The restrictions of the pandemic years had caused problems for the travel company Tui. That’s over, profits and sales are increasing, revenues even reaching a record level.
The return of the desire to travel after the corona pandemic brought the world’s largest travel group Tui back into the black in the past financial year. In the twelve months to the end of September, shareholders accounted for a surplus of 306 million euros after a loss of 277 million a year earlier, as the company announced in Hanover.
Thanks to increased travel prices, sales increased by a quarter to a record level of 20.7 billion euros, and the operating profit adjusted for special items (adjusted EBIT) shot up from 409 million to 977 million euros. In the new financial year until the end of September 2024, CEO Sebastian Ebel wants to increase sales by at least ten percent and adjusted operating profit by at least a quarter.
Source: Stern
