TUI AG today presents preliminary figures for the 2007 financial year. Group turnover for the continuing operations grew by almost 7 per cent to 21.9 billion euros (previous year: 20.5 billion euros). Underlying earnings by the continuing operations (underlying EBITA) increased by 47 per cent year-on-year to 616 million euros (previous year: 419 million euros).
Turnover by the tourism division grew by 11 per cent to 15.6 billion euros (previous year: 14.1 billion euros) in the 2007 financial year. Earnings by the tourism division (underlying EBITA) rose by almost 14 per cent year-on-year to 449 million euros (previous year: 395 million euros). Both TUI Travel and TUI Hotels & Resorts have made a positive contribution to the earnings’ increase. Turnover by the shipping division slightly decreased by 1 per cent to 6.2 billion euros (previous year: 6.3 billion euros) in the 2007 financial year. Earnings (underlying EBITA) rose by 121 per cent to 197 million euros (previous year: 89 million euros). The container shipping division as well as the cruise activities have contributed to the increase in earnings.
TUI AG will publish detailed information on the 2007 financial year at its annual press briefing and analysts’ meeting on Tuesday, 18 March 2008.
1.186 characters