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Finnair Oyj (GB:0EG8)
:0EG8
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
0.26Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -9.06%
|Next Earnings Date:Jul 17, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong growth in ancillary and cargo revenues and effective cost management standing out positively. However, challenges such as declining ticket prices, reduced passenger revenue, and lower load factors dampened the overall performance. The company's commitment to sustainability and customer experience improvements were positive, but these were countered by operational challenges and market pressures.Company Guidance
During the Finnair Third Quarter 2024 Earnings Call, the company provided detailed guidance on various financial metrics despite challenges such as a decrease in unit revenue. The guidance for the fiscal year includes expectations for capacity growth measured by Available Seat Kilometers (ASK) to rise by about 10%, with revenue projected between €3.0 billion and €3.2 billion. The range for comparable EBIT has been narrowed to between €120 million and €170 million. Passenger numbers increased by 9%, matching the capacity increase, but a 9% drop in ticket prices led to an 8% decline in Revenue per Available Seat Kilometer (RASK). Ancillary and cargo revenues grew significantly by 26% and 28%, respectively, helping to offset the passenger revenue decrease. The overall load factor dropped slightly by 1.5 percentage points to 79.5%, and on-time performance was 77%. Financially, the company reduced its interest-bearing debt by €300 million and improved its cash funds, maintaining a robust funding position with a €200 million revolving credit facility. Finnair continues to implement strategic changes, including target setting for emission intensity reduction and network adjustments, while enhancing customer experience and increasing their Net Promoter Score to 40.Passenger and Capacity Growth
The number of passengers increased by 9%, which was aligned with the capacity increase.
Strong Ancillary and Cargo Revenue Growth
Ancillary revenue grew by 26% and cargo revenue by 28%, driven by e-commerce shipments from Asia to the U.S. and Europe.
Improved Cost Management
Unit costs increased slower due to good cost management, with CASK 5.3 percentage points below last year.
Positive Cash Flow and Debt Reduction
Operating cash flow was €4 million above last year, and the company reduced interest-bearing debt by €300 million.
Enhanced Customer Experience
Net Promoter Score increased to 40, supported by wide-body cabin renewal and the launch of a new Schengen lounge.
Science-Based Emission Targets
Finnair's emission reduction targets were validated, aiming for a 34.5% reduction in emission intensity by 2033.
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GB:0EG8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0EG8 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | €2.54 | €2.35 | -7.48% |
| Jul 19, 2024 | €2.63 | €2.37 | -9.89% |
| Apr 23, 2024 | €3.08 | €2.95 | -4.22% |
| Feb 14, 2024 | €3.51 | €3.16 | -9.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Finnair Oyj (GB:0EG8) report earnings?
Finnair Oyj (GB:0EG8) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Finnair Oyj (GB:0EG8) earnings time?
Finnair Oyj (GB:0EG8) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Finnair Oyj stock?
The P/E ratio of Finnair Oyj is N/A.
What is GB:0EG8 EPS forecast?
GB:0EG8 EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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