TUI AG : Q2 in line with Q1. Our view of the business model is intact
>No change in the trend in Q2 - TUI interim results contained no major surprises: at -€ 310m, the adjusted EBITA loss at group level was not as steep as feared, although there is only limited visibility on the operational performance due to the seasonal nature of the business. Management thus confirmed the unfavourable momentum that the group has faced since the end of the 2018 summer season and that this has led to two consecutive profit warnings (with the second ess...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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