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Holiday giant Tui (TUI1.DE) has hailed the highest annual earnings in its history, but forecast more modest sales growth in the year ahead as it flagged a challenging trading backdrop.
The German firm, which is Europe’s biggest tour operator, reported underlying earnings up 12.6% on a constant currency basis to €1.46bn (£1.27bn) for the year to 30 September as revenues rose 4.4%. Meanwhile, it saw pre-tax earnings rise 20% to €1.03bn
The group said earnings were set to grow over the year ahead, by between 7% to 10%, while revenues are expected to rise by a slower 2% to 4%.
The guidance is given “acknowledging the current trading environment as well as prevailing macroeconomic and geopolitical uncertainties,” according to Tui.
It said early signs were “positive” for summer 2026, “with booked revenue well ahead in what remains a challenging operating environment”.
Popular destinations for next year include Greece, the Balearics and Turkey, according to the firm.
The record annual earnings haul for 2025-25 beats the upgraded guidance given by the firm in August, when it raised its outlook after solid summer demand.
Sebastian Ebel, chief executive of TUI Group, said:
He said the group was expanding its use of artificial intelligence (AI), which he said was a “great opportunity”.