Where can I find an overview of outstanding TUI bonds?

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How is TUI rated by rating agencies?

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Has TUI Group set itself financial targets?

FY 2024 guidance1

Our focus is on operational excellence and execution. Our strategic roadmap, the strong operational recovery and the measures taken to strengthen our balance sheet, lay the foundations for future profitable growth. Our guidance for FY 2024 is provided within the framework of the current macroeconomic as well as geopolitical uncertainties especially in the Middle East. It is based on the strong performance in Q1 and the current positive booking momentum across both seasons, as well as a return to a normal hedging policy. Against this background, we reconfirm our guidance for FY 2024 published in our Annual Report 2023:

  • We expect revenue to increase by at least 10% year-on-year
  • We expect underlying EBIT to increase by at least 25% year-on-year


Mid-Term Ambitions 

We have a clear strategy to accelerate profitable growth by increasing the customer lifetime value, creating a business which is more agile, more cost-efficient and achieving a higher speed to market with the aim to create additional shareholder value. Our mid-term ambitions are as follows:

  • Generate underlying EBIT growth of c. 7-10% CAGR
  • Target net leverage2 strongly below 1.0x
  • Return to a credit rating territory in line with our pre-pandemic rating BB/Ba (S&P/Moody’s)

 

1Based on constant currency and within the framework of the macroeconomic and geopolitical uncertainties currently known, including
developments in the Middle East
2 Net leverage ratio defined as net debt (Financial liabilities plus lease liabilities less cash & cash equivalents less other current financial assets)
divided by underlying EBITDA