The travel giant Tui is optimistic: bookings for both winter and summer are currently eight percent higher than a year ago. Customers spend an average of four percent more on their vacation. Throughout the financial year until the end of September, CEO Sebastian Ebel wants to continue increasing operating profit by at least a quarter to a record value of more than €1.2 billion.
Quarterly sales up 15 percent, profits up
In the last quarter, Tui increased its sales by 15 percent year-on-year to 4.3 billion euros. Before interest, taxes and special effects (adjusted EBIT), there was a profit of six million euros after a loss of 153 million a year earlier. Otherwise, the group is usually in the red in these months when travel is slow. Net losses attributable to shareholders have been reduced by approximately half, to just under €123 million.
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