TUI AG : The lack of visibility and likely future dilution lead us to remain cautious on the stock. Underperform, target price lowered to € 1.5
>Decent full-year results but no major surprises - TUI’s full-year results are strong, broadly in line with estimates for both the top line and profitability. The figures confirm management’s positive comments at the publication of the trading update in September. As expected, the group benefited from the sharp upturn in activity in Q4 (for the summer season, volumes reached 93% of those for 2019) for both volumes and average prices, which were broadly above pre-crisi...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.