Report
Fehmi Ben Naamane

TUI AG : Le manque de visibilité et la probable forte dilution à venir nous poussent à rester prudents sur le titre. Sous-performance, OC abaissé à 1.5 €

>Des résultats annuels bons, mais sans grande surprise - Les résultats annuels de TUI sont bons, globalement en ligne avec les attentes aussi bien sur la topline que sur la profitabilité ; les chiffres confirment les commentaires positifs du management à l’occasion de la publication du trading update en septembre. Le groupe profite, comme attendu, de la forte reprise de l’activité au T4 (sur la saison estivale, les volumes ont atteint 93% de ceux de 2019), aussi bien ...
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

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