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"Travelling is very popular. The trends are intact. We see growth opportunities in new markets, through a broader offering and additional target groups. The transformation of the segments remains a central component of our strategy. The first two quarters of the year were very successful in operational terms. This underlines our strength in growing profitably in a dynamic market environment. We are aware of the ongoing challenges in the geopolitical environment and confirm our expectations regarding sales and earnings growth."
— Sebastian Ebel, CEO TUI AG
Highlights
Summary
- Travel enthusiasm remains unabated in Q2 2024: TUI achieves record turnover of 3.6 billion euros (previous year: 3.2 billion euros)
- Adjusted Group EBIT in the second financial quarter, which is typically weaker in the industry, improves significantly by 54 million euros to -189 million euros
- Holiday Experiences segment: top results at Hotels & Resorts and Cruises boost adjusted EBIT by 91 million euros to 171 million euros in Q2 2024
- 2.8 million guests travelled on holiday with TUI in the reporting period, 14 per cent more than in the previous year
- Continued promising booking trend and good demand for summer 2024, bookings +5 per cent and average prices +4 per cent, currently 60 per cent of the programme has been sold
- Group confirms full-year forecast: sales at least +10 per cent, adjusted EBIT at least +25 per cent
