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Thursday, 25.04.2024, 02:02
Novaturas raises 2017 revenue by 40%
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The company's consolidated net profit increased by a factor of nearly two
to 8.2 million euros, while earnings before interest, taxes, depreciation and
amortization (EBITDA) also almost doubled to 10.6 million euros, Novaturas said in its 2017 report filed
to the Center of Registers.
Novaturas' EBITDA margin
grew by 2%age points to 7.5% last year from 2016.
On Wednesday, the travel organizer also announced plans of issuing up to 66%
of its shares, with efforts to list them on the Nasdaq Vilnius stock exchange
and the Warsaw stock exchange.
Central European Tour Operator, a Luxembourg-registered company owned by
Enterprise Investors, holds a 70.72% stake in Novaturas. Businessmen Vidas Paliunas, Ugnius Radvila and Rytis
Sumakaris each hold 9.76% in the company.
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