Novaturas announces its half-year results: losses reduced threefold, profitability expected for second half

Baltic tour operator Novaturas generated EUR 74 million in revenue in the first half of the year, according to unaudited results. Compared to H1 2024, revenue declined by 19%, mainly due to a streamlined travel program. This strategy, introduced to address last year’s market oversupply, is already delivering results: net losses decreased from EUR 2.28 million to EUR 791 thousand. The company expects to operate profitably in the second half of the year, which should improve the overall annual result. “The fi ...