TUI AG: FQ3 continues positive trend

TUI AG delivered strong FQ3 2024 results, with revenues of EUR 5.8bn (+9% yoy) beating consensus by 2%, driven by a 16% yoy growth in Holiday Experiences, particularly Cruises (+22%), and a solid 9% growth in Markets & Airlines. Underlying EBIT of EUR 232m (+37% yoy) also exceeded expectations by EUR 20m, supported by significant improvements across all segments. Booking trends for Summer 2024 remain robust, with bookings up 6% and ASPs up 3%, while early indications for Winter 2024/25 are promising. Free cash flow improved to EUR 1.24bn, up EUR 80m yoy, with a continued focus on reducing net debt and enhancing the credit rating. mwb research’s analysts maintain their BUY rating with a price target of EUR 16.00.

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Die TUI Aktie wird zum Zeitpunkt der Veröffentlichung der Nachricht mit einem Minus von -1,15 % und einem Kurs von 5,68EUR auf Tradegate (14. August 2024, 13:43 Uhr) gehandelt.