Novaturas Group’s financial results under influence of Covid-19 epidemic

WSE-listed tour-operator Novaturas recorded revenues of €23.36 million in the first quarter of 2020, or 18.9 percent less y/y. The net loss reached € 0.35 million.

After a successful start to the year, from mid-February, the Novaturas Group had to face the spread of the virus, which affected its financial results. At the end of February, the company suspended flights to Italian ski resorts, and in March, after the introduction of restrictions on the isolation of citizens by governments and…