Tour operator Christian Tour, recently listed on the Bucharest Stock Exchange following a EUR 28.35 million public offering, reported a 15% increase in net profit for the first half of the year, reaching EUR 1.2 million. Alongside these results, the company confirmed information previously published by Profit.ro regarding active discussions to acquire three companies in tourism and complementary sectors, aiming to close the first transaction before the end of 2026.
According to Profit.ro data, the funds raised on the capital market are primarily allocated for mergers and acquisitions, with Christian Tour targeting a competitor from the Top 5 local travel agencies—a segment that also includes Karpaten, Anex, Dertour, and Paralela 45. Founder and CEO Cristian Pandel stated that the acquired brands will retain their identity and operational autonomy, integrating into a constellation-type structure under group standards.
In the first six months of 2026, the company’s total revenues grew by 12%, reaching EUR 35.16 million, while EBITDA rose by 24% to EUR 1.87 million, yielding an operating margin of 5.3%. Booking-date sales reached a half-year record of EUR 87.58 million (+8%), driven by an 18% increase in average revenue per passenger to EUR 505. By business segment, holiday packages generated EUR 63.1 million (+9%), the Groups and Experiences division climbed to EUR 13.86 million (+18%), flights and accommodation totaled EUR 9.57 million, and other segments accounted for EUR 1.05 million. Net cash flows from operating activities stood at EUR 14.62 million.
The positive performance was supported by a focus on high-value-added products and robust market demand, against a backdrop where Romanians spent EUR 4.88 billion on foreign travel in the first semester, according to the NBR. For the full year 2026, Christian Tour targets booking-date sales of EUR 198.35 million, IFRS revenues of EUR 160.47 million, an EBITDA of EUR 8.81 million, and a net profit of EUR 6.32 million.
Frequently Asked Questions
What were Christian Tour’s financial results in H1 2026?
Christian Tour reported a 15% increase in net profit to EUR 1.2 million, a 12% revenue growth to EUR 35.16 million, and record booking-date sales of EUR 87.58 million.
What acquisition plans does Christian Tour have?
The company is in active talks to acquire three companies in tourism and complementary sectors, targeting a Top 5 local competitor, with the first deal expected before the end of 2026.
How will acquired brands be managed within the group?
According to CEO Cristian Pandel, acquired brands will maintain their identity and operational autonomy within a constellation-style group structure.