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Tui: UK package market profit margins normalising with weaker pound

Operators
Jennifer Morris
13 December 2017

Margins across the package holiday market for the UK are normalising according to Tui, as it reports 12% full-year profit growth for the group.

September

The results for the financial year ended September 30 represent the third consecutive year of double-digit earnings growth for the group.

As well as underlying profits, or Ebita (earnings before interest, taxes, depreciation, and amortization) for the group being up 12% (at constant currency) to €1,102 million, turnover was up 11.7%, also on a constant currency basis.

The group expects to deliver at least 10% growth in underlying Ebita in for the full-year 2018, and extends its previous guidance of at least 10% underlying Ebita (compound annual growth rate) to full-year 2020.