Q4 underlying EBITA was in line. TUI released guidance of underlying EBITA 2018 growing at least 10%, in line with the medium-term targets, and extended its expectation of an EBITA CAGR of at least 10% until 2020 (from 2019). Although we may slightly increase our estimates, all in all TUI looks well valued.
13 Dec 2017
EBITA CAGR of at least +10% extended to 2020
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EBITA CAGR of at least +10% extended to 2020
TUI AG (TUI:LON) | 576 -2.9 (-0.1%) | Mkt Cap: 2,922m
- Published:
13 Dec 2017 -
Author:
Marzio Foa -
Pages:
2
Q4 underlying EBITA was in line. TUI released guidance of underlying EBITA 2018 growing at least 10%, in line with the medium-term targets, and extended its expectation of an EBITA CAGR of at least 10% until 2020 (from 2019). Although we may slightly increase our estimates, all in all TUI looks well valued.