Report
Fehmi Ben Naamane

TUI AG : A good set of Q3 results expected; marginal upward revision to our 2023 estimates. Outperform rating confirmed

>Q3 2023 preview: EBIT at € 129m and margin growth of 320bp y-o-y - TUI AG is due to report its Q3 2023 results (to end-June) on 9 August before the market open. Q3 is a quarter of transition for business, between a naturally loss-making first half (due to the strongly seasonal nature of business) and a Q4 that is crucial for the full-year performance. Over the quarter we expect group revenues of € 4,875m (+10% y-o-y) and adjusted EBIT of € 129m (-€ 27m in Q3 2022), w...
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Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fehmi Ben Naamane

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