TUI Expects Continued Growth in Package Holidays
(Reuters) - Europe's largest tour operator TUI on Wednesday reported a boost in profit in the 2024 financial year and projected further growth into 2025 as it bolsters its package holiday business to meet rising demand.
TUI's underlying earnings before interest and tax (EBIT) in its financial year ending September rose by 33% to 1.3 billion euros ($1.37 billion) versus 0.9 billion euros last year.
Analysts polled by LSEG had expected an annual profit of 1.293 billion euros.
For 2025, the company expects EBIT to increase by 7 to 10%, and revenue to grow by 5 to 10%, versus guidance for 25% EBIT and a 10% revenue growth this year.
($1 = 0.9504 euros)
(Reporting by Andrey Sychev and Joanna Plucinska, editing by Rachel More)
