As Tui Travel releases results with growth of 11%, which is bigger than its targets, it has claimed the merger with Tui AG will “strengthen and future-proof” its business.
The vertically integrated operator has reported an 11% increase in underlying profit at constant currency rates to £654 million with underlying operating profit up to £612 million for the year ending September 30, 2014.
The increase came about despite a 3% drop in revenue to £14.6 billion and was driven by strong performances in the UK, Germany and the Netherlands, while French tour operator losses have been halved.
