TUI Group Reports Strong Financial Results for FY2024

TUI Group has unveiled its full-year financial results ending 30 September 2024, showcasing substantial growth and alignment with strategic guidance. The company reported a 12% increase in revenue to €23.2 billion and a 33% rise in underlying EBIT to €1.3 billion. This growth was driven by robust performance across its Hotels & Resorts and Cruises segments, bolstered by strong consumer demand and an enhanced product offering.

The group managed to serve 20.3 million customers, a 7% increase, with an average load factor of 92%. Operating cash flow improved by €0.3 billion to €1.5 billion, contributing to a reduction in net debt by €0.5 billion. Notably, TUI's credit rating improved, with S&P and Moody’s upgrading their outlook to B+ and B1, respectively.

Looking ahead, TUI's FY2025 guidance anticipates revenue growth of 5%-10% and underlying EBIT growth of 7%-10%, despite the current higher cost environment. The company remains focused on sustainable growth and operational excellence, supported by ongoing strategic initiatives.