Finnair Oyj Full Year 2024 Earnings: EPS Misses Expectations

Finnair Oyj (HEL:FIA1S) Full Year 2024 Results

Key Financial Results

• Revenue: €3.05b (up 1.6% from FY 2023).
• Net income: €37.0m (down 83% from FY 2023).
• Profit margin: 1.2% (down from 7.2% in FY 2023).
• EPS: €0.18 (down from €2.25 in FY 2023).

FIA1S Operational Performance

• Available seat kilometres (ASK): 38.26b (up 5.8% from FY 2023).
• Passenger load factor: 75.8% (down from 76.4% in FY 2023).
• Total aircraft: 56 (up by 1 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Finnair Oyj EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%.

The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of €1.35b (44% of total revenue). Notably, cost of sales worth €2.62b amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €329.6m (84% of total expenses). Explore how FIA1S's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe.

Performance of the market in Finland.

The company's shares are up 22% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Finnair Oyj you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.