Significant revenue increase across Finavia’s network

Finavia’s revenues increased by 181.8 per cent during the review period and amounted to €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 per cent and came to €18.7 million (-26.2).

The operating profit before extraordinary items was €-39.4 million (-77.2), an increase of 48.9 per cent.

Revenues from business operations at Helsinki Airport (HEL) increased by 186.4 per cent and amounted to €87.5 million. Operating profit was €-24.8 million.

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

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

Finavia launched a cost-cutting programme in June 2020 with the aim of reducing operating expenses by €200 million and investments by €100 million by the end of 2023. By the end of June 2022, savings of €179 million had been achieved in operating expenses and €51 million in investments. The cost-cutting programme progressed on schedule.

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