​Tui Group, ‘Tui’, the world’s largest integrated tourism company, held a conference call today to present an excellent set of 1Q16/17 results. In a seasonally weak quarter, revenues at constant currency posted a strong 8.5% growth to €3.3bn well above the +3% guidance for the full year. Performance on the underlying EBITA front followed revenue development with an improvement to -€67m from -€80m at the same period last year. Hotels and Cruises divisions deserve a mention, contribu...
​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 buoyan...
TUIGR EUR 4.5% 10/2019 (01/10/2016 @ 102.25) @ 105.5, YTW: 0.36%, Z+43bps, Ba3/BBFY14/ Strong FY14/15 with growth in revenue and underlying EBITA TUI Group (TUI), the listed German world-leading multinational travel and tourism group, reported that FY14/15 revenue was €20.0bn, rising by +3.6% yoy on a comparable basis (+8.0% yoy on a reported basis). Underlying EBITA improved significantly by +15% yoy to €1,069m when the positive €65m FX effect is excluded, and despite the €52m negativ...
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