HIFK reports over 200,000 euro loss in latest fiscal year

Helsinki-based ice hockey club HIFK's parent company, Oy HIFK-Hockey Ab, announced a financial loss of 232,000 euros for its most recent fiscal year. This deficit amounted to approximately 1.2% of the group's total turnover, which stood at 18.7 million euros.

The club attributed the financial downturn to several factors. The number of events held at the Helsinki Ice Hall decreased, and the team's playoff run was cut short. "Sportingly, the season was complicated by an exceptionally high number of injuries, which led to higher-than-planned player costs due to strengthening the team," the company stated.

Despite these challenges, certain aspects of the business performed well. Strong ticket sales during the regular season, improved profitability in catering operations, and increased sales from corporate partners provided support for the business. This fiscal year marked the beginning of HIFK's new strategic period, which spans from 2025 to 2029.

In other news, the company announced a change in its board of directors. Eduard Paulig, who has experience in the food industry and finance, will join the board, replacing Robin Bade. The board members re-elected were Jaakko Eskola (chairman), Harri Tuohimaa, Gustaf Björnberg, Saku Tuominen, Anu Waaralinna, and Aku Vikström. The SM-liiga regular season is set to begin on September 1, with HIFK opening their campaign at home against HPK on September 4.

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Sportingly, the season was complicated by an exceptionally high number of injuries, which led to higher-than-planned player costs due to strengthening the team.