2011 Nordic World Championships earn $7.1 million profit

Thu, Jun  23, 2011 - By FIS

The Organizers of the FIS Nordic World Ski Championships 2011 in Oslo (NOR) announced last week that they were able to close their books highly successfully, producing a profit of 40 million NOK ($7.1 million, 5 million Euro / CHF 6.1 million) from the event.

"The main reason for the good result was the higher than expected ticket income. We maintained good control over our costs until the end, which helped deliver this successful financial result," said Oslo 2011 Chairman of the Board Svein Aaser.

The Oslo 2011 Organizers were able to sell tickets for 38 million NOK over budget. Aaser also stressed that Oslo 2011 was organized without governmental support. In effect, Oslo 2011 was set up as a joint company by the Norwegian Ski Federation and the Federation for the Promotion of Skiing (Skifoereningen) with starting capital of just 2 million NOK.

"Much could have gone wrong, with warm weather or rain or some global catastrophe," Aaser added. "We are very pleased that we had strong management and luck with many external influences."

The profit will be used to promote sport of Skiing in Norway, providing a healthy foundation for better and more World Cup events, among other things. Norway also already plans a bid for another FIS World Championship in the future.