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CORRECTION: Regarding the publication date of Novaturas audited annual report
Globenewswire· 2025-04-29 17:48
Company Overview - Novaturas Group is a tour operator with 25 years of experience, offering a wide range of travel destinations from the Baltic States [4] - In 2024, the company recorded revenues of EUR 201 million and served 239 thousand passengers in Lithuania, Latvia, and Estonia [4] Financial Reporting Updates - The publication date of the audited financial statement for 2024 has been rescheduled to June 12, 2025, due to extended audit and internal financial report preparation processes [1] - The delay is attributed to the reconciliation of balances with overseas suppliers and adjustments to required information [1] - During the 2023 audit, management initiated a reconciliation of balances with suppliers for prior periods, which contributed to the delay [2] - The 2023 financial statements included a qualification indicating that certain data may be subject to adjustments [2] Future Financial Statements - Prior period adjustments will not affect the 2024 results, and reconciliation processes for 2024 are proceeding smoothly [3] - Management aims to ensure the quality and accuracy of the 2024 financial statements, complying with all applicable requirements [3] - The goal is to eliminate the qualification related to prior periods in future reports [3]
Haman Group, one of The Largest Inbound Tour Operators in Scandinavia, Selects Flywire as its Exclusive International Payments Partner
Globenewswire· 2025-03-18 13:00
Core Insights - Haman Group has selected Flywire as the exclusive international payments partner for its brands Authentic Scandinavia and Authentic Europe, aiming to enhance payment experiences for international clients [1][4] - The partnership will streamline payment processing and reconciliation by integrating Flywire with Haman Group's booking system, addressing inefficiencies from the previous legacy payments system [3][6] Company Overview - Haman Group is one of the largest inbound tour operators in Scandinavia, offering a wide range of travel services backed by over 60 years of experience [2][9] - The company operates five travel brands: Haman Scandinavia, Cities+Tours, Terra Nova Scandinavia, Authentic Scandinavia, and Authentic Europe [2][10] Payment System Improvements - The previous manual invoicing system lacked transparency, leading to unexpected fees for clients, which Flywire aims to resolve through automated and digitized payment processes [3][6] - Flywire provides flexible, localized payment options, allowing guests to pay in their local currency with competitive exchange rates and 24/7 live support [4][6] Operational Efficiency - The integration with Flywire's system allows for automatic payment reminders and streamlined reconciliation, enabling Haman Group to focus more on enhancing travel experiences [4][6] - Flywire supports over 4,500 clients with diverse payment methods in more than 140 currencies across over 240 countries, showcasing its extensive capabilities in the payments sector [8]