TUI AG : A risky bet on the summer season!
>A tough Q1, as expected - The operating performance in Q1 came in broadly in line if we consider Q1 to be a generally neutral quarter in terms of the full-year performance given the marked seasonality, particularly in the current context. There may be a slight improvement in adjusted EBITA as the quarterly loss was weaker, lending credibility to cost-cutting efforts. However, sales saw a strong decline 88% of y-o-y, but were ultimately in line with the 89% fall in ca...TUI is engaged in the tourism business, operating in some 180 countries. Co.'s segments include Hotels & Resorts, Cruises and Other Tourism. The Hotels & Resorts segment comprises all Group-owned hotels and hotel companies in TUI Group. The segment comprises majority participations in hotels, joint ventures with local partners, stakes in companies. The Cruises segment consists of Hapag-Lloyd Cruises and the joint venture TUI Cruises. Other Tourism segment comprises central functions such as destination services, IT, aviation control and the French airline Corsair.
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.
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