Has TUI Group set itself financial targets?

Following a leverage ratio of 3.0x for financial year 2019, the impact of COVID-19 and its cause for negative EBITDA in financial year 2020 resulted in a negative leverage ratio with limited value. TUI expects operating result to recover and the balance sheet structures to stabilise after the COVID-19 pandemic ends and therefore TUI aims to deliver a leverage ratio of less than 3.0x again. These targets should lead to a return to a capital allocation framework which balances the interests of all stakeholders.