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Tui reportedly set to reveal bumper full-year financials

Operators
James Chapple
10 December 2018

Tui is reportedly set to post full-year pre-tax profits in excess of €1 billion for a third year in succession, The Times reports.

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Despite the summer heatwave and World Cup stymying demand earlier this year, the operator is understood to have benefited from strong late bookings.


Analysts cited by The Times expect Tui revenue to reach €19.3 billion, up from €18.5 billion last year (December-December).


Pre-tax profits, meanwhile, are expected to come in at €1.04 billion. Tui posted underlying Ebita at constant currency of €1.121 last year (up from €1.001 billion in 2016), falling to €1.102 billion including foreign exchange effects.


In September, Tui said despite the hot summer, it was still projecting profit growth of 10%.