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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Novaturas
Novaturas (NTU1L) investor relations material
Novaturas Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Served 191,000 travellers in 2025, a 20% decrease year-over-year; revenue declined 16.1% to EUR 168 million.
Adjusted EBITDA turned positive at EUR 420 thousand, up from negative EUR 449 thousand in 2024.
Net loss reduced by 39% to EUR 1.17 million, excluding prior year’s EUR 5.7 million goodwill impairment.
Focused on profitability by reducing volumes, optimizing travel programs, and improving operational efficiency.
Early bookings for summer 2026 up 59% year-over-year, with new destinations added.
Financial highlights
Revenue for 2025: EUR 168.5 million, down 16% year-over-year.
Gross profit: EUR 19.7 million, down 5% year-over-year.
Adjusted EBITDA: EUR 420 thousand (2024: EUR -449 thousand).
Net loss: EUR 1.17 million, improved from EUR 7.6 million loss in 2024.
Earnings per share: EUR -0.15 (2024: EUR -0.97).
Outlook and guidance
2026 travel program planned at similar or slightly higher levels.
Continued focus on profitability, operational and cost efficiency, and expanding hotel portfolio.
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Latest events from Novaturas
- H1 2024 revenue and profit declined, but NPS and early bookings improved.NTU1L
Q2 202423 Jan 2026 - EBITDA and net profit turned negative amid lower sales, but exotic travel demand is rising.NTU1LQ3 202415 Jan 2026
- Q4 profit rebound and record load factors set the stage for renewed 2025 profitability.NTU1LQ4 202423 Dec 2025
- Revenue fell 18.8–19%, but net loss narrowed and efficiency improved with new investment.NTU1LQ2 202523 Nov 2025
Next Novaturas earnings date
Q2 202619 Aug, 2026
Novaturas
Next Novaturas earnings date
Q2 202619 Aug, 2026
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Amina0781App Store
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@theshortbearx.com
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