TUI Group’s CEOs Fritz Joussen and Peter Long will update analysts and investors on the progress of the post-merger integration, provide an update on strategy and set out the plans for growth in London on 13 May 2015. It will be the first update since the merger between TUI AG and TUI Travel PLC nearly 5 months ago. On the same morning the Group will also present the results for the first half of financial year 2014/15. The TUI Group is domiciled in Germany and is listed on the premium segment of the London Stock Exchange (FTSE 100) and at the Frankfurt Stock Exchange.
“The merger has been successfully completed. Our executives and employees are driving the strategy of our integrated tourism Group at a high pace and with great commitment”, said Joussen. After the TUI Group’s first global Senior Management Conference held in Berlin, 91 per cent of the 200 participants expressed their strong motivation to pursue and deliver the strategic goals. 96 per cent of the Group’s top management are proud to be part of the new TUI.
In the first three months after the merger, Fritz Joussen focused, in particular, on spending time on dialogue with employees. He visited the headquarters of the major national subsidiaries in Europe, meeting more than 5,000 employees from Stockholm to Majorca between January and March. His visits to the markets also included town hall meetings with employees and meetings with the local management, junior talents and trade union or works council representatives of the national subsidiaries.
At the Capital Markets Update, Joussen and Long will present more detailed information on the Group strategy. “Following the good start we can now continue to implement our integration and deliver our growth strategy,” said Joussen. Peter Long added, "Right from the start we believed in this compelling merger which will deliver growth and create continued long-term value for all our stakeholders. Everything that I have seen at TUI Group confirms this belief."
The TUI share closed at 1.202,000 GBp on 6 May 2015. The TUI Group’s current market capitalisation is around 9.5 billion euros.