on TUI AG (isin : DE000TUAG000)
TUI AG: Pre-Close Trading Update for FY24
On September 24, 2024, TUI Group shared a pre-close trading update ahead of its full-year results announcement scheduled for December 11, 2024. The company is set to deliver a strong fiscal year 2024 (FY24), in line with expectations.
Booking momentum and a robust close to Summer 2024 have put TUI in a favorable position. For Summer 2024, Markets & Airlines bookings increased by 6% and Average Selling Prices (ASP) by 3%. The Holiday Experiences segment also performed well, supported by the expanded TUI Cruises fleet. Looking ahead, Winter 2024/25 bookings are up 7% with a 5% increase in ASP.
The company's mid-term ambitions include generating EBIT growth of 7%-10% CAGR and targeting a net leverage ratio below 1.0x. TUI remains committed to its strategy of unlocking significant value and ensuring profitable growth.
R. E.
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