Annual Report Press Conference 2003
TUI AG has made major strides in focusing on its business areas of tourism and logistics. In fiscal 2002, the company divested other non-core business areas and continued to reduce its debt as planned. At an early point in time, TUI AG initiated extensive cost-cutting measures and introduced a number of innovations in order to achieve a sustainable increase in the Group's profitability.
Dr. Michael Frenzel, the CEO of TUI AG, pointed out in this context: "In the rapidly changing environment, we repeatedly demonstrated our flexibility and adaptability. The Preussag tanker has been transformed into the TUI speedboat that will continue to benefit from its manoeuvrability and speed in future."
More informations |
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| Statement by Dr. Michael Frenzel | Here you can find the statement given by Dr. Michael Frenzel. |
| Statement by Dr. Michael Frenzel in the PDF format | Here you can download the statement given by Dr. Michael Frenzel as PDF file (75 KB). |