Novaturas Explained

Industry:tourism
Founded:1999
Hq Location Country:Lithuania
Key People:Kristijonas Kaikaris (CEO) https://www.delfi.lt/en/business/kaikaris-appointed-ceo-of-novaturas-95361337 https://rekvizitai.vz.lt/imone/novaturas/
Num Employees:155[1] (2024)
Website:http://www.novaturas.lt/

Novaturas is a Lithuanian travel and leisure company. The company is the largest tour operator in Baltics. Taking into consideration the organized chartered flights market in Baltics, the company owns about 40% of this market.[2] Novaturas works with more than 400 travel agencies in Poland.[3]

The company offers over 30 destinations worldwide.

The company is established in 1999.[4] In 2007, the company was taken over by the Polish company Central European Tour Operator.[5]

Since 2018, the company is listed in Nasdaq Vilnius.[5]

Almost 300,000 customers used the services of the Novaturo group in 2019.[6]

In 2020, the shares of Central European Tour Operator, the main shareholder that left Novaturo, were bought by three Estonian companies that jointly own 25% of the company's shares. In addition to the above-mentioned Estonian companies, 9.99% of the shares of the Novaturas Group are owned by ME Investicija, which controls Girteka Logistics, 9.49% by Ugnius Radvila, and 6.86% by Vidas Paliūnas and Rytis Šūmakaris.[7]

Notes and References

  1. https://rekvizitai.vz.lt/en/company/novaturas/number-of-employees/
  2. Web site: Novaturas Company — Nasdaq Baltic . nasdaqbaltic.com . 25 April 2021 . en.
  3. Web site: Apie mus - Novaturas . 2022-10-26 . www.novaturasgroup.com.
  4. Web site: ""Novaturas" – ant prekystalio". alfa.lt. . https://web.archive.org/web/20180412001313/https://www.alfa.lt/straipsnis/148634/Novaturas..ant.prekystalio=2007-08-31_10-13/ . 2018-04-12 .
  5. Web site: "Novaturas" iškeliavo. 2022-02-02. vz.lt. lt.
  6. Web site: Navakas . Naglis . "Novaturo" pelnas 2019 m. mažėjo 57% . 2022-10-26 . vz.lt . lt.
  7. Web site: Gapšys. Justinas. Naujais "Novaturo" akcininkais tapo estų turizmo, apgyvendinimo ir sporto bendrovės. 2022-02-02. vz.lt. lt.