The group of Novaturas, the leading tour operator in the Baltic countries, posted 129.5 million euros in revenue for January-August, a drop of 7 percent from 139.6 million euros a year ago.
In August alone, revenue remained broadly unchanged, at 18.8 million euros, compared to 18.9 million euros in the same period of 2023, and the group served 25,900 customers, a drop of 4 percent from 27,000, Novaturas reported on Friday.
“Group-wide, we have sold around 90 percent of this year’s program until the end of August. We succeeded in ensuring a stable load factor in summer,” Kristijonas Kaikaris, CEO of Novaturas, said in a press release.
As regards winter early bookings, Novaturas said that the sales grew by 27 percent in Lithuania and by 34 percent in Latvia this year, with only Estonia showing a decrease, which the company attributed to the general slowdown of the market due to the macroeconomic situation in that country.
The Novaturas Group’s annual revenue in the Baltic countries rose by 6 percent last year from 2022 to 208.3 million euros. It posted an annual profit of 3.6 million euros for 2023, reversing the 2022 loss of 0.7 million euros.
Source: BNS
(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)