The leading tour operator in the Baltic States Novaturas Group, has started refunding for the trips that have been cancelled due to the pandemic in July. Up to date, the Company has refunded EUR 4.3 million group wide.
Virginijus Lepeška, an independent member, was elected as the chairman of the Board of the Company during the board meeting on Monday, August 24. The Board is elected for four years and consists of 5 members, of which 2 are independent.
The leading tour operator in the Baltic States Novaturas Group has agreed on a EUR 1 million long-term loan received under the Ministry of the Economy and Innovation of the Republic of Lithuania and state investment and business guarantee fund Invega. The Company intends to use it to refund cancelled trips due to pandemic.
The leading tour operator in the Baltic States Novaturas Group strengthens its relations with customers and takes over the core business of its subsidiary “Sofa Travel“. This decision enables the Company to centralize customer service processes, make them more efficient and improve customer experience. The process itself will not affect the clients.
Novaturas Group successfully started the beginning of 2020, but later on, with the global tourism industry faced the unprecedented impact of COVID-19. Due to the restrictions caused by the pandemic, the Company suspended its operations from mid-March to July, which had a negative impact on the financial results.
Due to the restrictions caused by the COVID-19 pandemic, Novaturas Group has suspended organized tours in June. At the same time last year, the Company's turnover amounted to EUR 16.6 million, the number of customers served amounted to 31.8 thousand.
According to the proposals submitted by the shareholders, the management structure has been changed by eliminating the Supervisory Board of the Company. The Company as of today has one collegial body - the Board, to which part of the supervisory functions would be delegated. The Board consist of 5 members, of which 2 are independent. The previous members of the Board form a team of the Company's top executives.
The shareholders have submitted a proposal to change the management structure of the Company by eliminating the Supervisory Board of the Company. This proposal will be discussed in the General Meeting of Shareholders to be held on the 30th of June. The company would have only one collegial body - the board, to which part of the supervisory functions would be delegated. The Board would consist of 5 members, of which at least 1/3 would be independent. The current members of the Board would form a team of the Company's top executives.
Today Novaturas Group in Lithuania has agreed on a EUR 5 million long-term loan received under the state investment and business guarantee fund Invega measure "Guarantees for portfolio loans". The Company intends to use it for the implementation of various liquidity measures and will also seek to start refunds for customers in Lithuania whose trips have been cancelled due to COVID-19 as soon as possible
Following the list of countries announced by the Ministry of Health of the Republic of Lithuania that are free from mandatory 14-day self-isolation after visiting them, we are renewing our charter flights to popular and already very well-known holiday destinations - Greece (Crete and Rhodes), Bulgaria. Flights to these countries are scheduled from the very first days of July. We hope that with the easing of restrictions, we will be able to offer our customers flights to more holiday destinations. Sightseeing trips to European countries are also planned to be renewed in the near future.
Adapting to the situation caused by COVID-19 and changes in the tourism industry, Novaturas Group introduces a new service - leisure holidays and sightseeing trips in Lithuania. As neighboring countries continue to ease restrictions, the Company also expects to offer travelers holidays in other Baltic states in the nearest future.
The first quarter of 2020 was marked by extraordinary circumstances for the entire tourism sector with the global travel business being affected by the COVID-19 virus. After successfully starting the year, Novaturas Group has faced the spread of the virus from mid-February, which affected the company's financial results.
Novaturas grupi käive ulatus 2020. aasta veebruaris 10,2 miljoni euroni ja oli viis protsenti suurem, kui eelmise aasta samal ajal. Jaanuari-veebruari kogukäive ulatus 18,9 miljoni euroni ehk oli üks protsent vähem kui 2019. aasta samal perioodil.
Reisikorralduse valdkonna eelmist aastat Baltimaades iseloomustab tugevnenud konkurents ja muutlikest ilmaoludest tingitud tavapärasest veidi erinev tarbijakäitumine. Need tingimused on mõjutanud kõiki turismiettevõtteid, sealhulgas Novaturas gruppi ja peegelduvad 2019. aasta esimese üheksa kuu majandustulemustes.
Baltimaade juhtiva reisikorraldaja Novaturas grupi Eesti tütarettevõte, Novatours OÜ võtab alates järgmisest aastast üle Aurinko Eesti talvehooaja reisiportfelli. Eesti üks tuntuimaid reisikorraldajaid - lennufirma Finnair tütarettevõte Aurinko teatas Eesti turult lahkumisest tänavu septembris.
Novaturas Group’s 9M 2019 financial results were affected by fierce competition coupled with softer demand for outbound trips due to hot summer weather in the Baltics. This precipitated oversupply on the marketplace, thereby affecting the profitability of tour operators. In turn, Novaturas expects to generate robust results in the 2019/2020 winter season. Early bookings for next year’s summer season also look promising.
Estonian Chamber of Commerce and Industry, promoting strong and business friendly environment in the country, yearly awards the most competitive and accomplished companies in different industries. Tour operator “Novatours” Estonia was named as the most competitive company in tourism industry.
The news of the collapse of British tour operator “Thomas Cook“ has brought some chaos and uncertainty among the travelers community and tourism companies. To reassure our clients, partners and investors we want to highlight that “Thomas Cook“ is not AB “Novaturas“ partner.
Every year an increasing number of injured birds and seals that have suffered from human activities are found along the coast of Baltic Sea. As well as more than 20 stray and exhausted seals pups. Affected animals are being treated at the Lithuanian sea museum, even though there are no specialized facilities for their treatment and rehabilitation. Tour operator “Novaturas” is starting a partnership with the Lithuanian sea museum and is launching a fundraising campaign to establish a modern Baltic sea animals rehabilitation center.
The end of the summer brings out nostalgic thoughts about already experienced holidays and inspires to think about the upcoming ones. Holiday planning is exciting and challenging at the same time - how to spend less and have a none the less quality vacations? One of the most effective ways to do so – purchase next year‘s vacations during early bookings.
This year Lithuanian business news portal „Verslo Žinios“ has introduced three Lithuanian business leaders ratings: “TOP 1000 Lithuanian companies“, “Lithuanian Business Leaders 500“ (LVL 500) and “Service Sector Leaders 2018“, where the biggest Lithuanian companies are ranked by certain criteria: business growth, operational efficiency, employee benefits, transparency, contribution to the development of the business community while sharing the expertise. AB “Novaturas“ is on all three leaderboards.
If you wish to support LTeam members from the tribunes of the world’s most important sports event and at the same time visit the land of the rising sun, you should start planning your trip now. AB “Novaturas” launches ticket sales for the 2020 Tokyo Olympics on Monday (the 12th of August 2019).
During the first half of 2019, in the increasingly competitive market environment, Novaturas Group managed to attract 1.9% more customers and increase its revenue by 3.8% compared to the first half of the previous year. However, the oversupply on the market, which has been lingering since 2018, affected the profitability of the Group, as well as the entire sector’s.
Novaturas Group recorded a 9.2% y/y growth in the number of clients served during the first quarter of 2019, strengthening its position as the leading tour operator in the Baltic states. In the increasingly competitive market environment, the Group managed to increase its revenue by 11.5% compared to the first quarter of the previous year.
The Warsaw Stock Exchange awarded Novaturas Group a special prize for last year’s dual-listing on the stock exchanges in Warsaw and Vilnius. The award was presented to Novaturas CEO Audronė Keinytė during the 2018 Stock Market Review Gala on 26 February 2019.
Novaturas Group’s revenue for 2018 reached almost EUR 182 million and was 29% higher than in 2017. Last year’s EBITDA amounted to EUR 8 million, compared to EUR 10.6 million a year earlier, and the consolidated net profit stood at EUR 5.4 million vs. EUR 8.2 million in 2017. The Group’s profitability was affected by abnormal weather conditions in all Baltic countries during the summer season and additional costs incurred in Q4 2018 related to the replacement of troubled Small Planet Airlines as the Group’s aviation partner in Lithuania.
This week Nasdaq has announced the winners of the “Nasdaq Baltic Awards 2019“. For the first time stakeholders were also honored for their contributions to the sustainable growth of the Baltic capital markets. The largest tour operator in the Baltics, “Novaturas”, has been awarded for its debut in the Baltic Main market in Lithuania.
A journey is probably the best gift for any occasion all year round. Therefore, as the most important holidays of the year are approaching, “Novaturas”, a leading tour operator in the Baltics, made sure that dream vacation gift would be easily accessible to everyone. The company started working with the largest ticket distributor in the country "Bilietai.lt". From now on “Novaturas” special gift vouchers for dream holidays are easy to get online.
Based on the information published by the competent civil aviation authorities, charter flights company „Small Planet Airlines“ proved to be unable to fulfill its contractual obligations, therefore AB „Novaturas“ is forced to use the plan "B".
Varssavi (WSE) ja Vilniuse Nasdaqi börsil noteeritud Baltimaade suurim reisikorraldaja Novaturas müügitulu kasvas 2018 aasta esimese üheksa kuuga 30 protsenti ehk 140,2 miljoni euroni. Selle perioodi jooksul kasutas Novaturas Grupi teenuseid 243 600 reisijat, mis on 32 protsenti rohkem võrreldes 2017 aasta sama ajaga, mil reisijate arv oli 233 500.
Selle aasta märtsist Varssavi (WSE) ja Vilniuse Nasdaqi börsil noteeritud reisikorraldaja Novaturas grupi (tegutseb Eestis ja Lätis Novatoursi nime all) müügitulu kasvas 2018 aasta esimeses pooles, võrreldes 2017 aasta sama ajaga, ligi 43 protsenti ehk 80,2 miljoni euroni, tugevdades sellega oma turuliidri positsiooni Baltikumis. Grupi EBITDA ulatus kuue kuu kokkuvõttes 5,9 miljoni euroni ja puhkaskasum üle 4,4 miljoni euro, kasvades aastaga vastavalt ligi 36 protsenti ja 24 protsenti.
Selle aasta märtsist Varssavi (WSE) ja Vilniuse Nasdaqi börsil noteeritud Baltimaade suurim reisikorraldaja Novaturas müügitulu kasvas 2018 aasta esimese kuue kuu jooksul võrreldes 2017 aasta esimese poolaastaga 43 protsenti ehk 80,2 miljoni euroni. Novaturas grupi teenuseid kasutas selle aasta esimesel poolel 134 500 reisihuvilist, mis on 42 protsenti rohkem kui eelmise aasta samal ajal.
Baltimaade juhtiva reisikorraldaja Novaturas gruppi suurim osanik Enterprise Investors andis Novaturasile üle auhinna „Kõige dünaamilisem äriühing Enterprise Investorsi portfellis“; Novaturas grupi peadirektor Linas Aldonis sai aasta juhi tunnustuse.
Novaturas, the largest tour operator in the Baltic states, listed on the Warsaw Stock Exchange and Nasdaq Vilnius since March this year, recorded 49% y/y growth in sales in the first quarter of 2018. The Group’s EBITDA reached EUR 1.3 million and net profit was over EUR 0.9 million, denoting in both instances growth by several times from the same period last year.
Balti riikide suurim reisikorraldaja Novaturas avalikustas aktsiate avaliku pakkumise prospekti ning teatas kavatsusest taotleda oma aktsiate kauplemisele võtmist nii Varssavi börsil (WSE) kui ka Vilniuse Nasdaqi börsil.
Leedu Keskpank kinnitas 23. veebruaril 2018 Baltimaade suurima reisikorraldaja Novaturase, mille aktsionärid kavatsevad korraldada aktsiate avaliku pakkumise ja taotleda oma aktsiate kauplemisele võtmist nii Varssavi börsil (WSE) kui ka Vilniuse Nasdaqi börsil, prospekti. Kinnitatud prospektist on teavitatud Poola finantsjärelevalve asutust ja Eesti Finantsinspektsiooni. Ettevõte avalikustab prospekti 26. veebruaril 2018.
Novatours grupi teatel on eeloleva suvehooaja reiside nõudlus varajaste
tellijate hulgas rekordkõrgusel.
Puhkusereiside populaarsuse kasvu näitab ka pühadeaegne reisijate arv -
paljud Baltimaade elanikest veetsid aastavahetuse puhkusereisil, olid
äsja reisilt koju jõudnud või planeerisid uut reisi.