Successful RCF refinancing: TUI upsizes its core financing instrument and returns to a five-year tenor
Revolving Credit Facility (RCF) upsized from €1.65 billion to approx. €1.9 billion
Return to a tenor of five years
Link to the achievement of sustainability targets remains in place
CFO Mathias Kiep: ‘We are laying the foundation for profitable growth. The successful refinancing of our credit lines reflects the positive operational and financial performance of the Group. It is a vote of confidence in TUI.’
The Group has made a promising start to the new year, reporting a 13 per cent increase in revenue to 4.9 billion euros and an eightfold increase in EBIT to 50.6 million euros for Q1 2025. The trend is continuing: even in times of change and economic uncertainty, holidays remain a priority for people. The hotel and cruise business is growing steadily and is extremely profitable. With the initiated transformation, TUI aims to strengthen its tour operator business in core European markets while driving growth in new markets. The guidance for the current financial year 2025 was confirmed.
TUI CFO Mathias Kiep: ‘TUI is laying the foundation for profitable growth. The successful refinancing of our credit lines reflects the Group's positive operating and balance sheet performance. This is also reflected in the recent rating upgrades by Moody's and S&P's, as well as the rating from Fitch for the first time. In addition, the strong demand for participation in the RCF underlines the Group’s successful strategy and future growth prospects. A vote of confidence for TUI.’
About TUI Group
The TUI Group is one of the world's leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. TUI Group offers its over 20 million customers integrated services from a single source and forms the entire tourism value chain under one roof. The Group owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 17 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK. The Group also includes Europe's leading tour operator brands and online marketing platforms, for example for hotel-only or flight-only offers, 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 and cruises via successful joint ventures and activities in vacation destinations, TUI is increasingly focusing on the expansion of digital platforms. The Group is transforming itself into a global tourism platform company.
Global responsibility for sustainable economic, environmental and social action is at the heart of our corporate culture. With projects in 25 countries, 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. In this way, it supports the development of vacation destinations. The globally active TUI Care Foundation initiates projects that create new opportunities for the next generation.
