Report
Fehmi Ben Naamane ...
  • Matthias Desmarais

TUI AG : Encore des risques sur le titre malgré l’amélioration opérationnelle ; sous-performance, OC abaissé à 2.10 €

>Forte reprise de la demande au T3, mais profitabilité en retrait - La publication de TUI a été très positive en termes de topline, dans un contexte de forte reprise de la demande, mais la profitabilité a un petit peu déçu, malgré une contribution déterminante de la division Hôtels. En effet, et même en ajustant les impacts des perturbations dans les aéroports, la marge d’EBIT reste négative au niveau de la division ‘Markets & Airlines’, impacté par les coûts carburan...
Underlying
TUI AG

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.

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

Matthias Desmarais

ResearchPool Subscriptions

Get the most out of your insights

Get in touch