TUI is set to report full-year revenue of €24.2bn, up 4.4% at constant currency, coming in slightly below its 5-10% guidance range. Both of the group’s business segments contributed positively to the growth.
Underlying operating profit rose 12.6% to €1.5bn, exceeding its 9–11% growth guidance. Performance was driven by record results in Hotels & Resorts and Cruises.
Further details alongside a new shareholder return strategy will be given at full-year results on 10 December.
The shares were up 3.4% at the time of the announcement.
Our view
HL view to follow
TUI key facts
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