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Finavia revenue down, operating profit up 6% in first nine months of 2010

1-Nov-2010 2:24 PM

Finland’s Finavia reports (27-Oct-2010) the following preliminary financial highlights for the nine months ended 30-Sep-2010:

  • Revenue: EUR231.8 million, -3.8% year-on-year;
  • Operating profit: EUR27.0 million, +5.9%;
  • Profit before tax: EUR38.3 million, n/a. [more]

Finavia: “The third quarter confirmed the notion that the industry is slowly recovering from the recession, which had hit it hard. From Finavia’s perspective, the road to the pre-recession level does not seem long, but on the other hand, the loss of revenues due to the price reductions makes the journey longer from the point of profitability. Efficiency measures and improved demand have nevertheless improved the group’s profit more than expected,” Company statement. Source: Finavia, 27-Oct-2010.