This February, Novaturas Group, the leader in the Baltic tourism market, recorded revenues of EUR 12.8 million, which is up 36 per cent compared to EUR 9.4 million in February 2022. This February, the company served around 12.2 thousand customers, which is an increase of 6.4 per cent, or 0.7 thousand passengers, compared to the same period last year.
Novaturas Group, the largest tour operator in the Baltic States, announces changes in its management team. On 13 March, Vygantas Reifonas, who has many years of experience in this field, takes up the position of Chief Financial Officer (CFO) and joins the company’s management board. Arūnas Žilys, who has held this position until now, takes over the Head of Analytics of the Group in order to strengthen data integration in company’s operations and implement advanced pricing solutions.
2022 was a year of managed challenges for Novaturas Group, the leader in the Baltic Tourism market. Its ambitious goals at the start of the year were adjusted by the war in Ukraine and the resulting slowdown in travel demand, as well as the drastic rise in jet fuel prices, which led to a temporary loss. However, timely and targeted decisions helped to significantly improve the performance in the second half-year.