TUI Group has achieved record sales in the second quarter of the 2024 financial year. Turnover rose by almost 16 percent to 3.65 billion euros. Last year, this was 3.2 billion euros. TUI Group announced the figures on Wednesday. The operating result (EBIT, earnings before interest and taxes, ed.) even improved by more than 22 percent to a deficit of 188.7 million euros. This is an improvement of 54 million euros compared to the same period of the previous financial year (-242 million euros). For TUI’s Board of Directors, this is reason to stick to the original forecast for the entire financial year, which runs from 1 October 2023 to 30 September 2024. In the current financial year, sales are expected to increase by at least ten percent and profits (before interest and taxes) by at least 25 percent. TUI CEO Sebastian Ebel expects the positive trend to continue. “Traveling is very popular with people. We see trends that will further reinforce this in the future: experiences are becoming more important than possessions and the middle class is growing in many parts of the world.” TUI Group wants to further convert these trends into ‘profitable growth’, says Ebel.
“We expect the positive development in our business to continue in the second half of the year, but we are also aware of the current macroeconomic and geopolitical uncertainties, especially in the Middle East.” TUI Group counted 2.8 million guests in the second quarter. This is 14 percent more than last year (2.4 million). Photo: Sebastian Ebel (Photo TUI Group).
