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Finavia Business Review January–June 2022

Press release
Article published
31.8.2022 at 09:02
Kuva ikkunoista ja puisesta seinästä
Finavia’s revenues increased by 181.8% during the review period and amounted to EUR 134.2 million (47.6) due to substantial growth in the number of passengers and flights. The operating margin before extraordinary items improved by 171.3% and came to EUR 18.7 million (-26.2).

The operating profit before extraordinary items was EUR -39.4 million (-77.2), an increase of 48.9%.

Revenues from business operations at Helsinki Airport increased by 186.4% and amounted to EUR 87.5 million. Operating profit was EUR -24.8 million.

Revenues from Finavia’s network airports increased by 86.9% and came to EUR 26.1 million. Operating profit was EUR -17.6 million.

Airpro’s revenues totalled EUR 33.4 million and operating profit was EUR -1.0 million.

Finavia launched a cost-cutting programme in June 2020 with the aim of reducing operating expenses by EUR 200 million and investments by EUR 100 million by the end of 2023. By the end of June, savings of EUR 179 million had been achieved in operating expenses and EUR 51 million in investments. The cost-cutting programme progressed on schedule.

Revenues and operating profit by business area in January–June 2019–2022

Revenue

Q1–Q2/ 2022

Q1–Q2/ 2021

Q1–Q2/ 2020

Q1–Q2/ 2019

Helsinki Airport, EUR million

87.5

30.6

65.8

135.2

Airport network, EUR million

26.1

13.9

23.7

36.0

Airpro, EUR million

33.4

8.4

21.4

39.4

Other/eliminations, EUR million

-12.8

-5.3

-8.8

-14.9

Group total, EUR million

134.2

47.6

102.1

195.7

Operating profit

Q1–Q2/ 2022

Q1–Q2/ 2021

Q1–Q2/ 2020

Q1–Q2/ 2019

Helsinki Airport, EUR million

-24.8

-53.6

-31.5

29.0

Airport network, EUR million

-17.6

-21.6

-15.8

-7.5

Airpro, EUR million

-1.0

-4.1

-2.7

2.8

Other/eliminations, EUR million

4.0

2.0

2.0

1.0

Group total, EUR million

-39.4

-77.2

-48.0

25.3

Finavia’s business review January-June 2022 is available on Finavia’s web site.

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