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Trading statements

TUI maintains profit guidance

28 September 2017 09:52

TUI has maintained its guidance of at least 10% growth in underlying EBITDA for the financial year 2016/17, despite the impact of the recent hurricanes.

Friedrich Joussen, chief executive of TUI Group, said the hotel and cruise brands continue to perform very well.

He said growth in source market customers demonstrates the strong appeal of its holidays and distribution capability.

Overall trading for future seasons remains in line with expectations.

"Whilst there are at times external factors which can create uncertainty in specific markets and destinations, we are confident that our balanced portfolio, content led growth strategy and integrated model leave us well positioned to continue to deliver against our plans," Joussen said.

Total revenues over the summer rose 9%, while its programmes were 97% sold.

At 9:52am: (LON:TUI) TUI AG share price was -7.5p at 1257.5p

Story provided by StockMarketWire.com

Related Company: TUI

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