Annual Press Conference 2006
TUI AG has successfully completed the 2005 financial year. The Group’s core businesses tourism and shipping continued the positive trend of the previous year. Turnover in the tourism division rose 5.8 per cent to 14.1 billion euros, outperforming the global travel market. In shipping, turnover grew by 42.7 per cent to 3.8 billion euros. Overall Group turnover by divisions stood at 19.6 billion euros, an increase of 8.7 per cent year-on-year.
Prospects: TUI AG maintains its medium-term earnings goals for tourism. A further improvement in earnings is targeted in 2006. In particular in the large source markets Germany, UK and France, earnings have benefited from the cost-cutting and efficiency improvement programmes initiated in previous years. In shipping, the programme to integrate CP Ships is progressing according to plan.
More information |
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| Speech by Dr. Michael Frenzel |
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| Speech by Rainer Feuerhake |
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| Press release |
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Annual Press Conference 2006 |
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Dr. Michael Frenzel, TUI AG's CEO, reviewed the 2005 financial year and discussed the outlook for the TUI Group. |