4 December 2014

TUI Travel PLC: Full Year Preliminary Results Statement

  • Growth roadmap exceeded for the second year running - 11% increase in underlying operating profit1 on a constant currency basis2 
  • Mainstream strategy continues to deliver sustainable, profitable growth
  • Accommodation Wholesaler roadmap target surpassed - underlying operating profit1 up 21% on a constant currency basis2
  • Merger with TUI AG will accelerate long-term growth and future-proof our proven business model
  • Pleased with current trading for Winter 2014/15; Strong Summer 2015 UK trading continues

Peter Long, Chief Executive of TUI Travel PLC, commented:
"We have delivered another year of out-performance against our growth roadmap achieving an underlying operating profit growth of 11% at constant currency rates2. This demonstrates the strength and resilience of our business model in what has been a competitive trading environment for many tour operators and airlines. The combination of our market leadership position, scale, focus on unique holidays distributed increasingly online and our relationship with the customer throughout their whole holiday experience continues to provide a strong basis for sustainable, profitable growth.

"The merger with TUI AG will strengthen and future-proof our combined Group. It will also enhance the certainty of long-term unique holiday growth and reinforce our clear competitive advantage through further control over the end-to-end customer experience. This will mark the start of an exciting new phase of growth, delivering significant opportunities and value to customers, employees and shareholders.”

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  1. Underlying operating profit excludes separately disclosed items, acquisition related expenses, impairment of goodwill and financial assets and interest and taxation of results of the Group’s joint ventures and associates
  2. Constant currency basis assumes that constant foreign exchange translation rates are applied to the underlying operating result at prior year rates

Investor Contact

Sarah Coomes

Head of Investor Relations
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+44 (0)1293 645827

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  • Michael Sandler / Kate Hoare (Hudson Sandler)
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