Locked content Novaturas Q2 net profit almost flat at €3.5 mln

WSE-listed Lithuanian tour operator Novaturas reported Q2 consolidated net profit of € 3.5 million compared to €3.4 mln y/y. Operating profit grew to €4.5 million from €3.9 million in Q2 2017. EBITDA increased to € 4.6 million from €4.1 million y/y. Q2 revenue rose to €54.4 million. In H1 Novaturas ...

Locked content Novaturas with 43% revenue growth in H1

WSE-listed Lithuanian tour operator Novaturas recorded a 43 percent y/y increase in revenues to €80.2 million in H1, 2018, the company said. In the first six months of the year, the company had as many as 134.5k customers, which is a 42 percent y/y growth. “As every year, we add new destinatio...

Locked content Novaturas sets issue price at €10.5

WSE-bound Lithuanian tour operator Novaturas set the issue price in its IPO at €10.5 or PLN 44.13 apiece and will offer 27 percent stake. Initially, the company set the maximum price at €13.5 and 50 percent stake with an option to sell another 16 percent if the investor’s interest was sufficie...

Locked content Novatours sets max IPO price at €13.5

WSE-bound Baltics tour operator Novaturas has set its maximum issue price for retail investors at €13.5 apiece. The price for institutional investors may be higher, the firm noted and will depend on the market conditions. Novaturas will sell up to 50 percent stake (3.9 million shares) and the offeri...

Locked content Novaturas to offer 50% stake in IPO

Lithuanian tour operator Novaturas confirmed its intention to be floated on the Warsaw Stock Exchange and on the Lithuanian Nasdaq and will offer 50 percent stake with an option to increase it to 66 percent if the demand is strong. “The offering will involve the company’s existing shares, which are ...

Locked content Novaturas mulls dual listing

Lithuanian tour operator Novaturas wants to be floated this year on the Warsaw Stock Exchange and on the Lithuanian Nasdaq, the company said in a market filing. “Novaturas is a leader on a very attractive tourist market in the Baltic countries, with a recognizable brand and a transparent and effecti...