For the northern region (UK & Ireland, Nordics, Canada and Russia), turnover grew 6.4% to €1.18 billion but underlying Ebita (earnings before interest, taxation and amortization) was -6.1% to €-31.1 million.
Of the northern region, Tui said the growth in earnings was attributable to "various factors" including a good trading performance, the use of the group’s own centrally launched yield management and CRM systems and the migration from the local brand to the global Tui brand.
"In the UK, demand for Tui holidays remains strong and the rebrand is progressing very well," Tui said in its trading statement.
