Novaturas（NTU）株式概要ノヴァトゥラス社は、その子会社とともにバルト三国でツアーオペレーターおよび旅行代理店業務を行っている。 詳細NTU ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績0/6財務の健全性1/6配当金0/6報酬当社が推定した公正価値より97.6%で取引されている リスク分析マイナスの株主資本 過去5年間で収益は年間40.8%減少しました。 意味のある時価総額がありません ( PLN24M )Polish市場と比較して、過去 3 か月間の株価の変動が非常に大きい+1 さらなるリスクすべてのリスクチェックを見るNTU Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW468,393 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA468,393 investors already sharing narrativesYour Fair ValuezłCurrent Pricezł5.2894.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-8m251m2016201920222025202620282031Revenue €250.6mEarnings €18.9mAdvancedSet Fair ValueView all narrativesNovaturas AB 競合他社Mex PolskaSymbol: WSE:MEXMarket cap: zł26.5mSfinks PolskaSymbol: WSE:SFSMarket cap: zł15.8mSakanaSymbol: WSE:SKNMarket cap: zł14.2mMaxipizzaSymbol: WSE:MXPMarket cap: zł7.1m価格と性能株価の高値、安値、推移の概要Novaturas過去の株価現在の株価€5.2852週高値€11.2052週安値€4.00ベータ0.301ヶ月の変化10.00%3ヶ月変化-9.28%1年変化-23.03%3年間の変化-70.83%5年間の変化-71.61%IPOからの変化-88.51%最新ニュースNew Risk • Aug 20New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€1.6m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€1.6m). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (zł24.2m market cap, or US$6.56m). Minor Riskお知らせ • Jul 29Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01).Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01) on July 27, 2026. A cash consideration will be paid by the buyer. As on the date of this notification, Neet Kokar holds by right of ownership in total 11,821,620 shares.お知らせ • Jun 30AB Novaturas Announces Regarding the Court Proceedings with UAB “Getjet Airlines” Concerning the Charter Flight AgreementAB Novaturas informed that on 29 June 2026, the Court of Appeal of Lithuania adopted a ruling in the case between the Company and UAB “GetJet Airlines” (hereinafter – GetJet Airlines) concerning the dispute between the parties related to the (non-)performance of contractual obligations under the charter flight agreement concluded on 3 December 2018 (hereinafter – the Agreement) during the COVID-19 pandemic period. The Company reminds that, as described in greater detail in the Company’s notice of 28 November 2024, by its ruling of 28 November 2024, the Supreme Court of Lithuania, inter alia, set aside part of the ruling of the Court of Appeal of Lithuania of 7 March 2024 which had upheld part of the judgment of the Vilnius Regional Court of 11 September 2023 regarding the termination of the Agreement by court decision as of 1 January 2021, the award of EUR 1,150,000 in contractual penalties and 8% annual interest against the Company, as well as the allocation of litigation costs, and remitted these parts of the case for re-examination by the appellate court. On 29 June 2026, the Court of Appeal of Lithuania amended part of the Vilnius Regional Court's judgment of 11 September 2023 concerning the award of liquidated damages and legal costs, and decided to partially uphold GetJet Airlines' claim – ordering the Company to pay GetJet Airlines EUR 4,500,000 in penalties and annual interest at a rate of 8 per cent, calculated on the awarded sum from 5 March 2021 until the judgment is fully enforced. Given that the Company has already paid EUR 1,150,000 in penalties pursuant to a previous court judgment, the additional amount payable is EUR 3,350,000 (without the above indicated interest and litigation costs). The Court of Appeal left the remaining part of the Vilnius Regional Court’s judgment of 11 September 2023 unchanged. The ruling of the Court of Appeal of Lithuania entered into force on 29 June 2026 and is enforceable. Both parties have the right to file a cassation appeal with the Supreme Court of Lithuania within three months from the date on which the ruling entered into force. The Company is considering filing a cassation appeal with the Supreme Court of Lithuania. Disregarding this, there may be no guarantee that the Supreme Court of Lithuania will accept the cassation appeal at all and/or that it will change the above ruling of the Court of Appeal of Lithuania in favour of the Company.お知らせ • Jun 13Neset Kockar Files Counterclaim Against Willgrow, Uab Naming Novaturas AB as A Co-DefendantAB Novaturas had informed that its shareholder, Neset Kockar, who currently holds 23.2% of the Company’s shares, has filed a counterclaim against the Company in the arbitration case being heard by the Vilnius Court of Commercial Arbitration. This case arises from Willgrow, UAB's claim against Mr. Neset Kockar for his failure to fulfil obligations under the transaction for the acquisition of the Company's shares (hereinafter - the Transaction), as announced in the Company's notice on March 7, 2025. In the arbitration proceedings initiated by Willgrow, UAB, Neset Kockar has filed a counterclaim against Willgrow, UAB seeking the recovery of EUR 13,400,000 in unjust enrichment, naming the Company as a co-defendant. In the opinion of the Company, the counterclaim vis-à-vis the Company filed by Mr. Neset Kockar is unfounded and unlikely to be upheld. The counterclaim vis-à-vis the Company has not been substantiated by any factual circumstances or evidence, and the legal basis set out is formulated in abstract terms. Furthermore, the Company had neither the ability nor the obligation to influence the performance or non-performance of the Transaction in any way, either under applicable law or under the terms of the Transaction documents.お知らせ • May 11Novaturas Group Appoints Audrone Joffe as Chief Financial Officer, Effective May 11, 2026Novaturas Group announced the appointment of Audrone Joffe as Chief Financial Officer (CFO), effective May 11, 2026. Audrone Joffe has more than 15 years of international experience in financial management. Most recently, she led the finance function at LW Group, where she was responsible for financial accounting, reporting, and the standardization of finance processes across multiple markets. Previously, Audrone held CFO and Chief Accountant positions at JAKOBSENHOME and Light Conversion, as well as roles at international pharmaceutical companies Merck Sharp & Dohme and Abbott Laboratories, where she gained extensive experience in ERP implementation, finance process automation, and operational efficiency improvement projects.お知らせ • May 05Novaturas AB, Annual General Meeting, May 27, 2026Novaturas AB, Annual General Meeting, May 27, 2026, at 10:00 FLE Standard Time. Location: j. jasinskio st. 16c, vilnius, the republic of lithuania, conference centre., Lithuania最新情報をもっと見るRecent updatesNew Risk • Aug 20New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€1.6m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€1.6m). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (zł24.2m market cap, or US$6.56m). Minor Riskお知らせ • Jul 29Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01).Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01) on July 27, 2026. A cash consideration will be paid by the buyer. As on the date of this notification, Neet Kokar holds by right of ownership in total 11,821,620 shares.お知らせ • Jun 30AB Novaturas Announces Regarding the Court Proceedings with UAB “Getjet Airlines” Concerning the Charter Flight AgreementAB Novaturas informed that on 29 June 2026, the Court of Appeal of Lithuania adopted a ruling in the case between the Company and UAB “GetJet Airlines” (hereinafter – GetJet Airlines) concerning the dispute between the parties related to the (non-)performance of contractual obligations under the charter flight agreement concluded on 3 December 2018 (hereinafter – the Agreement) during the COVID-19 pandemic period. The Company reminds that, as described in greater detail in the Company’s notice of 28 November 2024, by its ruling of 28 November 2024, the Supreme Court of Lithuania, inter alia, set aside part of the ruling of the Court of Appeal of Lithuania of 7 March 2024 which had upheld part of the judgment of the Vilnius Regional Court of 11 September 2023 regarding the termination of the Agreement by court decision as of 1 January 2021, the award of EUR 1,150,000 in contractual penalties and 8% annual interest against the Company, as well as the allocation of litigation costs, and remitted these parts of the case for re-examination by the appellate court. On 29 June 2026, the Court of Appeal of Lithuania amended part of the Vilnius Regional Court's judgment of 11 September 2023 concerning the award of liquidated damages and legal costs, and decided to partially uphold GetJet Airlines' claim – ordering the Company to pay GetJet Airlines EUR 4,500,000 in penalties and annual interest at a rate of 8 per cent, calculated on the awarded sum from 5 March 2021 until the judgment is fully enforced. Given that the Company has already paid EUR 1,150,000 in penalties pursuant to a previous court judgment, the additional amount payable is EUR 3,350,000 (without the above indicated interest and litigation costs). The Court of Appeal left the remaining part of the Vilnius Regional Court’s judgment of 11 September 2023 unchanged. The ruling of the Court of Appeal of Lithuania entered into force on 29 June 2026 and is enforceable. Both parties have the right to file a cassation appeal with the Supreme Court of Lithuania within three months from the date on which the ruling entered into force. The Company is considering filing a cassation appeal with the Supreme Court of Lithuania. Disregarding this, there may be no guarantee that the Supreme Court of Lithuania will accept the cassation appeal at all and/or that it will change the above ruling of the Court of Appeal of Lithuania in favour of the Company.お知らせ • Jun 13Neset Kockar Files Counterclaim Against Willgrow, Uab Naming Novaturas AB as A Co-DefendantAB Novaturas had informed that its shareholder, Neset Kockar, who currently holds 23.2% of the Company’s shares, has filed a counterclaim against the Company in the arbitration case being heard by the Vilnius Court of Commercial Arbitration. This case arises from Willgrow, UAB's claim against Mr. Neset Kockar for his failure to fulfil obligations under the transaction for the acquisition of the Company's shares (hereinafter - the Transaction), as announced in the Company's notice on March 7, 2025. In the arbitration proceedings initiated by Willgrow, UAB, Neset Kockar has filed a counterclaim against Willgrow, UAB seeking the recovery of EUR 13,400,000 in unjust enrichment, naming the Company as a co-defendant. In the opinion of the Company, the counterclaim vis-à-vis the Company filed by Mr. Neset Kockar is unfounded and unlikely to be upheld. The counterclaim vis-à-vis the Company has not been substantiated by any factual circumstances or evidence, and the legal basis set out is formulated in abstract terms. Furthermore, the Company had neither the ability nor the obligation to influence the performance or non-performance of the Transaction in any way, either under applicable law or under the terms of the Transaction documents.お知らせ • May 11Novaturas Group Appoints Audrone Joffe as Chief Financial Officer, Effective May 11, 2026Novaturas Group announced the appointment of Audrone Joffe as Chief Financial Officer (CFO), effective May 11, 2026. Audrone Joffe has more than 15 years of international experience in financial management. Most recently, she led the finance function at LW Group, where she was responsible for financial accounting, reporting, and the standardization of finance processes across multiple markets. Previously, Audrone held CFO and Chief Accountant positions at JAKOBSENHOME and Light Conversion, as well as roles at international pharmaceutical companies Merck Sharp & Dohme and Abbott Laboratories, where she gained extensive experience in ERP implementation, finance process automation, and operational efficiency improvement projects.お知らせ • May 05Novaturas AB, Annual General Meeting, May 27, 2026Novaturas AB, Annual General Meeting, May 27, 2026, at 10:00 FLE Standard Time. Location: j. jasinskio st. 16c, vilnius, the republic of lithuania, conference centre., Lithuaniaお知らせ • Apr 30Novaturas AB to Report Fiscal Year 2025 Final Results on May 11, 2026Novaturas AB announced that they will report fiscal year 2025 final results at 1:00 PM, USSR Zone1 on May 11, 2026お知らせ • Mar 28Novaturas Group Announces Step Down of Aukse Kriauciunaite as Chief Financial Officer, Effective March 27, 2026Novaturas Group announces a change in its executive team. As of March 27, Chief Financial Officer Aukse Kriauciunaite is stepping down from her position. The company is currently conducting a search for a new candidate. The company is currently searching for a new Chief Financial Officer who will oversee operations across Lithuania, Latvia, and Estonia. During the selection process, CFO responsibilities will be ensured through internal resources.New Risk • Mar 02New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł35.5m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (zł35.5m market cap, or US$9.78m).お知らせ • Jan 06Novaturas Group Appoints Aukse Kriauciunaite as Chief Financial Officer, Effective January 7, 2026Novaturas Group announced that as of January 7, 2026, Aukse Kriauciunaite will assume the position of Group Chief Financial Officer (CFO). Since July 2025, she has been serving as Interim CFO, ensuring continuity and stability in the Group’s financial management during the transition period. Aukse Kriauciunaite has more than eight years of experience in finance and accounting. She previously worked at Ernst & Young Baltic, where she developed extensive competencies in financial data management, process optimisation, and team leadership. Her accumulated experience provides a solid foundation for continued professional growth and a meaningful contribution to strengthening Novaturas Group.New Risk • Oct 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł36.5m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (zł36.5m market cap, or US$9.98m).Board Change • Sep 29Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Chairman of the Board Gediminas Almantas is the most experienced director on the board, commencing their role in 2023. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Reported Earnings • Aug 20First half 2025 earnings releasedFirst half 2025 results: Revenue: €74.1m (down 19% from 1H 2024). Net loss: €791.0k (loss narrowed 65% from 1H 2024).Board Change • Aug 11Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Chairman of the Board Gediminas Almantas is the most experienced director on the board, commencing their role in 2023. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Board Change • Jul 18Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Chairman of the Board Gediminas Almantas is the most experienced director on the board, commencing their role in 2023. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Reported Earnings • Jun 14Full year 2024 earnings released: €0.98 loss per share (vs €0.43 profit in FY 2023)Full year 2024 results: €0.98 loss per share (down from €0.43 profit in FY 2023). Revenue: €200.9m (down 3.6% from FY 2023). Net loss: €7.60m (down 326% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.お知らせ • Jun 10Novaturas AB, Annual General Meeting, Jul 01, 2025Novaturas AB, Annual General Meeting, Jul 01, 2025, at 10:00 FLE Standard Time. Location: j. jasinskio st. 16 c, vilnius, lithuania, conference centre, hall b., LithuaniaNew Risk • May 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł37.4m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 8.6% per year over the past 5 years. Market cap is less than US$10m (zł37.4m market cap, or US$9.92m).Board Change • Apr 23Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 29+ 1 more updateNovaturas AB to Report Fiscal Year 2025 Results on Feb 27, 2026Novaturas AB announced that they will report fiscal year 2025 results on Feb 27, 2026お知らせ • Mar 28Novaturas AB to Report Fiscal Year 2024 Final Results on May 12, 2025Novaturas AB announced that they will report fiscal year 2024 final results at 1:00 PM, USSR Zone1 on May 12, 2025Reported Earnings • Mar 04Full year 2024 earnings released: €0.32 loss per share (vs €0.46 profit in FY 2023)Full year 2024 results: €0.32 loss per share (down from €0.46 profit in FY 2023). Revenue: €200.8m (down 3.6% from FY 2023). Net loss: €2.51m (down 170% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Mar 01Novaturas AB Provides Operations Earnings Guidance for the 2025Novaturas AB provided operations earnings guidance for the 2025. For the period, the company forecasts serving 170 thousand - 190 thousand passengers in the Baltic States and generating revenues of EUR 150 million - EUR 170 million in 2025.Board Change • Feb 07Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2024 earnings released: €0.37 loss per share (vs €0.21 profit in 3Q 2023)Third quarter 2024 results: €0.37 loss per share (down from €0.21 profit in 3Q 2023). Revenue: €61.1m (down 5.0% from 3Q 2023). Net loss: €2.88m (down 277% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year.お知らせ • Oct 04Novaturas AB Appoints Darius Undzenas as Chief Financial Officer, Effective October 7, 2024Novaturas AB announced that Darius Undzenas will take up the position of the company’s Chief Financial Officer from October 7. with Many Years of Comprehensive Experience in Financial Management, Mr. Undzenas Joins the Group’S Top Management Team in Lithuania, Latvia and Estonia. The new CFO of the company has more than 15 years of experience in various financial management positions in the transport and logistics industry, wholesale, retail and e-commerce. For the last 3.5 years, Mr. Undzenas has been the CFO of Transmeja, an international logistics group with over 1,200 employees. Prior to that, he spent almost three years as Head of Financial Control at Willgrow (then ME Investicija), which controls Europe’s largest asset-based transportation company Girteka Group, and was responsible for a large team in Lithuania, Poland and Germany. Prior to that, Mr. Undzenas was CFO of Berner Lietuva for 6.5 years and worked in finance departments of other companies. The new CFO of Novaturas Group emphasises that the main priorities after joining the company will be to ensure operational efficiency, to decide on alternatives for raising additional financial capital and to optimise the budget, as well as to strengthen the company’s finance team and develop its competences.お知らせ • Jul 20Novaturas AB Announces CFO ChangesNovaturas Group announced a change in its management team. Vaidrius Verikas resigns as Chief Financial Officer on 19 July 2024 and the company is currently looking for a new candidate. While the selection process is underway, the role of CFO will be temporarily taken over by Aukse Kriauciunaite, the Senior Financial Controller of the company, who has international experience in financial accounting and reporting, tax advisory and other financial management areas.お知らせ • May 30Novaturas Starts Cooperation with the Lithuanian Start-Up MoreMins and Introduces New Service to CustomersNovaturas is launching a new service with Lithuanian start-up MoreMins to make it cheaper and easier for its customers to use the internet outside the European Union. The company provides travellers with a multi-country eSIM mobile internet service that works on the networks of major operators in different countries. This allows you to enjoy high quality and low-cost mobile data throughout your trip, both in non-EU and EU countries. According to experts, this solution is much more secure than the WI-FI networks normally available in public places. Travellers often face high data roaming prices and poor connectivity when staying outside the EU, and trying to buy a SIM card from a local operator can be a real challenge. They are often sold in shops of dubious reliability, which are difficult to find without the help of the internet. However, even if you do find a point of purchase, the seller may ask for your ID and take a picture of it, raising suspicions about the security of your data. The challenges often go beyond the purchase of a SIM card from a foreign operator: you have to remove the SIM card you are using from your phone, and sometimes even have problems connecting to the local network. Hotels can also have problems if you only want to use the internet in hotels, where Wi-Fi connections can sometimes be poor, with speed or usage limits. Kristijonas Kaikaris, CEO of Novaturas, says that for some time now, it has been noticed that customers have been asking more and more questions about internet access during their trips, so it was decided to find an innovative solution. Some travellers are familiar with the high internet tariffs in non-EU countries, but it still comes as a surprise to less frequent visitors. The current prices often force us to use the internet without or with limited access, for example, only Wi-Fi connection provided in the hotel, which can be weak or erratic. But nowadays, the internet is becoming an integral part of travel, and the demand for it is growing - naturally, this is also true for customers.Buy Or Sell Opportunity • May 28Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to zł13.55. The fair value is estimated to be zł17.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • May 03Novaturas AB Announces CFO ChangesNovaturas Group announced changes in its management team. With a solid track record, Vaidrius Verikas joins the top management as the Group CFO on 2 May 2024. He will replace Vygantas Reifonas, who has been managing the finances of the company for more than a year and will pursue his career outside the organisation. Mr. Verikas, the new CFO of the company, worked for almost three years at Omniva, where he held the position of CFO, and later the position of CEO, and was a member of the Management Board. While working for Omniva, Mr. Verikas contributed to the successful implementation of major investment projects, organisational changes and double growth. Prior to that, the new CFO of Novaturas worked for the audit and tax advisory company PwC for seven years, where he was responsible for financial audit projects of the largest Lithuanian companies, assessment of internal control processes and other financial issues. He has extensive experience in organisational change management and has been recently involved in financial advisory activities.お知らせ • Mar 07Novaturas AB Announces the Outcome of the Legal Proceedings Against UAB Getjet AirlinesNovaturas informed about the ruling of the Court of appeal of Lithuania of 7 March 2024 in the case of Novaturas v. GetJet Airlines regarding the circumstances related to the performance of the charter contract of 3 December 2018. The Court of appeal of Lithuania upheld the judgment passed by Vilnius Regional Court on 11 September 2023. It should be noted that in its judgment of 11 September 2023 Vilnius Regional Court partially upheld the claim of Novaturas and the counterclaim of GetJet Airlines. Although the court declared the termination of the contract by the company as of 28 December 2020 unlawful, it upheld the claim of Novemberaturas that the contract should be terminated by the court judgment as of 1 January 2021. The court also reduced the penalties claimed by GetJet Airlines to EUR 1.65 million. As GetJet Airlines had already used EUR 500thsnd. of the deposit paid by Novaturas to cover the penalties, the company was ordered to pay EUR 1.15 million in penalties, in addition to interest at the rate of 8% per annum calculated from 1 January 2021. The judgment will not have a significant impact on the operations and financial results of Novaturas. In 2023, the company accrued an amount for the fulfilment of the obligations imposed by the court and has also secured full payment of the remaining part. The ruling of the Court of Appeal of Lithuania and the judgment of Vilnius Regional Court have entered into force as of 7 March 2024 and shall be enforceable. Both parties shall have the right to file cassation appeals against the ruling of the Court of Appeal the Court of Appeal of Lithuania with the Supreme Court of Lithuania within three months. Filing of a cassation appeal per se will not suspend the validity of the Court of appeal of the Court of appeal of Poland and the judgment of Vilnus Regional Court. Novaturas will analyse this judgment and the arguments related to it and then decide on possible further actions.Reported Earnings • Feb 29Full year 2023 earnings released: EPS: €0.47 (vs €0.10 loss in FY 2022)Full year 2023 results: EPS: €0.47 (up from €0.10 loss in FY 2022). Revenue: €208.6m (up 6.0% from FY 2022). Net income: €3.69m (up €4.50m from FY 2022). Profit margin: 1.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł16.20, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 13x in the Hospitality industry in Poland. Total returns to shareholders of 13% over the past three years.Board Change • Feb 22Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buy Or Sell Opportunity • Feb 02Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at zł13.15. The fair value is estimated to be zł17.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable.Board Change • Jan 22Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 17+ 4 more updatesNovaturas AB to Report Nine Months, 2024 Results on Nov 11, 2024Novaturas AB announced that they will report nine months, 2024 results on Nov 11, 2024Buying Opportunity • Jan 06Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be zł20.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable.Buying Opportunity • Dec 20Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be zł19.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • Dec 13Novaturas AB Announces CEO ChangesNovaturas AB announced appointment of Kristijonas Kaikaris as CEO, who has extensive experience in managing international IT, aviation and transport companies, will take up the position of the company's CEO on 13 December this year. He will replace Vitalij Rakovski, who has been in the role until now. For the past three years, Kaikaris has been the CEO of CityBee, a car-sharing company. Before that, he was CEO of charter airline Small Planet Airlines for almost three years. Kaikaris has worked in the IT sector for a large part of his career, having spent four years in charge of the Lithuanian offices of international technology companies Microsoft and Oracle, as well as President and Member of the Board of the association Infobalt, and worked in the sales department of IBM. In Lithuania, the new head of the Novaturas Group is also known as a book author, active traveler and a Formula 1 enthusiast - he has been a commentator on the sport on TV for a long time.Reported Earnings • Nov 29Third quarter 2023 earnings released: EPS: €0.21 (vs €0.25 in 3Q 2022)Third quarter 2023 results: EPS: €0.21 (down from €0.25 in 3Q 2022). Revenue: €64.3m (up 1.0% from 3Q 2022). Net income: €1.62m (down 16% from 3Q 2022). Profit margin: 2.5% (down from 3.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Nov 07Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł19.00, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 24x in the Hospitality industry in Poland. Total returns to shareholders of 148% over the past three years.Board Change • Oct 18Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Sep 13Novaturas AB Announces About the Judgement of Vilnius Regional Court of 11 September 2023 in the case between the Company and GetJet Airlines UABNovaturas AB announced about the judgement of Vilnius Regional Court of 11 September 2023 in the case between the Company and GetJet Airlines UAB (GetJet) concerning the circumstances related to the performance of the charter contract of 3 December 2018 (the Contract). The Court of First Instance partially upheld the Company’s claim and GetJet’s counterclaim by declaring the Company’s termination of the Contract as of 28 December 2020 unlawful, while granting the Company’s claim that in such a case, the Contract should be terminated by a court decision as of 1 January 2021. In addition, the Court reduced GetJet’s claim for liquidated damages to EUR 1.65 million. As GetJet had already used EUR 500 thsnd. of the Company’s deposit to cover the liquidated damages, the Company was ordered to pay EUR 1.15 million in liquidated damages, together with interest at the rate of 8% per annum calculated from 1 January 2021. The Company was ordered to pay EUR 3.8 thousand. for services rendered, together with interest at the rate of 8% per annum from 15 November 2020. All other claims of the parties were dismissed. The preliminary assessment is that the judgment will not have a significant impact on the company’s operations. Moreover, the judgment of the Court of First Instance is not final, nor is it conclusive, and may be appealed against to the Court of Appeal within 30 days. The Company will analyse this judgment and the arguments related to it and decide on possible further action.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: €0.32 (vs €0.15 loss in 2Q 2022)Second quarter 2023 results: EPS: €0.32 (up from €0.15 loss in 2Q 2022). Revenue: €62.9m (flat on 2Q 2022). Net income: €2.48m (up €3.64m from 2Q 2022). Profit margin: 3.9% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to zł16.90, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 27x in the Hospitality industry in Poland. Total returns to shareholders of 72% over the past three years.お知らせ • Jun 22Novaturas Appoints Gediminas Almantas as New ChairmanNovaturas Group announced the election of a new Chairman of the Board of Directors, following the announcement of changes to the Board. Gediminas Almantas, an independent member of the new Board, has been appointed as the new Chairman. Gediminas Almantas has more than 17 years of experience in various companies. Previously he worked at Copenhagen Airport, held the position of Director General of Lietuvos oro uostai for 4 years, and currently is a member of the Board of Directors and chairs the Audit Committee of Lietuvos oro uostai. As an independent member and chairman, he has extensive experience on other boards as well – Mr. Almantas has been a board member of EPSO-G Group for 7 years and the chairman of the board for 4 years, the chairman of the Lithuanian Red Cross Society for 8 years, and is currently the chairman of the board of LTG Infra. He has been an independent member of the Board of Directors and a member of the Audit Committee of AB Oro Navigacija since 2018. Mr. Almantas areas of expertise include organisational governance, good governance, organisational development, crisis management, ethics and building trust in organisations. It should be noted that three members have been elected for a new company’s Board term: Tomas Korganas and Gediminas Almantas, who will join the Board, and Ugnius Radvila, who will continue to work in the Board. The new three-member Board aims to make decision-making even more efficient and flexible, which is a priority for the growing company. It will also help to ensure even greater involvement of the Board members in the strategic processes of the company, while maintaining a balance of different competences.お知らせ • Jun 15Novaturas Group Revises Earnings GuidanceNovaturas Group announced that its earnings forecast announced at the beginning of the year has been revised upwards, based on stable growth and successful first three months, with an EBITDA of EUR 4 million – EUR 6 million (instead of EUR 3 million – EUR 5 million) and a net profit of EUR 2 million– EUR 4 million (instead of EUR 1 million – EUR 3 million).Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł20.50, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 25x in the Hospitality industry in Poland. Total returns to shareholders of 97% over the past three years.Board Change • Jun 09Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 07+ 1 more updateNovaturas Group Announces Changes to its BoardNovaturas Group announced changes in the company’s Board following the General Meeting of Shareholders. Three members have been elected for a new term of office: Tomas Korganas and Gediminas Almantas, who will join the Board, and Ugnius Radvila, who will continue to work in the Board. Tomas Korganas, who joins the Board, has over 20 years of experience in international companies and boards, business development, management, mergers and acquisitions (M&A). Mr. Korganas has worked for international companies such as BCG, Goldman Sachs, General Electric, and currently works for the investment company Willgrow, where he holds the position of Chief Operating Officer (COO). He is also a member of the professional mentoring programme “LT Big Brother”, where he shares his experience with motivated young Lithuanians around the world. Ugnius Radvila, the founder of Novaturas, who has been working for the company since its foundation, will continue to work in the Board. With many years of management experience in the tourism market, Ugnius Radvila has been a consultant and a permanent member of the Board since 2011, ensuring continuity of work. His priority areas in the new Board will be human resources management and attracting competences, as well as ensuring the focus on sustainability which is one of the company’s strategic areas of activity. Gediminas Almantas, who has more than 17 years of experience in various companies and whose areas of expertise include organisational governance, good governance, organisational development, crisis management, ethics and building trust in organisations, joins the Board as an independent member. Mr. Almantas previously worked at Copenhagen Airport, held the position of Director General of Lietuvos oro uostai for 4 years, and currently is a member of the Board of Directors and chairs the Audit Committee of Lietuvos oro uostai. As an independent member and chairman, he has extensive experience on other boards as well – Mr. Almantas has been a board member of EPSO-G Group for 7 years and the chairman of the board for 4 years, the chairman of the Lithuanian Red Cross Society for 8 years, and is currently the chairman of the board of LTG Infra. He has been an independent member of the Board of Directors and a member of the Audit Committee of AB Oro Navigacija since 2018.Reported Earnings • May 17Full year 2022 earnings released: €0.10 loss per share (vs €0.12 profit in FY 2021)Full year 2022 results: €0.10 loss per share (down from €0.12 profit in FY 2021). Revenue: €196.7m (up 80% from FY 2021). Net loss: €818.0k (down 190% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.お知らせ • Feb 03+ 3 more updatesNovaturas AB to Report Second Half, 2023 Results on Feb 28, 2024Novaturas AB announced that they will report second half, 2023 results on Feb 28, 2024Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: €0.25 (vs €0.003 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.25 (up from €0.003 loss in 3Q 2021). Revenue: €63.7m (up 40% from 3Q 2021). Net income: €1.94m (up €1.96m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • May 02Third quarter 2021 earnings released: €0.003 loss per share (vs €0.19 loss in 3Q 2020)Third quarter 2021 results: €0.003 loss per share (up from €0.19 loss in 3Q 2020). Revenue: €45.6m (up €38.5m from 3Q 2020). Net loss: €24.0k (loss narrowed 98% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.Board Change • Apr 28Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 28Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 13Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Aug 07Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 07Second quarter 2021 earnings released: EPS €0.12 (vs €0.24 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €23.5m (up €23.4m from 2Q 2020). Net income: €929.0k (up €2.82m from 2Q 2020). Profit margin: 3.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Reported Earnings • Dec 04Third quarter 2020 earnings released: €0.19 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €7.08m (down 87% from 3Q 2019). Net loss: €1.45m (down 260% from profit in 3Q 2019).Valuation Update With 7 Day Price Move • Nov 14Market bids up stock over the past weekAfter last week's 15% share price gain to €9.80, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 22x in the Hospitality industry in Europe. Total return to shareholders over the past year is a loss of 64%.Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 18% share price gain to €8.50, the stock is trading at a trailing P/E ratio of 9.2x, up from the previous P/E ratio of 7.8x. This compares to an average P/E of 20x in the Hospitality industry in Europe. Total return to shareholders over the past year is a loss of 69%.Is New 90 Day High Low • Oct 30New 90-day low: zł7.20The company is down 16% from its price of zł8.55 on 31 July 2020. The Polish market is down 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is down 30% over the same period.株主還元NTUPL HospitalityPL 市場7D-2.6%0.7%-0.2%1Y-23.0%-14.2%32.1%株主還元を見る業界別リターン: NTU過去 1 年間で-14.2 % の収益を上げたPolish Hospitality業界を下回りました。リターン対市場: NTUは、過去 1 年間で32.1 % のリターンを上げたPolish市場を下回りました。価格変動Is NTU's price volatile compared to industry and market?NTU volatilityNTU Average Weekly Movement16.9%Hospitality Industry Average Movement4.3%Market Average Movement4.7%10% most volatile stocks in PL Market10.1%10% least volatile stocks in PL Market3.0%安定した株価: NTUの株価は、 Polish市場と比較して過去 3 か月間で変動しています。時間の経過による変動: NTUの weekly volatility ( 17% ) は過去 1 年間安定していますが、依然としてPolishの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1999175Aleksejs Kriscukswww.novaturasgroup.comノヴァトゥラス社は、子会社とともにバルト三国でツアーオペレーターおよび旅行代理店業を営んでいる。フライト・パッケージ、飛行機による観光ツアー、バスによる観光ツアー、その他の事業を行っている。同社は、夏休みや冬休みのパッケージツアー、様々な目的地へのコーチや飛行機による観光ツアーを提供している。また、航空券やホテルも提供している。小売旅行代理店ネットワークや社内販売チャネル、eコマース・プラットフォームを通じて商品を販売している。Novaturas ABは1999年に設立され、リトアニアのカウナスに本社を置いている。もっと見るNovaturas AB 基礎のまとめNovaturas の収益と売上を時価総額と比較するとどうか。NTU 基礎統計学時価総額zł23.67m収益（TTM）-zł35.80m売上高(TTM)zł708.25m0.0xP/Sレシオ-0.7xPER（株価収益率NTU は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計NTU 損益計算書（TTM）収益€164.18m売上原価€147.04m売上総利益€17.14mその他の費用€25.44m収益-€8.30m直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）-1.07グロス・マージン10.44%純利益率-5.05%有利子負債／自己資本比率-727.5%NTU の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/24 09:15終値2026/08/20 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Novaturas AB 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Artur IwanskiPKO BP SecuritiesAdrian SklodowskiPKO BP Securities
New Risk • Aug 20New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€1.6m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€1.6m). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (zł24.2m market cap, or US$6.56m). Minor Risk
お知らせ • Jul 29Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01).Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01) on July 27, 2026. A cash consideration will be paid by the buyer. As on the date of this notification, Neet Kokar holds by right of ownership in total 11,821,620 shares.
お知らせ • Jun 30AB Novaturas Announces Regarding the Court Proceedings with UAB “Getjet Airlines” Concerning the Charter Flight AgreementAB Novaturas informed that on 29 June 2026, the Court of Appeal of Lithuania adopted a ruling in the case between the Company and UAB “GetJet Airlines” (hereinafter – GetJet Airlines) concerning the dispute between the parties related to the (non-)performance of contractual obligations under the charter flight agreement concluded on 3 December 2018 (hereinafter – the Agreement) during the COVID-19 pandemic period. The Company reminds that, as described in greater detail in the Company’s notice of 28 November 2024, by its ruling of 28 November 2024, the Supreme Court of Lithuania, inter alia, set aside part of the ruling of the Court of Appeal of Lithuania of 7 March 2024 which had upheld part of the judgment of the Vilnius Regional Court of 11 September 2023 regarding the termination of the Agreement by court decision as of 1 January 2021, the award of EUR 1,150,000 in contractual penalties and 8% annual interest against the Company, as well as the allocation of litigation costs, and remitted these parts of the case for re-examination by the appellate court. On 29 June 2026, the Court of Appeal of Lithuania amended part of the Vilnius Regional Court's judgment of 11 September 2023 concerning the award of liquidated damages and legal costs, and decided to partially uphold GetJet Airlines' claim – ordering the Company to pay GetJet Airlines EUR 4,500,000 in penalties and annual interest at a rate of 8 per cent, calculated on the awarded sum from 5 March 2021 until the judgment is fully enforced. Given that the Company has already paid EUR 1,150,000 in penalties pursuant to a previous court judgment, the additional amount payable is EUR 3,350,000 (without the above indicated interest and litigation costs). The Court of Appeal left the remaining part of the Vilnius Regional Court’s judgment of 11 September 2023 unchanged. The ruling of the Court of Appeal of Lithuania entered into force on 29 June 2026 and is enforceable. Both parties have the right to file a cassation appeal with the Supreme Court of Lithuania within three months from the date on which the ruling entered into force. The Company is considering filing a cassation appeal with the Supreme Court of Lithuania. Disregarding this, there may be no guarantee that the Supreme Court of Lithuania will accept the cassation appeal at all and/or that it will change the above ruling of the Court of Appeal of Lithuania in favour of the Company.
お知らせ • Jun 13Neset Kockar Files Counterclaim Against Willgrow, Uab Naming Novaturas AB as A Co-DefendantAB Novaturas had informed that its shareholder, Neset Kockar, who currently holds 23.2% of the Company’s shares, has filed a counterclaim against the Company in the arbitration case being heard by the Vilnius Court of Commercial Arbitration. This case arises from Willgrow, UAB's claim against Mr. Neset Kockar for his failure to fulfil obligations under the transaction for the acquisition of the Company's shares (hereinafter - the Transaction), as announced in the Company's notice on March 7, 2025. In the arbitration proceedings initiated by Willgrow, UAB, Neset Kockar has filed a counterclaim against Willgrow, UAB seeking the recovery of EUR 13,400,000 in unjust enrichment, naming the Company as a co-defendant. In the opinion of the Company, the counterclaim vis-à-vis the Company filed by Mr. Neset Kockar is unfounded and unlikely to be upheld. The counterclaim vis-à-vis the Company has not been substantiated by any factual circumstances or evidence, and the legal basis set out is formulated in abstract terms. Furthermore, the Company had neither the ability nor the obligation to influence the performance or non-performance of the Transaction in any way, either under applicable law or under the terms of the Transaction documents.
お知らせ • May 11Novaturas Group Appoints Audrone Joffe as Chief Financial Officer, Effective May 11, 2026Novaturas Group announced the appointment of Audrone Joffe as Chief Financial Officer (CFO), effective May 11, 2026. Audrone Joffe has more than 15 years of international experience in financial management. Most recently, she led the finance function at LW Group, where she was responsible for financial accounting, reporting, and the standardization of finance processes across multiple markets. Previously, Audrone held CFO and Chief Accountant positions at JAKOBSENHOME and Light Conversion, as well as roles at international pharmaceutical companies Merck Sharp & Dohme and Abbott Laboratories, where she gained extensive experience in ERP implementation, finance process automation, and operational efficiency improvement projects.
お知らせ • May 05Novaturas AB, Annual General Meeting, May 27, 2026Novaturas AB, Annual General Meeting, May 27, 2026, at 10:00 FLE Standard Time. Location: j. jasinskio st. 16c, vilnius, the republic of lithuania, conference centre., Lithuania
New Risk • Aug 20New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€1.6m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€1.6m). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (zł24.2m market cap, or US$6.56m). Minor Risk
お知らせ • Jul 29Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01).Neet Kokar proposed to acquire remaining 34.69% stake in Novaturas AB (NSEL:NTUSPO 01) on July 27, 2026. A cash consideration will be paid by the buyer. As on the date of this notification, Neet Kokar holds by right of ownership in total 11,821,620 shares.
お知らせ • Jun 30AB Novaturas Announces Regarding the Court Proceedings with UAB “Getjet Airlines” Concerning the Charter Flight AgreementAB Novaturas informed that on 29 June 2026, the Court of Appeal of Lithuania adopted a ruling in the case between the Company and UAB “GetJet Airlines” (hereinafter – GetJet Airlines) concerning the dispute between the parties related to the (non-)performance of contractual obligations under the charter flight agreement concluded on 3 December 2018 (hereinafter – the Agreement) during the COVID-19 pandemic period. The Company reminds that, as described in greater detail in the Company’s notice of 28 November 2024, by its ruling of 28 November 2024, the Supreme Court of Lithuania, inter alia, set aside part of the ruling of the Court of Appeal of Lithuania of 7 March 2024 which had upheld part of the judgment of the Vilnius Regional Court of 11 September 2023 regarding the termination of the Agreement by court decision as of 1 January 2021, the award of EUR 1,150,000 in contractual penalties and 8% annual interest against the Company, as well as the allocation of litigation costs, and remitted these parts of the case for re-examination by the appellate court. On 29 June 2026, the Court of Appeal of Lithuania amended part of the Vilnius Regional Court's judgment of 11 September 2023 concerning the award of liquidated damages and legal costs, and decided to partially uphold GetJet Airlines' claim – ordering the Company to pay GetJet Airlines EUR 4,500,000 in penalties and annual interest at a rate of 8 per cent, calculated on the awarded sum from 5 March 2021 until the judgment is fully enforced. Given that the Company has already paid EUR 1,150,000 in penalties pursuant to a previous court judgment, the additional amount payable is EUR 3,350,000 (without the above indicated interest and litigation costs). The Court of Appeal left the remaining part of the Vilnius Regional Court’s judgment of 11 September 2023 unchanged. The ruling of the Court of Appeal of Lithuania entered into force on 29 June 2026 and is enforceable. Both parties have the right to file a cassation appeal with the Supreme Court of Lithuania within three months from the date on which the ruling entered into force. The Company is considering filing a cassation appeal with the Supreme Court of Lithuania. Disregarding this, there may be no guarantee that the Supreme Court of Lithuania will accept the cassation appeal at all and/or that it will change the above ruling of the Court of Appeal of Lithuania in favour of the Company.
お知らせ • Jun 13Neset Kockar Files Counterclaim Against Willgrow, Uab Naming Novaturas AB as A Co-DefendantAB Novaturas had informed that its shareholder, Neset Kockar, who currently holds 23.2% of the Company’s shares, has filed a counterclaim against the Company in the arbitration case being heard by the Vilnius Court of Commercial Arbitration. This case arises from Willgrow, UAB's claim against Mr. Neset Kockar for his failure to fulfil obligations under the transaction for the acquisition of the Company's shares (hereinafter - the Transaction), as announced in the Company's notice on March 7, 2025. In the arbitration proceedings initiated by Willgrow, UAB, Neset Kockar has filed a counterclaim against Willgrow, UAB seeking the recovery of EUR 13,400,000 in unjust enrichment, naming the Company as a co-defendant. In the opinion of the Company, the counterclaim vis-à-vis the Company filed by Mr. Neset Kockar is unfounded and unlikely to be upheld. The counterclaim vis-à-vis the Company has not been substantiated by any factual circumstances or evidence, and the legal basis set out is formulated in abstract terms. Furthermore, the Company had neither the ability nor the obligation to influence the performance or non-performance of the Transaction in any way, either under applicable law or under the terms of the Transaction documents.
お知らせ • May 11Novaturas Group Appoints Audrone Joffe as Chief Financial Officer, Effective May 11, 2026Novaturas Group announced the appointment of Audrone Joffe as Chief Financial Officer (CFO), effective May 11, 2026. Audrone Joffe has more than 15 years of international experience in financial management. Most recently, she led the finance function at LW Group, where she was responsible for financial accounting, reporting, and the standardization of finance processes across multiple markets. Previously, Audrone held CFO and Chief Accountant positions at JAKOBSENHOME and Light Conversion, as well as roles at international pharmaceutical companies Merck Sharp & Dohme and Abbott Laboratories, where she gained extensive experience in ERP implementation, finance process automation, and operational efficiency improvement projects.
お知らせ • May 05Novaturas AB, Annual General Meeting, May 27, 2026Novaturas AB, Annual General Meeting, May 27, 2026, at 10:00 FLE Standard Time. Location: j. jasinskio st. 16c, vilnius, the republic of lithuania, conference centre., Lithuania
お知らせ • Apr 30Novaturas AB to Report Fiscal Year 2025 Final Results on May 11, 2026Novaturas AB announced that they will report fiscal year 2025 final results at 1:00 PM, USSR Zone1 on May 11, 2026
お知らせ • Mar 28Novaturas Group Announces Step Down of Aukse Kriauciunaite as Chief Financial Officer, Effective March 27, 2026Novaturas Group announces a change in its executive team. As of March 27, Chief Financial Officer Aukse Kriauciunaite is stepping down from her position. The company is currently conducting a search for a new candidate. The company is currently searching for a new Chief Financial Officer who will oversee operations across Lithuania, Latvia, and Estonia. During the selection process, CFO responsibilities will be ensured through internal resources.
New Risk • Mar 02New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł35.5m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (zł35.5m market cap, or US$9.78m).
お知らせ • Jan 06Novaturas Group Appoints Aukse Kriauciunaite as Chief Financial Officer, Effective January 7, 2026Novaturas Group announced that as of January 7, 2026, Aukse Kriauciunaite will assume the position of Group Chief Financial Officer (CFO). Since July 2025, she has been serving as Interim CFO, ensuring continuity and stability in the Group’s financial management during the transition period. Aukse Kriauciunaite has more than eight years of experience in finance and accounting. She previously worked at Ernst & Young Baltic, where she developed extensive competencies in financial data management, process optimisation, and team leadership. Her accumulated experience provides a solid foundation for continued professional growth and a meaningful contribution to strengthening Novaturas Group.
New Risk • Oct 30New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł36.5m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (zł36.5m market cap, or US$9.98m).
Board Change • Sep 29Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Chairman of the Board Gediminas Almantas is the most experienced director on the board, commencing their role in 2023. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Reported Earnings • Aug 20First half 2025 earnings releasedFirst half 2025 results: Revenue: €74.1m (down 19% from 1H 2024). Net loss: €791.0k (loss narrowed 65% from 1H 2024).
Board Change • Aug 11Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Chairman of the Board Gediminas Almantas is the most experienced director on the board, commencing their role in 2023. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Board Change • Jul 18Less than half of directors are independentThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Chairman of the Board Gediminas Almantas is the most experienced director on the board, commencing their role in 2023. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Reported Earnings • Jun 14Full year 2024 earnings released: €0.98 loss per share (vs €0.43 profit in FY 2023)Full year 2024 results: €0.98 loss per share (down from €0.43 profit in FY 2023). Revenue: €200.9m (down 3.6% from FY 2023). Net loss: €7.60m (down 326% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 10Novaturas AB, Annual General Meeting, Jul 01, 2025Novaturas AB, Annual General Meeting, Jul 01, 2025, at 10:00 FLE Standard Time. Location: j. jasinskio st. 16 c, vilnius, lithuania, conference centre, hall b., Lithuania
New Risk • May 06New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: zł37.4m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 8.6% per year over the past 5 years. Market cap is less than US$10m (zł37.4m market cap, or US$9.92m).
Board Change • Apr 23Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 29+ 1 more updateNovaturas AB to Report Fiscal Year 2025 Results on Feb 27, 2026Novaturas AB announced that they will report fiscal year 2025 results on Feb 27, 2026
お知らせ • Mar 28Novaturas AB to Report Fiscal Year 2024 Final Results on May 12, 2025Novaturas AB announced that they will report fiscal year 2024 final results at 1:00 PM, USSR Zone1 on May 12, 2025
Reported Earnings • Mar 04Full year 2024 earnings released: €0.32 loss per share (vs €0.46 profit in FY 2023)Full year 2024 results: €0.32 loss per share (down from €0.46 profit in FY 2023). Revenue: €200.8m (down 3.6% from FY 2023). Net loss: €2.51m (down 170% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 01Novaturas AB Provides Operations Earnings Guidance for the 2025Novaturas AB provided operations earnings guidance for the 2025. For the period, the company forecasts serving 170 thousand - 190 thousand passengers in the Baltic States and generating revenues of EUR 150 million - EUR 170 million in 2025.
Board Change • Feb 07Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2024 earnings released: €0.37 loss per share (vs €0.21 profit in 3Q 2023)Third quarter 2024 results: €0.37 loss per share (down from €0.21 profit in 3Q 2023). Revenue: €61.1m (down 5.0% from 3Q 2023). Net loss: €2.88m (down 277% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year.
お知らせ • Oct 04Novaturas AB Appoints Darius Undzenas as Chief Financial Officer, Effective October 7, 2024Novaturas AB announced that Darius Undzenas will take up the position of the company’s Chief Financial Officer from October 7. with Many Years of Comprehensive Experience in Financial Management, Mr. Undzenas Joins the Group’S Top Management Team in Lithuania, Latvia and Estonia. The new CFO of the company has more than 15 years of experience in various financial management positions in the transport and logistics industry, wholesale, retail and e-commerce. For the last 3.5 years, Mr. Undzenas has been the CFO of Transmeja, an international logistics group with over 1,200 employees. Prior to that, he spent almost three years as Head of Financial Control at Willgrow (then ME Investicija), which controls Europe’s largest asset-based transportation company Girteka Group, and was responsible for a large team in Lithuania, Poland and Germany. Prior to that, Mr. Undzenas was CFO of Berner Lietuva for 6.5 years and worked in finance departments of other companies. The new CFO of Novaturas Group emphasises that the main priorities after joining the company will be to ensure operational efficiency, to decide on alternatives for raising additional financial capital and to optimise the budget, as well as to strengthen the company’s finance team and develop its competences.
お知らせ • Jul 20Novaturas AB Announces CFO ChangesNovaturas Group announced a change in its management team. Vaidrius Verikas resigns as Chief Financial Officer on 19 July 2024 and the company is currently looking for a new candidate. While the selection process is underway, the role of CFO will be temporarily taken over by Aukse Kriauciunaite, the Senior Financial Controller of the company, who has international experience in financial accounting and reporting, tax advisory and other financial management areas.
お知らせ • May 30Novaturas Starts Cooperation with the Lithuanian Start-Up MoreMins and Introduces New Service to CustomersNovaturas is launching a new service with Lithuanian start-up MoreMins to make it cheaper and easier for its customers to use the internet outside the European Union. The company provides travellers with a multi-country eSIM mobile internet service that works on the networks of major operators in different countries. This allows you to enjoy high quality and low-cost mobile data throughout your trip, both in non-EU and EU countries. According to experts, this solution is much more secure than the WI-FI networks normally available in public places. Travellers often face high data roaming prices and poor connectivity when staying outside the EU, and trying to buy a SIM card from a local operator can be a real challenge. They are often sold in shops of dubious reliability, which are difficult to find without the help of the internet. However, even if you do find a point of purchase, the seller may ask for your ID and take a picture of it, raising suspicions about the security of your data. The challenges often go beyond the purchase of a SIM card from a foreign operator: you have to remove the SIM card you are using from your phone, and sometimes even have problems connecting to the local network. Hotels can also have problems if you only want to use the internet in hotels, where Wi-Fi connections can sometimes be poor, with speed or usage limits. Kristijonas Kaikaris, CEO of Novaturas, says that for some time now, it has been noticed that customers have been asking more and more questions about internet access during their trips, so it was decided to find an innovative solution. Some travellers are familiar with the high internet tariffs in non-EU countries, but it still comes as a surprise to less frequent visitors. The current prices often force us to use the internet without or with limited access, for example, only Wi-Fi connection provided in the hotel, which can be weak or erratic. But nowadays, the internet is becoming an integral part of travel, and the demand for it is growing - naturally, this is also true for customers.
Buy Or Sell Opportunity • May 28Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to zł13.55. The fair value is estimated to be zł17.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • May 03Novaturas AB Announces CFO ChangesNovaturas Group announced changes in its management team. With a solid track record, Vaidrius Verikas joins the top management as the Group CFO on 2 May 2024. He will replace Vygantas Reifonas, who has been managing the finances of the company for more than a year and will pursue his career outside the organisation. Mr. Verikas, the new CFO of the company, worked for almost three years at Omniva, where he held the position of CFO, and later the position of CEO, and was a member of the Management Board. While working for Omniva, Mr. Verikas contributed to the successful implementation of major investment projects, organisational changes and double growth. Prior to that, the new CFO of Novaturas worked for the audit and tax advisory company PwC for seven years, where he was responsible for financial audit projects of the largest Lithuanian companies, assessment of internal control processes and other financial issues. He has extensive experience in organisational change management and has been recently involved in financial advisory activities.
お知らせ • Mar 07Novaturas AB Announces the Outcome of the Legal Proceedings Against UAB Getjet AirlinesNovaturas informed about the ruling of the Court of appeal of Lithuania of 7 March 2024 in the case of Novaturas v. GetJet Airlines regarding the circumstances related to the performance of the charter contract of 3 December 2018. The Court of appeal of Lithuania upheld the judgment passed by Vilnius Regional Court on 11 September 2023. It should be noted that in its judgment of 11 September 2023 Vilnius Regional Court partially upheld the claim of Novaturas and the counterclaim of GetJet Airlines. Although the court declared the termination of the contract by the company as of 28 December 2020 unlawful, it upheld the claim of Novemberaturas that the contract should be terminated by the court judgment as of 1 January 2021. The court also reduced the penalties claimed by GetJet Airlines to EUR 1.65 million. As GetJet Airlines had already used EUR 500thsnd. of the deposit paid by Novaturas to cover the penalties, the company was ordered to pay EUR 1.15 million in penalties, in addition to interest at the rate of 8% per annum calculated from 1 January 2021. The judgment will not have a significant impact on the operations and financial results of Novaturas. In 2023, the company accrued an amount for the fulfilment of the obligations imposed by the court and has also secured full payment of the remaining part. The ruling of the Court of Appeal of Lithuania and the judgment of Vilnius Regional Court have entered into force as of 7 March 2024 and shall be enforceable. Both parties shall have the right to file cassation appeals against the ruling of the Court of Appeal the Court of Appeal of Lithuania with the Supreme Court of Lithuania within three months. Filing of a cassation appeal per se will not suspend the validity of the Court of appeal of the Court of appeal of Poland and the judgment of Vilnus Regional Court. Novaturas will analyse this judgment and the arguments related to it and then decide on possible further actions.
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: €0.47 (vs €0.10 loss in FY 2022)Full year 2023 results: EPS: €0.47 (up from €0.10 loss in FY 2022). Revenue: €208.6m (up 6.0% from FY 2022). Net income: €3.69m (up €4.50m from FY 2022). Profit margin: 1.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 29Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł16.20, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 13x in the Hospitality industry in Poland. Total returns to shareholders of 13% over the past three years.
Board Change • Feb 22Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buy Or Sell Opportunity • Feb 02Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at zł13.15. The fair value is estimated to be zł17.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable.
Board Change • Jan 22Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 17+ 4 more updatesNovaturas AB to Report Nine Months, 2024 Results on Nov 11, 2024Novaturas AB announced that they will report nine months, 2024 results on Nov 11, 2024
Buying Opportunity • Jan 06Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be zł20.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable.
Buying Opportunity • Dec 20Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be zł19.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • Dec 13Novaturas AB Announces CEO ChangesNovaturas AB announced appointment of Kristijonas Kaikaris as CEO, who has extensive experience in managing international IT, aviation and transport companies, will take up the position of the company's CEO on 13 December this year. He will replace Vitalij Rakovski, who has been in the role until now. For the past three years, Kaikaris has been the CEO of CityBee, a car-sharing company. Before that, he was CEO of charter airline Small Planet Airlines for almost three years. Kaikaris has worked in the IT sector for a large part of his career, having spent four years in charge of the Lithuanian offices of international technology companies Microsoft and Oracle, as well as President and Member of the Board of the association Infobalt, and worked in the sales department of IBM. In Lithuania, the new head of the Novaturas Group is also known as a book author, active traveler and a Formula 1 enthusiast - he has been a commentator on the sport on TV for a long time.
Reported Earnings • Nov 29Third quarter 2023 earnings released: EPS: €0.21 (vs €0.25 in 3Q 2022)Third quarter 2023 results: EPS: €0.21 (down from €0.25 in 3Q 2022). Revenue: €64.3m (up 1.0% from 3Q 2022). Net income: €1.62m (down 16% from 3Q 2022). Profit margin: 2.5% (down from 3.0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 07Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł19.00, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 24x in the Hospitality industry in Poland. Total returns to shareholders of 148% over the past three years.
Board Change • Oct 18Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Gediminas Almantas was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 13Novaturas AB Announces About the Judgement of Vilnius Regional Court of 11 September 2023 in the case between the Company and GetJet Airlines UABNovaturas AB announced about the judgement of Vilnius Regional Court of 11 September 2023 in the case between the Company and GetJet Airlines UAB (GetJet) concerning the circumstances related to the performance of the charter contract of 3 December 2018 (the Contract). The Court of First Instance partially upheld the Company’s claim and GetJet’s counterclaim by declaring the Company’s termination of the Contract as of 28 December 2020 unlawful, while granting the Company’s claim that in such a case, the Contract should be terminated by a court decision as of 1 January 2021. In addition, the Court reduced GetJet’s claim for liquidated damages to EUR 1.65 million. As GetJet had already used EUR 500 thsnd. of the Company’s deposit to cover the liquidated damages, the Company was ordered to pay EUR 1.15 million in liquidated damages, together with interest at the rate of 8% per annum calculated from 1 January 2021. The Company was ordered to pay EUR 3.8 thousand. for services rendered, together with interest at the rate of 8% per annum from 15 November 2020. All other claims of the parties were dismissed. The preliminary assessment is that the judgment will not have a significant impact on the company’s operations. Moreover, the judgment of the Court of First Instance is not final, nor is it conclusive, and may be appealed against to the Court of Appeal within 30 days. The Company will analyse this judgment and the arguments related to it and decide on possible further action.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: €0.32 (vs €0.15 loss in 2Q 2022)Second quarter 2023 results: EPS: €0.32 (up from €0.15 loss in 2Q 2022). Revenue: €62.9m (flat on 2Q 2022). Net income: €2.48m (up €3.64m from 2Q 2022). Profit margin: 3.9% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to zł16.90, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 27x in the Hospitality industry in Poland. Total returns to shareholders of 72% over the past three years.
お知らせ • Jun 22Novaturas Appoints Gediminas Almantas as New ChairmanNovaturas Group announced the election of a new Chairman of the Board of Directors, following the announcement of changes to the Board. Gediminas Almantas, an independent member of the new Board, has been appointed as the new Chairman. Gediminas Almantas has more than 17 years of experience in various companies. Previously he worked at Copenhagen Airport, held the position of Director General of Lietuvos oro uostai for 4 years, and currently is a member of the Board of Directors and chairs the Audit Committee of Lietuvos oro uostai. As an independent member and chairman, he has extensive experience on other boards as well – Mr. Almantas has been a board member of EPSO-G Group for 7 years and the chairman of the board for 4 years, the chairman of the Lithuanian Red Cross Society for 8 years, and is currently the chairman of the board of LTG Infra. He has been an independent member of the Board of Directors and a member of the Audit Committee of AB Oro Navigacija since 2018. Mr. Almantas areas of expertise include organisational governance, good governance, organisational development, crisis management, ethics and building trust in organisations. It should be noted that three members have been elected for a new company’s Board term: Tomas Korganas and Gediminas Almantas, who will join the Board, and Ugnius Radvila, who will continue to work in the Board. The new three-member Board aims to make decision-making even more efficient and flexible, which is a priority for the growing company. It will also help to ensure even greater involvement of the Board members in the strategic processes of the company, while maintaining a balance of different competences.
お知らせ • Jun 15Novaturas Group Revises Earnings GuidanceNovaturas Group announced that its earnings forecast announced at the beginning of the year has been revised upwards, based on stable growth and successful first three months, with an EBITDA of EUR 4 million – EUR 6 million (instead of EUR 3 million – EUR 5 million) and a net profit of EUR 2 million– EUR 4 million (instead of EUR 1 million – EUR 3 million).
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł20.50, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 25x in the Hospitality industry in Poland. Total returns to shareholders of 97% over the past three years.
Board Change • Jun 09Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 07+ 1 more updateNovaturas Group Announces Changes to its BoardNovaturas Group announced changes in the company’s Board following the General Meeting of Shareholders. Three members have been elected for a new term of office: Tomas Korganas and Gediminas Almantas, who will join the Board, and Ugnius Radvila, who will continue to work in the Board. Tomas Korganas, who joins the Board, has over 20 years of experience in international companies and boards, business development, management, mergers and acquisitions (M&A). Mr. Korganas has worked for international companies such as BCG, Goldman Sachs, General Electric, and currently works for the investment company Willgrow, where he holds the position of Chief Operating Officer (COO). He is also a member of the professional mentoring programme “LT Big Brother”, where he shares his experience with motivated young Lithuanians around the world. Ugnius Radvila, the founder of Novaturas, who has been working for the company since its foundation, will continue to work in the Board. With many years of management experience in the tourism market, Ugnius Radvila has been a consultant and a permanent member of the Board since 2011, ensuring continuity of work. His priority areas in the new Board will be human resources management and attracting competences, as well as ensuring the focus on sustainability which is one of the company’s strategic areas of activity. Gediminas Almantas, who has more than 17 years of experience in various companies and whose areas of expertise include organisational governance, good governance, organisational development, crisis management, ethics and building trust in organisations, joins the Board as an independent member. Mr. Almantas previously worked at Copenhagen Airport, held the position of Director General of Lietuvos oro uostai for 4 years, and currently is a member of the Board of Directors and chairs the Audit Committee of Lietuvos oro uostai. As an independent member and chairman, he has extensive experience on other boards as well – Mr. Almantas has been a board member of EPSO-G Group for 7 years and the chairman of the board for 4 years, the chairman of the Lithuanian Red Cross Society for 8 years, and is currently the chairman of the board of LTG Infra. He has been an independent member of the Board of Directors and a member of the Audit Committee of AB Oro Navigacija since 2018.
Reported Earnings • May 17Full year 2022 earnings released: €0.10 loss per share (vs €0.12 profit in FY 2021)Full year 2022 results: €0.10 loss per share (down from €0.12 profit in FY 2021). Revenue: €196.7m (up 80% from FY 2021). Net loss: €818.0k (down 190% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
お知らせ • Feb 03+ 3 more updatesNovaturas AB to Report Second Half, 2023 Results on Feb 28, 2024Novaturas AB announced that they will report second half, 2023 results on Feb 28, 2024
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: €0.25 (vs €0.003 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.25 (up from €0.003 loss in 3Q 2021). Revenue: €63.7m (up 40% from 3Q 2021). Net income: €1.94m (up €1.96m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 02Third quarter 2021 earnings released: €0.003 loss per share (vs €0.19 loss in 3Q 2020)Third quarter 2021 results: €0.003 loss per share (up from €0.19 loss in 3Q 2020). Revenue: €45.6m (up €38.5m from 3Q 2020). Net loss: €24.0k (loss narrowed 98% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
Board Change • Apr 28Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 28Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 13Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Aug 07Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman of the Board Virginijus Lepeska was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 07Second quarter 2021 earnings released: EPS €0.12 (vs €0.24 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €23.5m (up €23.4m from 2Q 2020). Net income: €929.0k (up €2.82m from 2Q 2020). Profit margin: 3.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Reported Earnings • Dec 04Third quarter 2020 earnings released: €0.19 loss per shareThe company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €7.08m (down 87% from 3Q 2019). Net loss: €1.45m (down 260% from profit in 3Q 2019).
Valuation Update With 7 Day Price Move • Nov 14Market bids up stock over the past weekAfter last week's 15% share price gain to €9.80, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 22x in the Hospitality industry in Europe. Total return to shareholders over the past year is a loss of 64%.
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 18% share price gain to €8.50, the stock is trading at a trailing P/E ratio of 9.2x, up from the previous P/E ratio of 7.8x. This compares to an average P/E of 20x in the Hospitality industry in Europe. Total return to shareholders over the past year is a loss of 69%.
Is New 90 Day High Low • Oct 30New 90-day low: zł7.20The company is down 16% from its price of zł8.55 on 31 July 2020. The Polish market is down 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is down 30% over the same period.
