TUI AG (TUI1) ORD REG SHS NPV

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HL comment (13 August 2025)
No recommendation - No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.
TUI’s third-quarter revenue was up 7% to €6.2bn, beating estimates, supported by increased volumes and higher prices.
Underlying operating profit rose by 38% to €321mn (€268mn expected), driven by strong performances in the Holiday Experiences and Cruises segments.
Underlying free cash outflow for the first nine months was €0.2bn. Net debt improved by €0.2bn to €1.9bn.
Bookings for the key summer period are down 2%. However, early indicators for winter bookings are showing positive momentum.
Full year revenue growth is expected at the lower end of the 5-10% range, but underlying operating profit guidance has been raised from 7-10% to 9-11%.
The shares were up 2.2% in early trading.
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TUI key facts
Forward price/earnings ratio (next 12 months): 5.9
Ten year average forward price/earnings ratio: 6.4
Prospective dividend yield (next 12 months): 3.6%
Ten year average prospective dividend yield: 2.9%
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by Refinitiv. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.
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