STT: Finnair and Noho Partners executives see income increases during the pandemic

Topi MannerThe income of Finnair’s CEO rose by about 25 per cent during the period described as the biggest peacetime crisis in aviation history, according to information published by the Tax Administration on Wednesday. The mainland reports taxable earnings and capital income in 2020 totaling EUR 1.3 million, which is approximately EUR 265,000 more than a year earlier.

According to STT, the increase was due to higher earned income.

The Finnish state-owned airline ceased operations almost completely at the start of the pandemic and resorted to extensive temporary layoffs last year.

Rolf JanssonVR’s CEO, on the other hand, reports a drop in earnings of a few per cent to around EUR 600,000.

Aku Vikström The taxable income of Noho Partners, one of Finland’s largest restaurant groups, amounted to more than EUR 495,000, which is a jump of EUR 125,000 from the previous year, despite the downtime caused by restrictions on restaurant operations.

Criticizing the country’s loudest restrictions, Noho Partners carried out extensive layoffs and made an operating loss of around € 25 million in 2020. It has not yet received financial support from the central government. , although its application for compensation for closure is still pending with the State Treasury.

Jaana KorholaThe income of the CEO of Compass Group Finland increased by 40 percent from a year ago to approximately EUR 333,000. Bianca Brink Sodexo’s revenue, on the other hand, fell by about 33 percent to EUR 211,000.

Both Sodexo and Compass Group Finland have received cost subsidies of approximately EUR 1.6–1.8 million during the pandemic.

CEO of Lapland Hotels, Ari Vuorentausta, reported annual revenues of € 195,000, up more than € 40,000 from the previous year. Maarit Aho Santa Hotels’ revenue halved from EUR 208,000 to EUR 116,000. Jari Annala Sokotel saw his stay roughly unchanged at 453,000 euros.

Each hotel group has received cost subsidies of EUR 1.2-1.8 million during the pandemic.

Aleksi Teivainen – HT

Source: The Nordic Page


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