TUI Group posted positive H1 16 figures, in line with our expectations. The FY16 guidance was maintained (+10% in underlying EBITA, +10% underlying EBITA CAGR over 2017-18). Sales rose by 2.7% lfl while the seasonal operating loss narrowed by 16.3% (underlying EBITA at €237m). Summer 16 trading in line with expectations A strong UK market but Turkey has subdued the Nordic and the German markets Trends pointed to a 1% and 2% rise in bookings and sales respectively (bookings up 8% excludin
17 May 2016
Reassuring summer 16 figures
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Reassuring summer 16 figures
TUI AG (TUI:LON) | 598 140.6 4.1% | Mkt Cap: 3,036m
- Published:
17 May 2016 -
Author:
Bérénice Lacroix -
Pages:
3
TUI Group posted positive H1 16 figures, in line with our expectations. The FY16 guidance was maintained (+10% in underlying EBITA, +10% underlying EBITA CAGR over 2017-18). Sales rose by 2.7% lfl while the seasonal operating loss narrowed by 16.3% (underlying EBITA at €237m). Summer 16 trading in line with expectations A strong UK market but Turkey has subdued the Nordic and the German markets Trends pointed to a 1% and 2% rise in bookings and sales respectively (bookings up 8% excludin