Tui Group - FY15/16 Results
​Tui Group ‘Tui’, the world’s largest integrated tourism company, held a conference call today to discuss another set of unsurprisingly strong results. Revenues for FY15/16 improved by 1.4% at constant currency to €17.1bn, broadly in the line with the "around 2%" guidance. More importantly, underlying EBITA outperformed the revised guidance of +12%/13% with a 14.5% increase to €1,001m. Tui’s diversified offering, rapid re-alignment of capacity with focus on owned hotels, and buoyant growth in cruises helped more than offset the shrinking...
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