Prior to entering its close period ahead of reporting its FY Results for the 12 months ending 30 September 2017 on 13 December 2017, TUI Group announces the following update on current trading.
Chief Executive of TUI Group, Friedrich Joussen, commented:
“As we near the end of the third financial year post merger, our results and trading performance show that we are consistently delivering our growth strategy. Our hotel and cruise brands continue to perform very well, having further expanded their unique offering this year; and the growth in Source Market customers demonstrates the strong appeal of our holidays and distribution capability. At this early stage, overall trading for future seasons remains in line with our expectations. Whilst there are at times external factors which can create uncertainty in specific markets and destinations, we are confident that our balanced portfolio, content led growth strategy and integrated model leave us well positioned to continue to deliver against our plans. We are therefore pleased to reiterate our guidance of at least 10% growth in underlying EBITA for the financial year 2016/171, and look forward to providing an update on our strategy this December.”
1 At constant foreign exchange translation rates applied in the current and prior period, and based on the current group structure