Finavia Group EBITDA up 6% in 1H2016

Finavia Group revenue up 7% - financial highlights for six months ended 30-Jun-2016:

• Revenue: EUR91.9 million, +7.1% year-on-year;
• • Helsinki Airport: EUR52.5 million, +6.2%;
  • Airport network: EUR10.6 million, +4.2%;
  • Air navigation services: EUR16.6 million, -0.5%;
  • Airpro: EUR13.2 million, +13.0%;
• EBITDA: EUR28.8 million, +5.5%;
• Net profit: EUR9.0 million, -77.3%;
• Passenger numbers: 5.2 million, +2.0%;
• Total assets: EUR944.8 million;
• Cash and cash equivalents: EUR46.5 million;
• Total liabilities: EUR324.7 million. [more - original PR]

Finavia Group: "Traffic is expected to grow during the remaining months of the year and the total number of passengers in 2016 is expected to be higher than last year. However, there is strong variation in the development of passenger volume between different airports. Overall traffic development may be affected by potential security threats in popular travel destinations. The company expects revenues for 2016 to be clearly higher than last year, mainly due to the positive development of passenger volume. Operating profit excluding non-recurring items is expected to remain somewhat below the 2015 level, owing in particular to higher depreciation due to investments." Source: Company statement, 29-Aug-2016.