At € 14.1 billion, turnover in the tourism division was on previous year’s level despite the divestments of the business travel activities as well as the majority interest in TUI InfoTec both shown in the Other tourism sector. Adjusted for the development of turnover in Other tourism, turnover grew by 1.2%. Significant year-on-year turnover growth was achieved in the Western Europe sector in source markets Netherlands and Belgium. The destinations sector also managed to increase its turnover both in the agency and hotel business.
The shipping division increased its turnover by 63.1% to € 6.3 billion. Growth was mainly driven by the additional turnover volume of CP Ships, the container shipping line acquired in October 2005.
At € 177 million, central operations posted a 34.5% year-on-year decline in turnover in the 2006 financial year. This was due to a decrease in turnover by the real estate companies due to the divestment of parts of the property portfolio already effected at the end of the 2005 financial year. Another reason for the decline in turnover was the divestment of the majority interest in Wolf GmbH, a heating and air conditioning company, in October 2006.
