TUI Group records €448m annual profit following merger


The TUI Group has outperformed its earnings guidance for the full financial year. “The first year following the restructuring of the TUI Group was completed with a very strong set of results,” said Fritz Joussen, chief executive TUI Group. The operating result (underlying EBITA) climbed by 22.9 per cent to 1.069 billion euros (previous year €870 million). It amounted to €1.004 billion on a constant currency basis, up 15.4 per cent.