Sebastian Ebel, CEO of TUI Group: "This is a very important day for TUI. Together with the WSF, we had agreed on a roadmap to repay the state aid and implemented it consistently and swiftly. Today we are repaying the remaining aid from the WSF including interest. Sustainable travel demand, a future-proof business model, the confidence of the capital market and the state as well as the support of our shareholders and all TUI employees worldwide have made this possible. We are very grateful to all those involved. TUI is strengthened and on course, now the focus is on profitable growth."
With the proceeds from the capital increase with subscription rights of around 1.8 billion euros, TUI will also repay a large part of the current drawdown of the bank credit facility (RCF) in addition to the WSF aid. The framework of the undrawn KfW credit line will also be significantly reduced to 1.1 billion euros.
TUI had received a total of three state stabilisation packages worth around 4.3 billion euros. These have been gradually returned, including interest, since the beginning of 2022 by means of several equity measures and through the return of the operating business. The undrawn credit line from KfW remains in the amount of 1.1 billion euros.
TUI Group is a leading global tourism group and operates worldwide. The Group is headquartered in Germany. TUI shares are listed on the FTSE 250, an index of the London Stock Exchange, on the regulated market of the Hanover Stock Exchange and on the Open Market segment of the Frankfurt Stock Exchange. The TUI Group offers integrated services from a single source for its 21 million customers.
The entire tourism value chain is covered under one roof. This includes over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 16 cruise ships, from the MS Europa and the MS Europa 2 in the luxury class and expedition ships to the Mein Schiff fleet of TUI Cruises and cruise ships at Marella Cruises in Great Britain. The Group also includes leading tour operator brands and online marketing platforms across Europe, five airlines with more than 130 modern medium and long-haul aircraft and around 1,200 travel agencies. In addition to expanding its core business with hotels, cruises via successful joint ventures and activities in holiday destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a digital company.
Global responsibility for sustainable economic, ecological and social action is at the core of our corporate culture. The TUI Care Foundation, initiated by TUI, focuses on the positive effects of tourism, on education and training and on strengthening environmental and social standards with projects in 25 countries. It thus supports holiday destinations in their development.
Nicola Gehrt, Group Director Investor Relations
+ 49 (0)511 566 1435
Adrian Bell, Senior Investor Relations Manager
+49 (0)511 566 2332
James Trimble, Investor Relations Manager
+ 44 (0)1582 315 293
Stefan Keese, Investor Relations Manager (Retail Investors)
+ 49 (0)511 566 1387
Kuzey Alexander Esener, Head of Media Relations
+ 49 (0)511 566 6024