TUI AG : Caution still required, but on the right track
>H1 results ultimately a shade better than expected - TUI’s H1 results were generally good in the context of a very strong upturn in activity in Q2, despite the effects of Omicron. H1 group revenues therefore lagged those in H1 2019 by 33%, with the winter season (mainly Q1) having been significantly affected by the context. By business, as expected hotels were the most dynamic segment, with positive EBIT in the half (already the case in Q1), but the Holiday Experienc...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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