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.
