Underlying Ebita (earnings before interest, taxes and amortization) for the group’s northern region – comprising the UK and Ireland, the Nordics, Canada and Russia – dropped by 80.2% year-on-year from €81 million to €16 million.
While Tui’s Q3 financial results showed UK bookings were ahead of last year (86% sold for the group), margins have reduced “primarily due to the weaker pound and also as a result of the weather”.
Despite the weather, Tui Group is maintaining its full year profits forecast, helped by “very strong bookings in the first nine months – up 4% year-on-year”.
