Lithuania · Delayed Price · Currency is EUR Novaturas AB Earnings Call Transcripts
Fiscal Year 2025
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Revenue fell 18.8% to EUR 74 million as capacity was reduced, but EBITDA and net loss improved sharply. Load factor hit a record 98.1%, NPS rose to 61%, and a new strategic investor strengthened liquidity. Dividend payments are deferred until debt is reduced.
Fiscal Year 2024
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Q4 2024 delivered a strong turnaround with revenue up 16.6% and net profit of €2.6M, offsetting earlier losses. Full-year results improved due to operational efficiency, with a focus on profitability and digital innovation guiding 2025 targets.
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Revenue and passenger volumes declined year-over-year due to fierce competition and oversupply, leading to negative EBITDA and net loss forecasts for 2024. Strategic focus is shifting to profitability, digital enhancements, and diversification into higher-margin destinations.
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H1 2024 saw a 10% income drop and negative EBITDA due to oversupply and competition, but operational efficiency and customer satisfaction improved. 2024 guidance remains cautious, with no dividends planned and a bond issue of up to EUR 8 million in progress.