Board of directors' report

Board of directors' 2006 Finavia group organization The deveploment of Finavia's business environment in 2006 Finavia's service objectives Finavia's environmental work Profit deveploment Financial effects of the separation of the flight safety authority Finavia group profit 2006 Finavia income distribution Capital investments 2006 Financing 2006 Personnel Changes in administration Operating risks and risk management Group structure and changes in the group relationships during the financial year Material events after the financial year and prospects for 2007 Income statement Balance sheet Cash flow statement Signatures of the financial statements and annual report Auditors' report

FINAVIA GROUP PROFIT 2006

The turnover of the Finavia Group in 2006 was EUR 285.6 million (EUR 258.6 million). Turnover increased 10.4 %. Group operating expenses stood at EUR 211.9 million (EUR 188.2 million), which was an increase of 12.6 % on the previous year. The Group profit was EUR 23.7 million (EUR 25.8 million), representing a decrease of EUR 2.1 million compared with the previous year. The change in the Group profit primarily resulted from Finavia’s profit and the reduction in other revenues from the business operations of the subsidiary companies.

Key figures for the Finavia Group

Key figures (EUR million)	2004	2005	2006
Turnover	246,0	258,6	285,6
- change %	7,2	5,1	10,4
Operating profit	18,5	30,2	27,4
- profit as % of turnover	7,5	11,7	9,6
Profit	13,9	25,8	23,7
- profit as % of turnover	5,7	10,0	8,3
Solvency ratio % (2)	67,6	67,7	66,7
Capital investments, euro	52,7	62,7	84,2
Number of personnel	2 105	2 129	2 182