Nov. 13 at 11:21 AM
$TUIFF Shorties must act now !
UPDATE 1-Tour operator TUI reports annual profit above own guidance
urope's biggest tour operator TUI
on Wednesday said earnings during its 2025 fiscal
year exceeded its guidance, driven by strong hotel and cruise
demand.
Underlying earnings before interest and taxes for its fiscal
year, which ended on September 30, came in at 1.46 billion euros
(
$1.70 billion) at constant currencies.
That was up 12.6% from a year earlier, surpassing the
company's target for a rise of between 9% and 11%.
"This success is primarily driven by our integrated business
model and record results in the Hotels & Resorts and Cruises
segments," CEO Sebastian Ebel said in a statement.
Shares were up 3.4% to 7.52 euros at 1443 GMT.
revenue for the year was up 4.4% to 24.19
billion euros at constant currencies, the company said.
TUI will announce its final full-year results and a new
shareholder return strategy on December 10.
(
$1 = 0.8575 euros)