2004 Annual General Meeting
TUI, Europe's leading tourism Group, is going to continue expanding its activities in Eastern Europe. "We have now succeeded in finding a partner in Russia and will be acquiring a promising equity interest in a tourism company in the next few weeks", announced Chairman of the Executive Board Dr Michael Frenzel at today's AGM in Hanover. He declared to be satisfied with current developments in the Group's core business, tourism. The winter closed with 6.1 per cent growth in sales, and the summer is now 3.3 per cent ahead of last year. Altogether, sales for the tourism year 2003/2004 are up by 4.5 per cent.
More information is available here.
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. |
| 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. |
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The TUI AG Annual General Meeting took place on 18 May 2004, in the Hanover Congress Centre. Shareholders were informed by the Executive Board and the Supervisory Board on the performance of the Group
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Dr. Michael Frenzel gave his statement about the strategy of acquisitions and divestments of TUI Group at the AGM 2004.
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"We have now succeeded in finding a partner in Russia and will be acquiring a promising equity interest in a tourism company in the next few weeks", announced Chairman of the Executive Board Dr Michael Frenzel.
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Dr Michael Frenzel declared to be satisfied with current developments in the Group's core business, tourism. The winter closed with 6.1 per cent growth in sales, and the summer is now 3.3 per cent ahead of last year.
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Rainer Feuerhake, CFO, presented and commented on the main items and changes in the Group's consolidated financial statement for 2003. |