Q3 revenue came in at £2.48bn (+10% yoy), underlying operating profit was £443m (-3% yoy) with a gross margin decline of 240bp. Summer FY 18 bookings up 11%, mainly supported by the increasing capacity in Airline in Germany but offset by the lower package holiday booking due to the hot weather as expected. Outlook 2018 updated: Thomas cook now expects the growth in FY underlying operating profit to be in the lowest range of market expectations. The mid-term outlook remains unchang
31 Jul 2018
Hot weather limited booking numbers
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
Hot weather limited booking numbers
Thomas Cook Group (TCG:LON) | 0 0 0.3% | Mkt Cap: 1,871m
- Published:
31 Jul 2018 -
Author:
Jie Zhang - Pages:
-
Q3 revenue came in at £2.48bn (+10% yoy), underlying operating profit was £443m (-3% yoy) with a gross margin decline of 240bp. Summer FY 18 bookings up 11%, mainly supported by the increasing capacity in Airline in Germany but offset by the lower package holiday booking due to the hot weather as expected. Outlook 2018 updated: Thomas cook now expects the growth in FY underlying operating profit to be in the lowest range of market expectations. The mid-term outlook remains unchang