The tourism group Tui achieved impressive results in the third quarter of the 2024 financial year. With 5,8 million holidaymakers and record sales of 5,8 billion euros, the Tui Group can once again report a successful financial year. Sales increased by nine percent compared to the previous year, when the group generated 5,3 billion euros. This positive development underlines Tui's ongoing recovery and growth after the pandemic-related setbacks.
The third quarter of the 2024 financial year marks another milestone for Tui. The group achieved record sales of 5,8 billion euros, a significant increase of nine percent compared to the previous year. This reflects not only the increased number of holidaymakers, but also the company's ability to benefit from a robust price increase. Average prices were three percent higher than in the previous year, indicating strong demand and a positive market impact.
Adjusted Group EBIT, an important indicator for assessing operating profitability, rose by EUR 62 million to a total of EUR 232 million. This is the eighth consecutive quarter in which Tui has recorded double-digit growth in adjusted EBIT. Sebastian Ebel, CEO of Tui Group, was satisfied with the results and emphasized the company's continuous improvement in performance.
Summer bookings and outlook for the winter season
The booking situation for summer 2024 is also showing a positive development. 88 percent of the capacity has already been sold and bookings are six percent higher than last year. Particularly noteworthy is the positive development at Tui Germany, where the number of customers is ten percent higher than last year. This indicates a strong market position and a high level of customer trust in Tui's offering.
The outlook for the 2024/2025 winter season is also promising. Sebastian Ebel reported a "robust price level" and a high booking situation that is above the previous year's figures. This indicates that Tui will also benefit from stable demand and a solid financial foundation in the coming season.
Forecasts and long-term perspectives
In view of current developments, Tui is reaffirming its forecast for the full year 2024. The group expects a ten percent increase in sales and an increase in adjusted EBIT of at least 25 percent compared to the previous year. These forecasts reflect the optimistic assessment of the management and show confidence in future business development.
Tui has successfully recovered from the effects of the COVID-19 pandemic and its impressive quarterly results demonstrate that it is effectively implementing its business strategy. The continuous increase in revenue and profit, combined with strong bookings and positive market forecasts, indicate a stable and growing position in the tourism sector.
Despite the positive results, Tui also faces challenges. The tourism market remains volatile and factors such as geopolitical uncertainties, economic fluctuations and possible future pandemics could affect business development. Tui must continue to remain flexible and adaptable in order to respond to such uncertainties and secure its market position in the long term.
Overall, however, Tui appears to be well positioned to capitalize on the ongoing recovery in the tourism market. The positive third quarter results, strong booking figures for the summer and promising outlook for the winter season provide a solid foundation for future growth.
Through targeted investments, a strong market strategy and a robust business model, Tui is demonstrating that it can successfully overcome the challenges facing the industry and will continue to assert itself as a leading player in the global tourism sector.
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