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Tui Group full-year earnings up 11%; similar growth forecast for 2019

Operators
Jennifer Morris
13 December 2018

Tui Group has reported a full-year underlying profit growth of 10.9% and expects similarly strong growth for 2019 despite “a challenging market environment”.

Tui headquarters

For the financial year October 1, 2017, to September 30, 2018, Tui Group’s underlying ebita (earnings before interest, taxes, depreciation, and amortization) increased by 4.1% to €1.147 billion including foreign exchange translation and by 10.9% to €1.222 billion on a constant currency basis.

Turnover growth was 5.3% to 19.5 billion including foreign exchange translation effects and 6.3% to €19.7 billion on a constant currency basis.

The board is proposing a dividend of €0.72 per share.

Tui said again that its “transformation from traditional tour operator to tourism business” had “again paid off”.