Tui share price rises as it promises 10pc profit growth May 13, 2015 The figures Fresh from its recent merger with its German owner, holiday giant Tui said this morning revenues grew 7.3 per cent to €6.9bn (£5bn) in the six months to the end of March, up from €6.4bn during the same period last year. Its loss on earnings before interest, taxation and amortisation fell 20 per cent, from a loss of [...]
Tui upbeat after strong demand for unique holidays and rise in online bookings March 25, 2015 The numbers Tui group has issued an optimistic trading statement. Average selling prices in the majority of source markets is toward the higher end and are up one per cent. Online bookings have climbed 12 per cent over the past six months and summer bookings are up one per cent. Why it's interesting In January, following [...]
TUI on course for profit growth after merger February 10, 2015 The figures Tui Group has reported a 23.5 per cent jump in earnings before interest, tax, depreciation and amortisation in its first quarter, and a 5.4 per cent jump in revenues – in line with expectations. Hotels and resorts performed particularly well during the period, it added. The newly formed entity, forged through a merger [...]
Tui Travel spent £29m on senior staff in last year January 4, 2015 Holiday company Tui Travel paid out a total of £29m to its directors in the 12 months to the 30 September, with chief executive Peter Long pocketing total remuneration of £13m, compared with £11m in 2013. The payouts were revealed in Tui’s results for the 2014 financial year, which showed that revenue had fallen by [...]
Tui Travel completes merger with its German parent company December 17, 2014 Tui Travel has completed its merger with its German parent company Tui AG. Tui AG shares will be admitted to the London Stock Exchange with effect from 8:00am. From today, Tui AG shares will also trade on the Frankfurt Stock Exchange. Dr Klaus Mangold, chairman of the supervisory board of Tui AG, said: Tui and [...]
Tui Travel posts soaraway profits in final results before merger December 4, 2014 UK TRAVEL operator Tui Travel yesterday reported a higher profit for its last financial year driven by strong demand in the UK, Germany and Netherlands for its higher margin “unique holidays”. The Thomson and First Choice owner said it had also halved losses from its French tour operating business. In its last set of results [...]
Tui share price rises ahead of merger with German parent December 4, 2014 Tui Travel has reported a three per cent rise in pre-tax profits to £472m ahead of its merger with parent company Tui AG. The travel company behind Thomson and First Choice posted operating profits of £612m, up four per cent on last year and an increase of 11 per cent to £654m on a constant [...]
Triumphant Germans provide Tui Travel reason to cheer as sales rise October 2, 2014 TUI TRAVEL yesterday revealed optimistic profit forecasts for the year after strong sales over the summer, particularly from the UK and Germany which are both expected to hit record profits. There was a significant surge in bookings for Tui from Germany after victory in the World Cup, with package holiday sales up 22 per cent. [...]
UK’s Tui Travel agrees merger with its parent September 15, 2014 UK company TUI Travel yesterday agreed the terms of its all-shares merger with its German parent TUI, creating the biggest integrated leisure tourism group. The combined group would be based in Germany, TUI said, with a premium listing on the London Stock Exchange and a secondary listing in Germany. The deal, which would need the [...]
Tui Travel stays on track to hit full-year goals May 13, 2014 TUI TRAVEL reported a better than expected loss in the first half yesterday, driven by a strong performance in Germany and a jump in online bookings, which helped offset the impact of the late Easter this year. The owner of Thomson and First Choice posted an operating loss of £298m compared with a £289m loss [...]