecting strong player sales.

• Cash flow for the year was 8.9 MSEK, a turnaround from -25.9 MSEK in 2023.

• Equity at year-end was 61.0 MSEK, above the club's minimum target.

• Earnings per share improved to -0.19 SEK from -0.96 SEK year-over-year.

Outlook and guidance

• Club expects further financial improvement in 2025, targeting increased profitability, reduced operating deficit, and stronger equity and liquidity.

• Participation in European competition in 2025/2026 is anticipated to boost revenues.

• Continued focus on cost control and commercial revenue growth.