News

TUI Group Increases Turnover by 6.3%, EBITA by 10.9%

TUI Group Increases Turnover by 6.3%, EBITA by 10.9%

The TUI Group delivered double-digit earnings growth in its financial year to end-September 2018 for the fourth consecutive year. The Group’s transformation as a developer, investor and operator of hotels and cruise ships is paying off, with these subsidiaries accounting for around 70% of earnings. The Group’s operating result climbed by 10.9%, with turnover up by 6.3%.

Fritz Joussen, Chief Executive, said: “We are investing, we are growing with TUI’s high-margin products and services and our businesses are increasingly scaling. Today, our own Holiday Experiences content account for more than 70% of our earnings: hotels, cruises, excursions and destination activities. This enables us to clearly differentiate ourselves from the competition. With more than 20 million customers, use of state-of-the-art IT and intelligent customer systems, we have considerable potential for new business, turnover and earnings. We will continue our successful transformation: The next step will transform TUI into a digital and platform organisation.”

For the financial year to end-September 2019, the TUI Executive Board expects to deliver growth in underlying earnings of at least 10% in a challenging market environment.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

Aer Lingus Unveils Brand Refresh with A330-300 in New Livery

Neil SteedmanJanuary 18, 2019

Irish Cruise Market Grew 8.8% in January-September Period – CLIA

Neil SteedmanJanuary 17, 2019

CAR Advises Trade on Aviation Licences in Event of No Deal Brexit

Neil SteedmanJanuary 17, 2019

Ryanair Holidays is “Discontinuing” Its Service

Neil SteedmanJanuary 17, 2019

Great Value Travel Deals – 17th January 2019

Neil SteedmanJanuary 17, 2019

Shannon Airport Welcomes Opportunity to Extend US Preclearance Facilities

Neil SteedmanJanuary 17, 2019

Finnair to Fly to Sapporo in Japan

Michael FloodJanuary 17, 2019

Dublin Airport Sets New Passenger Record in 2018

Michael FloodJanuary 17, 2019

Turkish Airlines Bowling Tournament Excitement Has Begun

Michael FloodJanuary 17, 2019

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland