Finnair strategy review: Growth path continues
Finnair Plc Investor news 22 June 2017 at 09:05 am EET
In conjunction with its annual strategy review, Finnair's Board of Directors has reviewed the company's performance and targets. The Board confirms the company’s progress towards meeting set targets in its four focus areas: growth, customer experience, people experience and transformation.
Finnair expects to reach the target of doubling its Asian traffic from the level of 2010 in 2018, two years earlier than the previous target of 2020. Finnair continues to focus on customer experience and aims to nearly double its 2016 ancillary revenues by 2020. Finnair has set a new goal of increasing the annual number of passengers carried to 20 million by 2030, with a focus on Asian traffic.
Finnair’s long-term financial objectives remain unchanged as follows:
- Comparable EBIT margin at least 6% and comparable EBITDAR margin at least 17% over cycle
- Adjusted gearing below 175%, and
- Return on Capital Employed (ROCE) at least 7%.
Finnair communications, 358 9 818 4020, email@example.com
NASDAQ OMX Helsinki