1-Nov-2010 2:24 PM

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

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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More