CONTACT INFORMATION Finnair Plc Helsinki-Vantaa Airport Tietotie 11 A FI-01053 FINNAIR Switchboard +358 9 818 81 www.finnair.com www.finnair.com/group Senior Vice President Communications Christer Haglund Telephone +358 9 818 4007 Fax +358 9 818 4092 christer.haglund@finnair.com 2006 Senior Vice President and CFO Lasse Heinonen Telephone +358 9 818 4950 Fax +358 9 818 4092 lasse.heinonen@finnair.com Director, Investor Relations Taneli Hassinen Telephone +358 9 818 4976 Fax +358 9 818 4092 taneli.hassinen@finnair.com Investor Relations Telephone +358 9 818 4951 Fax +358 9 818 4092 investor.relations@finnair.com
The 2006 annual report is intended to be a travel guide into the world of Finnair . We are a reliable airline, we have a comprehensive route network and we provide fi rst class service. Our customers are satisfi ed. We realised in time the growth potential of Asian traffi c and got down to work in the company. We could tell people how good our connections are via Helsinki from Europe to Asia and vice versa. A map of Asia and new aircraft. This is good material for a travel guide. Shall we continue with these themes? Christer Haglund, SVP Communications and Jukka Hienonen, President and CEO
Indeed. We have already achieved our vision “Best in Northern Skies, European Excellence”. Now we will empha- sise our role in traffi c between Europe and Asia. CONTENTS Information for Shareholders .......................................4 Key Figures 2006 .........................................................4 Absolutely. We have a story Invest in Finnair ...........................................................6 of strong growth to tell. Traffj c Information and Fleet ........................................7 We must remember to mention that we are in strong shape Review by the President & CEO .....................................9 fi nancially, as we start to On Finnish Wings to the Ends of the Earth .................10 invest in a new Asian fl eet. Europe’s Fastest Link to India .....................................13 The Welcoming Warmth of Thailand ..........................15 Nagoya – A Third Destination in Japan ........................17 2006 Daily to Exhilarating Shanghai ....................................19 Finnair’s Success Factors............................................20 Finnair and Society ...................................................22 Let’s do that. I, for one, Scheduled Passenger Traffj c ........................................24 have complete faith in this. Leisure Traffj c ............................................................25 Travel Services ...........................................................26 Aviation Services ........................................................27 Board of Directors and Auditors.................................28 Group Management ..................................................30 The Financial Report 2006 is published separately
INFORMATION FOR SHAREHOLDERS The Annual General Meeting of Finnair Plc will be Depository Ltd, or who are holders of nominee-reg- FINANCIAL INFORMATION CHANGES OF ADDRESS held on 22 March 2007 at 3 pm at the Helsinki Fair istered shares and who on 12 March 2007 are tem- In the fjnancial year 2007, interim reports will be pub- Shareholders are kindly requested to notify any Centre, Messuaukio 1, Congress Wing Entrance, porarily entered in the register of shareholders in lished in Finnish, Swedish and English: changes of address to the custodian of their book- Hall C1. the manner specifjed in Chapter 4 Article 2 of the Q1 (1 January – 31 March 2007) 4 May 2007 at 9 am entry account. Companies Act, are entitled to attend the AGM. Q2 (1 January – 30 June 2007) 9 August 2007 at 9 am Notice of attendance at the Annual General Meet- Shareholders whose shares have not been trans- Q3 (1 January – 30 September 2007) 1 November 2007 ing (AGM) must be given at the latest by 4 pm on 20 ferred to the book-entry system are not entitled to at 9 am March 2007. Notice of attendance can be given by post attend the AGM. to the address Finnair Plc, Share Register HEL-AAC/5, ORDERING THE ANNUAL REPORT BOARD OF DIRECTORS’ PROPOSAL FI-01053 FINNAIR, by fax to +358 9 818 1662, by The Annual Report 2006 will be published in print telephone from Monday to Friday 9 am–4 pm to ON THE DIVIDEND in Finnish, Swedish and English in week 9. Orders: +358 9 818 7637, or by e-mail to yhtiokokous@fjnnair.fj. According to the fjnancial statements on 31 Decem- tel. +358 9 818 4904, fax. +358 9 818 4401, e-mail: Letters, faxes or e-mails regarding notice of attend- ber 2006, the distributable equity of Finnair Plc post@fjnnair.fj ance must have arrived before the period of notice amounts to 270.8 million euros. The Board of of attendance ends. Directors proposes to the Annual General Meet- ing that a dividend of 0.10 euros per share be dis- ELECTRONIC ANNUAL REPORT Shareholders who are entered at the latest by 12 tributed, a total of 8.9 million euros, and that the The electronic Annual Report will be published on March 2007 in the Company’s register of share- remainder of the distributable equity be carried the internet in Finnish, Swedish and English at the holders maintained by the Finnish Central Securities over as retained earnings. address www.fjnnair.com/2006. KEY FIGURES 2006 FINNAIR GROUP KEY FIGURES 2006 2005 2004 2003 2002 Net sales EUR million 1,990 1,871 1,683 1,558 1,656 Operating profjt (adjusted), EBIT* EUR million 11 70 25 -41 24 Operating profjt (adjusted)*, % turnover % 0.6 3.7 1.5 -2.6 1.5 Operating profjt, EBIT EUR million -11 82 31 -19 60 Result before taxes EUR million -15 88 31 -22 54 Unit revenues on fmight operations cents/RTK 74.0 73.7 71.0 80.1 88.1 Unit costs on fmight operations cents/ATK 46.1 45.3 50.7 58.7 63.1 Earnings per share EUR -0.16 0.73 0.30 -0.19 0.43 Equity per share EUR 6.77 7.73 6.97 7.24 7.58 Gross investment EUR million 252 58 115 82 102 Interest-bearing net debt EUR million 43 -155 -24 -18 20 Equity ratio % 37.2 42.2 40.2 44.4 44.3 Gearing % 7.1 -25.1 -3.1 -2.9 3.1 Adjusted gearing % 112.8 66.8 102.5 102.7 82.0 Return on capital employed (ROCE) % -0.1 11.1 6.1 0.0 7.6 Average number of employees 9,598 9,447 9,522 9,981 10,476 * excluding capital gains, arrangement expenses and changes in fair value of derivatives
5 Key F i g u r e s 2 0 0 6 TURNOVER ADJUSTED EBIT* RESULT BEFORE TAXES % of turnover EUR mill. EUR mill. EUR mill. % 100 2,000 100 5 80 4 80 1,600 60 3 60 40 2 1,200 40 20 1 20 800 0 0 0 -20 -1 400 -20 -40 -2 00 -40 -60 -3 02 03 04 05 06 02 03 04 05 06 02 03 04 05 06 * excluding capital gains, fair value changes of derivatives and arrangement expenses RETURN ON CAPITAL EMPLOYED UNIT REVENUES AND COSTS ADJUSTED GEARING Change Unit revenues, c/RTK % % % Unit costs, c/ATK 4 12 120 2 10 100 0 -2 8 80 -4 6 -6 60 4 -8 40 -10 2 -12 20 0 -14 -2 -16 0 02 03 04 05 06 02 03 04 05 06 02 03 04 05 06 REVENUE TONNE KILOMETRES NUMBER OF PASSENGERS PASSENGER LOAD FACTOR mill. International International passengers mill. tnkm Domestic Domestic % PVG = Shanghai, Pudong Airport 2,500 9 80 8 75 AY057 = Finnair fmight number 2,000 7 6 70 PNR = booking reference 1,500 5 65 4 1,000 TAG:3105717966 = baggage tag number 3 60 2 500 55 PRT:0892 = tells which printer has 1 printed the tag 0 0 50 02 03 04 05 06 02 03 04 05 06 02 03 04 05 06
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