Q2 18 revenue was up +6.3% to €3.3bn and the underlying EBITA loss has improved from €157m to €134m, both broadly in line with consensus and our expectations. Management reiterated 2018 guidance: • Revenue growth at c. +3% (lfl, CER); • Underlying EBITA to grow at least 10%.
11 May 2018
Solid Q2: on track to deliver its FY growth target
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Solid Q2: on track to deliver its FY growth target
TUI AG (TUI:LON) | 598 140.6 4.1% | Mkt Cap: 3,036m
- Published:
11 May 2018 -
Author:
Jie Zhang -
Pages:
3
Q2 18 revenue was up +6.3% to €3.3bn and the underlying EBITA loss has improved from €157m to €134m, both broadly in line with consensus and our expectations. Management reiterated 2018 guidance: • Revenue growth at c. +3% (lfl, CER); • Underlying EBITA to grow at least 10%.