Novaturas Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Kristijonas Kaikaris

Chief executive officer

€7.7k

Total compensation

CEO salary percentage	100.0%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	1.7yrs
Board average tenure	1.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kristijonas Kaikaris's remuneration changed compared to Novaturas's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-€7m
Jun 30 2024	n/a	n/a	-€3m
Mar 31 2024	n/a	n/a	€2m
Dec 31 2023	€8k	€8k	€4m

Compensation vs Market: Kristijonas's total compensation ($USD8.13K) is below average for companies of similar size in the Polish market ($USD144.61K).

Compensation vs Earnings: Insufficient data to compare Kristijonas's compensation with company performance.

CEO

Kristijonas Kaikaris

less than a year

Tenure

€7,700

Compensation

Mr. Kristijonas Kaikaris serves as Chief Executive Officer of Novaturas AB since December 13, 2023. He serves as Chief Executive Officer at Small Planet Airlines UAB. He served as Chief Executive Officer a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kristijonas Kaikaris	Chief Executive Officer	less than a year	€7.70k	no data
Darius Undzenas	Chief Financial Officer	less than a year	no data	no data
Ieva Galvydiene	Member of Management Board & Chief Commercial Officer	4.6yrs	€7.00k	no data
Rasa Barisiene	Chief Sales Officer	2yrs	no data	no data
Arunas Zilys	Head of Analytics	1.7yrs	no data	no data
Jolanta Zemaityte	Chief Financier	no data	no data	no data
Aukse Kriauciunaite	Senior Financial Controller	no data	no data	no data

1.7yrs

Average Tenure

Experienced Management: NTU's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Tomas Korganas	Member of the Board	1.4yrs	€13.30k	no data
Gediminas Almantas	Independent Chairman of the Board	1.4yrs	€17.50k	no data
Ugnius Radvila	Member of the Board	6.8yrs	€20.90k	9.56% PLN 4.7m

1.4yrs

Average Tenure

Experienced Board: NTU's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Novaturas Management

Management criteria checks 1/4

Key information

Recent management updates

Novaturas AB Appoints Darius Undzenas as Chief Financial Officer, Effective October 7, 2024

Novaturas AB Announces CFO Changes

Novaturas AB Announces CFO Changes

Less than half of directors are independent

Less than half of directors are independent

Novaturas AB Announces CEO Changes

Recent updates

Third quarter 2024 earnings released: €0.37 loss per share (vs €0.21 profit in 3Q 2023)

Novaturas AB Appoints Darius Undzenas as Chief Financial Officer, Effective October 7, 2024

Novaturas AB Announces CFO Changes

Novaturas Starts Cooperation with the Lithuanian Start-Up MoreMins and Introduces New Service to Customers

Now 23% undervalued after recent price drop

Novaturas AB Announces CFO Changes

Novaturas AB Announces the Outcome of the Legal Proceedings Against UAB Getjet Airlines

Full year 2023 earnings released: EPS: €0.47 (vs €0.10 loss in FY 2022)

Investor sentiment improves as stock rises 16%

Less than half of directors are independent

Now 23% undervalued

Less than half of directors are independent

Novaturas AB to Report Nine Months, 2024 Results on Nov 11, 2024

Now 25% undervalued after recent price drop

Now 25% undervalued after recent price drop

Novaturas AB Announces CEO Changes

Third quarter 2023 earnings released: EPS: €0.21 (vs €0.25 in 3Q 2022)

Less than half of directors are independent

Investor sentiment improves as stock rises 18%

Less than half of directors are independent

Novaturas AB Announces About the Judgement of Vilnius Regional Court of 11 September 2023 in the case between the Company and GetJet Airlines UAB

Second quarter 2023 earnings released: EPS: €0.32 (vs €0.15 loss in 2Q 2022)

Investor sentiment deteriorates as stock falls 17%

Novaturas Appoints Gediminas Almantas as New Chairman

Novaturas Group Revises Earnings Guidance

Investor sentiment improves as stock rises 21%

Less than half of directors are independent

Novaturas Group Announces Changes to its Board

Full year 2022 earnings released: €0.10 loss per share (vs €0.12 profit in FY 2021)

Novaturas AB to Report Second Half, 2023 Results on Feb 28, 2024

Novaturas Announces Management Changes

Third quarter 2022 earnings released: EPS: €0.25 (vs €0.003 loss in 3Q 2021)

Novaturas AB Provides Sales Guidance for the Month of October 2023

Novaturas AB to Report Q2, 2022 Results on Aug 18, 2022

Novaturas Appoints Arunas Žilys as CFO

Third quarter 2021 earnings released: €0.003 loss per share (vs €0.19 loss in 3Q 2020)

Novaturas AB, Annual General Meeting, May 24, 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Novaturas AB launches Additional Travel Protection Service "Self-Isolation Pause"

Less than half of directors are independent

Second quarter 2021 earnings released: EPS €0.12 (vs €0.24 loss in 2Q 2020)

Novaturas AB Resumes Flights from All the Baltics to Greece from the Mid of May

AB Novaturas Provides Update on Litigation

AB 'Novaturas' Resumes Flights from Lithuania to Turkey At the Beginning of April

AB “Novaturas” Doubles the Number of Weekly Planned Flights to Egypt

Novaturas AB, Annual General Meeting, Mar 12, 2021

Novaturas AB Resumes Flights from Lithuania to Egypt at the End of February

AB Novaturas Group Resumes Flights to Tenerife and Egypt in February 2021

Novaturas AB to Report First Half, 2021 Results on Jul 29, 2021

Third quarter 2020 earnings released: €0.19 loss per share

AB Novaturas Claim with UAB GetJet Airlines Regarding the Execution of the Charter Flight Agreement

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day low: zł7.20

Novaturas AB Announces Renewes Its Partial Operations

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure