Annual Press Conference 2004
TUI AG has held its own well in 2003, which was a difficult year for the holiday industry. 'Against this uniquely difficult background, our Group has coped well with the challenges. We stand solid as a rock in a competitive environment', said Dr Michael Frenzel, CEO of TUI AG, at the annual press conference in Hanover. Thanks to the Group's successful divestments and positive operating results of the divisions, he was able to present an extraordinarily good result. Earnings were clearly positive, even in the tourism business which was extremely difficult in 2003. Group profit for the year also rose strongly. Net debt was significantly reduced, as planned.
More information |
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| Statement by Dr Michael Frenzel | Statement by Dr Michael Frenzel as text file. |
| Statement by Dr Michael Frenzel in PDF format | Statement by Dr Michael Frenzel as PDF file (54 KB). |
| Statement by Rainer Feuerhake | Statement by Rainer Feuerhake as text file. |
| Statement by Rainer Feuerhake in PDF format | Statement by Rainer Feuerhake as PDF file (65 KB). |
Photos of the Annual Press Conference 31 March 2004 |
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Dr Michael Frenzel welcomes the journalists to TUI's Annual Press Conference.
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TUI's Annual Press Conference in Hanover. Each year the Executive Board of TUI presents it's annual financial statements at TUI Headquarters.
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Things are looking good. The tourism division exceeded expectations in 2003, said Dr Michael Frenzel at TUI's Annual Press Conference.
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Rainer Feuerhake, Executive Director Finance
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