3rd quarter 2007
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Turnover by divisions
| € million | Q3 2007 | Q3 2006 | Var. % | 9M 2007 | 9M 2006 | Var. % |
|---|---|---|---|---|---|---|
| Tourism | 5,792.8 | 5,160.8 | + 12.2 | 12,028.3 | 11,312.9 | + 6.3 |
| Central Europe | 2,161.2 | 2,137.5 | + 1.1 | 4,797.5 | 4,597.2 | + 4.4 |
| Northern Europe | 1,710.0 | 1,743.4 | - 1.9 | 3,766.0 | 3,893.3 | - 3.3 |
| Western Europe | 1,179.4 | 1,069.9 | + 10.2 | 2,439.3 | 2,306.3 | + 5.8 |
| Incoming agencies | 115.3 | 108.4 | + 6.4 | 223.7 | 197.1 | + 13.5 |
| Other tourism | – | 3.2 | – | – | 70.9 | – |
| First Choice Holidays1) | 500.1 | – | – | 500.1 | – | – |
| TUI Hotels & Resorts | 126.8 | 98.4 | + 28.9 | 301.7 | 248.1 | + 21.6 |
| Shipping | 1,606.8 | 1,511.0 | + 6.3 | 4,644.7 | 4,756.4 | - 2.3 |
| Central operations | 2.9 | 67.9 | - 95.7 | 20.4 | 172.5 | - 88.2 |
| Continuing operations | 7,402.5 | 6,739.7 | + 9.8 | 16,693.4 | 16,241.8 | + 2.8 |
| Discontinuing operations | – | – | – | – | 401.0 | – |
| Turnover by divisions | 7,402.5 | 6,739.7 | + 9.8 | 16,693.4 | 16,642.8 | + 0.3 |
1) September only
Earnings by divisions Q3 (EBITA)
|
€ million |
Q3 2007 |
Q3 2006 |
Var. % |
Q3 2007 Underlying |
Q3 2006 Underlying |
Var. % |
|---|---|---|---|---|---|---|
| Tourism | 631 | 584 | + 8.0 | 681 | 594 | + 14.6 |
| Central Europe | 141 | 173 | - 18.5 | 146 | 175 | - 16.6 |
| Northern Europe | 239 | 235 | + 1.7 | 257 | 235 | + 9.4 |
| Western Europe | 108 | 67 | + 61.2 | 110 | 74 | + 48.6 |
| Incoming agencies | 32 | 29 | + 10.3 | 32 | 29 | + 10.3 |
| Other tourism | 0 | - 3 | – | – | - 2 | – |
| First Choice Holidays1) | 10 | – | – | 35 | – | – |
| TUI Hotels & Resorts | 101 | 83 | + 21.7 | 101 | 83 | + 21.7 |
| Shipping | 103 | - 25 | n. m. | 115 | 9 | n. m. |
| Central operations | 34 | - 30 | n. m. | 34 | - 30 | n. m. |
| Continuing operations | 768 | 529 | + 45.2 | 830 | 573 | + 44.9 |
| Discontinuing operations | – | 6 | – | – | – | – |
| Earnings by divisions (EBITA) | 768 | 535 | + 43.6 | 830 | 573 | +44.9 |
1) September only
Earnings by divisions 9M (EBITA)
|
€ million |
9M 2007 |
9M 2006 |
Var. % |
9M 2007 Underlying |
9M 2006 Underlying |
Var. % |
|---|---|---|---|---|---|---|
| Tourism | 407 | 653 | - 37.7 | 502 | 523 | - 4.0 |
| Central Europe | 84 | 137 | - 38.7 | 100 | 145 | - 31.0 |
| Northern Europe | 84 | 186 | - 54.8 | 130 | 186 | - 30.1 |
| Western Europe | 51 | 28 | + 82.1 | 59 | 33 | + 78.8 |
| Incoming agencies | 46 | 46 | 0.0 | 46 | 46 | 0.0 |
| Other tourism | 0 | 146 | – | – | - 3 | – |
| First Choice Holidays1) | 10 | – | – | 35 | – | – |
| TUI Hotels & Resorts | 132 | 110 | + 20.0 | 132 | 116 | + 13.8 |
| Shipping | 257 | - 91 | n. m. | 88 | 77 | + 14.3 |
| Central operations | 26 | - 14 | n. m. | 32 | - 29 | n.m. |
| Continuing operations | 690 | 548 | + 25.9 | 622 | 571 | + 8.9 |
| Discontinuing operations | – | 29 | – | – | 30 | – |
| Earnings by divisions (EBITA) | 690 | 577 | + 19.6 | 622 | 601 | + 3.5 |
1) September only
Consolidated profit and loss statement
| € million | Q3 2007 | Q3 2006 | Var. % | 9M 2007 | 9M 2006 | Var. % | |
|---|---|---|---|---|---|---|---|
| Turnover | 7,402.5 | 6,739.7 | + 9,8 | 16,693.4 | 16,241.8 | + 2.8 | |
| Cost of sales | 6,301.3 | 5,911.2 | + 6.6 | 15,454.0 | 15,042.5 | + 2.7 | |
| Gross profit | 1,101.2 | 828.5 | + 32.9 | 1,239.4 | 1,199.3 | + 3.3 | |
| Administrative expenses | 388.9 | 335.6 | + 15.9 | 875.7 | 969.3 | - 9.7 | |
| Other income/other expenses | 27.0 | 11.7 | + 130.8 | 276.3 | 264.0 | + 4.7 | |
| Impairment of goodwill | 33.6 | 0.0 | – | 33.6 | 0.0 | – | |
| Financial result | - 78.0 | - 55.5 | - 40.5 | - 194.0 | - 156.4 | - 24.0 | |
| - Financial income | 62.2 | 42.0 | + 48.1 | 148.3 | 139.7 | + 6.2 | |
| - Financial expenses | 140.2 | 97.5 | + 43.8 | 342.3 | 296.1 | + 15.6 | |
| Result from companies measured at equity | 30.4 | 24.2 | + 25.6 | 50.9 | 40.1 | + 26.9 | |
| Earnings before income taxes | 658.1 | 473.3 | + 39.0 | 463.3 | 377.7 | + 22.7 | |
| Reconciliation to underlying earnings: | |||||||
| Earninges before income taxes | 658.1 | 473.3 | + 39.0 | 463.3 | 377.7 | + 22.7 | |
| Interest result and earnings from the valuation of interest hedges | 76.0 | 56.0 | + 35.7 | 192.6 | 170.7 | + 12.8 | |
| Impairment of goodwill | 33.6 | 0.0 | – | 33.6 | 0.0 | – | |
| EBITA from continuing operations1) | 767.7 | 529.3 | + 45.0 | 689.5 | 548.4 | + 25.7 | |
| Adjustments: | |||||||
| Gains on disposals | - 7.9 | 1.0 | - 200.7 | -162.0 | |||
| Restructuring expenses | 4.8 | - 1.8 | 16.2 | 73.9 | |||
| Purchase price allocation | 35.3 | 19.6 | 76.2 | 60.7 | |||
| Other one-off items | 29.6 | 25.2 | 40.6 | 65.4 | |||
| Revaluation of convertible options | 0.0 | 0.0 | 0.0 | - 15.0 | |||
| Underlying EBITA from continuing operations | 829.5 | 573.3 | + 44.7 | 621.8 | 571.4 | + 8.8 | |
| Earnings before income taxes | 658.1 | 473.3 | + 39.0 | 463.3 | 377.7 | + 22.7 | |
| Income taxes | 198.4 | 176.7 | + 12.3 | 41.6 | 145.8 | - 71.5 | |
| Earnings from continuing operations | 459.7 | 296.6 | + 55.0 | 421.7 | 231.9 | + 81.8 | |
| Earnings from discontinuing operations | 0.0 | 3.2 | – | 0.0 | 16.2 | – | |
| Group profit | 459.7 | 299.8 | + 53.3 | 421.7 | 248.1 | + 70.0 | |
| - attributable to shareholders of TUI AG | 438.6 | 273.4 | + 60.4 | 377.8 | 208.3 | + 81.4 | |
| - attributable to minority interests | 21.1 | 26.4 | - 20.1 | 43.9 | 39.8 | + 10.3 | |
| Group profit | 459.7 | 299.8 | + 53.3 | 421.7 | 248.1 | + 70.0 | |
| Basic earnings per share | in € | + 1.72 | + 1.09 | + 57.8 | + 1.43 | + 0.83 | + 72.3 |
| Diluted earnings per share | in € | + 1.58 | + 1.05 | + 50.5 | + 1.38 | + 0.81 | + 70.4 |
1) EBITA represents earnings before interests, taxes on income and amortisation of goodwill.