Travel operator TUI AG expects strong growth and improved profitability

  • TUI AG reports swing to net profit for FY23
  • Expects revenue for the year ahead to grow at least 10%
  • Winter 2023-24 bookings up 11% with average prices 5% higher
  • Net profit for FY23 was 305.8 million euros
  • Underlying EBIT of EUR999.3 million
  • TUI expects underlying EBIT growth of at least 25% for the year ahead
  • Revenue rose to EUR20.665 billion from EUR16.54 billion

TUI AG, the London-listed German travel operator, has reported a swing to net profit for fiscal year 2023. The company expects revenue for the year ahead to grow by at least 10%. Winter 2023-24 bookings have already shown promising results, with an 11% increase and average prices 5% higher. Net profit for FY23 was 305.8 million euros, compared to a loss of EUR277.3 million in the previous year. Underlying EBIT reached EUR999.3 million, a significant improvement from EUR320.0 million. TUI AG aims to achieve at least 25% growth in underlying EBIT for the upcoming year. Revenue also saw a notable increase, rising to EUR20.665 billion from EUR16.54 billion. Chief Executive Sebastian Ebel expressed optimism for the future, stating that the current bookings and early indications for next summer point towards further improvement in 2024.

Public Companies: TUI AG (TUI)
Private Companies:
Key People: Sebastian Ebel (Chief Executive)

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Factuality Level: 8
Justification: The article provides specific financial figures and statements from TUI AG, a London-listed German travel operator. The information is verifiable and based on the company’s official statements. However, it is important to note that the article does not provide any external sources or independent analysis to verify the claims made by TUI AG.

Noise Level: 7
Justification: The article provides financial information about TUI AG’s net profit, revenue, and bookings. However, it lacks analysis, evidence, or insights into the long-term trends or antifragility of the company. It also does not hold powerful people accountable or explore the consequences of decisions. The article stays on topic but lacks scientific rigor and intellectual honesty. Overall, it contains mostly factual information without providing actionable insights or new knowledge.

Financial Relevance: Yes
Financial Markets Impacted: TUI AG

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance of TUI AG, a German travel operator. It reports a swing to net profit for fiscal 2023 and expects revenue to grow at least 10% for the year ahead. There is no mention of any extreme event or its impact.

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