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Economy — News — Record sales — Hanover — Tourism — Lower Saxony — Turnover — Germany — wanderlust — TUI — Financial year — Coronavirus

Travel enthusiasm and higher prices bring Tui record sales

The travel group Tui was hit hard by the restrictions imposed during the pandemic years. That is now over, profits and sales are rising, with revenues even reaching a record level.

,   and  ZEITUNG «AUSSIEDLERBOTE»
1 min read
TUI's turnover rose to a record level in the past financial year. Photo.aussiedlerbote.de
TUI's turnover rose to a record level in the past financial year. Photo.aussiedlerbote.de

Tourism - Travel enthusiasm and higher prices bring Tui record sales

The return of the desire to travel after the corona pandemic has 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 received a surplus of 306 million euros after a loss of 277 million a year earlier, as the company announced in Hanover.

Thanks in part to higher travel prices, turnover rose by a quarter to a record 20.7 billion euros, while operating profit adjusted for special items (adjusted EBIT) soared from 409 million to 977 million euros. In the new financial year to the end of September 2024, CEO Sebastian Ebel aims to increase sales by at least ten percent and adjusted operating profit by at least a quarter.

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Source: www.stern.de

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