Wednesday, December 17: The merger of British tour operator TUI Travel and its German parent company, TUI AG, completed today creating TUI Group (LON:TUIJ), the world's largest leisure and tourism company. As of today, TUI Group shares are listed with the ticker symbol TUIJ on the London Stock Exchange’s Main Market. They are also included in the FTSE UK indices, and the premium FTSE 100 index.

TUI Group is the world’s number one integrated tourism business. From now on, the broad portfolio gathered under the Group umbrella will consist of strong tour operators, 1,800 travel agencies and leading online portals, six airlines more than 130 aircraft, over 300 hotels with 210,000 beds, twelve cruise liners and countless incoming agencies in all major holiday destinations around the globe. This integrated offering will enable us to provide our 30 million customers with an unmatched holiday experience in 180 regions. A key feature of our corporate culture is our global responsibility for economic, environmental and social sustainability. This is reflected in more than 20 years of commitment to sustainable tourism. In 2013/14 financial year the TUI Group with a headcount of 77,000 recorded turnover of €18.7 bn and an operating result of €869m. The TUI Group’s share is listed on the London Stock Exchange in the FTSE index and in the regulated market of the Frankfurt Stock Exchange.

http://www.tuigroup.com/en



Link to the TUI TRAVEL thread before the merger.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=16836#lastread




Calendar


10 February 2015 Annual General Meeting
February 2015 First Quarter Report 2014/15
May 2015 Half-Year Report 2014/15
August 2015 Interim Report 9 month 2014/15
December 2015 Annual Report 2014/15

Reasons for the Merger

http://www.tuigroup.com/en/investors/about-merger

Barclays Capital Overweight 1,087.50 1,090.00 - 1,320.00 Initiates/Starts

22 Dec Deutsche Bank 1,320.00 Buy

Sharecast = TUI continues to face non-negligible risks in the form of a higher pound and continuing overcapacity in the airline industry. However, the firm is holding out the promise of €170m in merger benefits. Indeed, the nil-premium merger between TUI Travel and its German majority shareholder, TUI, will lead to the creation of a company that will dominate its sector. Worth pointing out, the balance sheet will be extraordinarily strong. Once an online accomodation business and its 22% stake in Hapag-Lloyd container shipping are disposed of the firm may be left with €2.5bn of cash on its hands. Then there is the stock´s 6.2% dividend yield. The shares are worth holding even if only for that income, Tempus says.

Get packing...travel companies start luxury holiday price war: Thomson and Thomas Cook go head to head to tempt families into breaks in Miami, Mexico and Mauritius
Holiday giants Thomson and Thomas Cook are putting luxury long haul holidays to the likes of Mauritius and Miami at heart of New Year price war
Teletext Holidays bringing in extra staff to cope with bookings this week

By Sean Poulter, Consumer Affairs Editor For The Daily Mail

Published: 00:21, 26 December 2014 | Updated: 12:52, 26 December 2014

http://www.dailymail.co.uk/news/article-2887288/Get-packing-travel-companies-start-luxury-holiday-price-war-Thomson-Thomas-Cook-head-head-tempt-families-breaks-Miami-Mexico-Mauritius.html

Holiday bookings rocket as chilly Britons plan escapes to the sun - and trips to Tenerife are in hot demand after Birds of a Feather Christmas special
Thomson and First Choice report record numbers of searches over Christmas and Boxing Day
Dalaman in Turkey was the most searched for destination
Tenerife proved popular after the Canary Islands featured in a Birds of a Feather Christmas special



http://www.dailymail.co.uk/money/holidays/article-2892451/Holiday-bookings-rocket-chilly-Britons-plan-escapes-sun-trips-Tenerife-hot-demand-Birds-Feather-Christmas-special.html

Tour operators ordered to cut the cost of package holidays after dramatic fall in oil price made flights and coaches cheaper
Lib Dem Danny Alexander writes to travel companies to demand price cuts
Price of oil has fallen to a six-year low, leading to sharp falls in petrol
But few holiday companies have reduced costs of travel and flights



http://www.dailymail.co.uk/news/article-2908167/Tour-operators-ordered-cut-cost-package-holidays-dramatic-fall-oil-price-flights-coaches-cheaper.html

15 Jan Credit Suisse 1,275.00 Outperform

26 Jan Nomura 1,344.00 Buy

4 Feb Deutsche Bank 1,320.00 Buy
4 Feb JP Morgan... 1,325.00 Overweight

Tuesday's agenda - TUI travels onto radar
By Giles Gwinnett
February 09 2015, 8:00pm
Tuesday's agenda - TUI travels onto radar


Travel giant (LON:TUI) will fly onto the radar Tuesday with first quarter numbers.

The huge group was formed from the merger of London-listed TUI travel and the German majority owner TUI AG in December 2014.

It has plans to bundle airline operations and the market will be intererested to hear on developments on this.

Prior to its union in December, the old TUI delivered a 3% rise in pre-tax profits for the year to end September, 2014.

The Thomson and First Choice operator posted a £475mln underlying profit before tax for the year to September, slightly higher than the £461mln it made in 2013.

Revenue for the year was £14.6bn, down 3% on last year's £15bn, which was blamed on an "adverse foreign currency translation impact".

Performance in the UK, Netherlands and Germany picked up while its French tour operator halved its losses.

Weakness in the Nordics in the first half of the year held things back, along with tougher trading conditions in Russia and Ukraine.

Shares have had a reasonable run in the last month, rising around 3%.

1st Quarter Results

HIGHLIGHTS

· 15% improvement in the underlying operating result1, excluding profit on sale of Riu Waikiki
· Travel (formerly TUI Travel) result in line with our expectations
· Hotels & Resorts (formerly TUI Hotels & Resorts) and Cruises delivered a significant increase in profitability, including the profit on sale of a hotel
· Pleased with overall trading to date for Winter 2014/15 and Summer 2015
· Post-merger integration underway - delivery of synergies will commence during this financial year
· Mainstream strategy is progressing, from growing profitability to profitable top-line growth
· Evaluating options to manage Non-Mainstream for growth and value
· Confident of delivering full year underlying operating profit growth of 10% to 15% at constant currency1

Sharecast -TUI Group confident of 10%-15% growth as merger cruises to serene start

Tue, 10 February 2015


TUI Group confident of 10%-15% growth as merger cruises to serene start



TUI Group, the holiday giant formed when London's Tui Travel merged with its German sister company in December, has sailed off to an encouraging start to 2015 buoyed by a "significant" increase in profitability in ocean cruises, hotels and resorts.
Thanks to the successful launch in the first quarter and benefits from the merger on the horizon for this year, the FTSE 100 company said it was "confident of delivering full year underlying operating profit growth of 10% to 15%".

In the first quarter, revenue swelled to €3.54bn, up 5.4% from the restated combined results of the two companies, with group underlying operating losses reduced by €33m to €108m, not including a €5m currency loss or a €16m profit on sale of the Riu Waikiki hotel in Gran Canaria.

The strong performance from hotels & resorts was driven by improved yield performance, while the cruises unit returned to profitability thanks in part to strong growth at TUI Cruises, while the tour operating business was broadly flat.

The wholesale accommodation business continued to outperform the market, with 24% growth in total transaction values (TTV) for this summer driven by growth in Asia, Latin America and the USA.

Overall, mainstream holiday performance during the quarter was in line with internal expectations, with the strategy having been developed from a focus on "growing profitability" to a new aim for "profitable top-line growth".

In non-mainstream, the group said it was now "evaluating our options to manage these businesses for growth and value", with a likely initial public offer (IPO) or trade sale for part-owned shipping and cruises business Hapag-Lloyd.

The current booking position appeared to be good, with 84% of the winter programme sold at higher selling prices in most source markets, although the group is reported to be experiencing margin pressure in Germany

For summer 2015, TUI is pleased with trading to date, though mainstream bookings are down 1%, with approximately 32% of the programme sold, in line with prior year, with average selling prices up 1%. Winter trading is similar in terms of customer numbers.

Tui's joint chief executives, Friedrich Joussen and Peter Long, said: "We are delighted to announce our first set of results as TUI Group, having delivered 15% improvement in the underlying operating result. This reflects a significant increase in profitability in hotels & resorts and cruises.

"The Travel result is in line with our expectations. We have continued to grow unique holidays and online bookings across all key source markets and expect to deliver growth in the underlying operating result in the remainder of the year."

Analysts at Shore Capital were reassured by the first statement post the merger and by the pursuit of profitable top-line growth.

"We suspect that the 7-10% annual profit growth from Travel out to 2017 could prove stronger for longer."

They added: "During the year we would expect progress on implementing merger synergies, exiting Hapag-Lloyd AG and delivering value from non-core assets.

"We have set out a roadmap for some circa €2 per share of earnings by 2020. Including cash returns this could equate to at least €24 per share by the end of the decade. We see today's update as a milestone on this journey."

18 Mar Morgan Stanley 1,370.00 Overweight
18 Feb Deutsche Bank N/A Buy

On Wednesday, travel group TUI sends out an update.

There will be a particular focus on the level of growth in selling prices and the performance of the higher margin “unique” holiday offerings, reckons broker The Share Centre, given the group’s target of 10%-15% growth in operating profit for the full year.

The market will also be interested in how the integration of TUI travel and TUI AG is progressing and the latest assessment of the potential synergies and opportunities resulting from the combination.




http://www.proactiveinvestors.co.uk/companies/market_reports/78515/week-ahead-brave-new-world-for-ftse-100-wolseley-tui-easyjet-update--0000.html

24 Mar Credit Suisse 1,275.00 Outperform

Trading statement

Highlights



Pleased with Mainstream trading



· Winter 2014/15 closing out as expected, with higher average selling prices in most source markets, up 1% overall.



· Pleased with Summer 2015 - bookings up 1% and average selling prices up 1%:

o Demand for our unique holidays continues to rise, accounting for 74% of Summer bookings to date, up three percentage points on prior year.

o Strong growth in online bookings, up 12% on prior year.






//////////////////////////////////////////////////////////////////////////////////////////////////


TUI Group on track to hit profit targets

By Andrew Neil

March 25 2015, 7:45am
The company, the world's largest leisure tourism group which competes against Thomas Cook, is due to publish its first-half results in May.


Travel firm TUI Group told investors it’s on track to grow its full-year operating profit by between 10 and 15%, helped by a rise in online holiday bookings.

The company, formed in December from the merger of London-listed TUI travel and German majority owner TUI AG, also said that its first half-result this year will beat last year’s.

In an update, the business said online bookings are up 12% on the prior year, while average holiday selling prices are up 1%.

Summer bookings are up 1% on the previous period, helped by demand for its unique holidays, which account for 74% of summer packages to date.

The Hotels & Resorts business is performing well, according to the business, with improved occupancy rates and yield while cruise sales continue to grow.

In February, TUI Group performed in line with expectations 23.5% jump in EBITDA in its first quarter, and a 5.4% jump in revenues - in line with expectations.

The company, the world's largest leisure tourism group which competes against Thomas Cook, is due to publish its first-half results in May.

dc,

I have amended the epic in the thread header as per your request,

Ian

Cheers Ian

1 Apr Deutsche Bank 1,375.00 Buy

9 Apr Barclays... 1,342.00 Overweight

14 Apr Nomura 1,386.00 Buy

TUI 'looking to sell' LateRooms

GERMAN travel giant TUI is reportedly set to check out of Manchester-based LateRooms.com, the online hotel booking service it has owned since 2007TUI, which owns the Thomson and First Choice brands, is looking to raise hundreds of millions of pounds from the sale of non-core assets, Sky News said. The broadcaster said that TUI has appointed Arma Partners, a London-based advisory firm, to oversee the sale process.Based at the Peninsular Building on Cheetham Hill Road, the company, which was founded by three brothers in Salford, was .....

8 May Exane BNP... 1,300.00 Outperform

TUI: Credit Suisse reiterates outperform and 1,320p target.

Interim Results for the six months ended 31 March 2015

STRONG H1 PERFORMANCE AND STRATEGIC AGENDA DEFINED

HIGHLIGHTS

· 14% improvement in operating result (excluding profit on sale of Riu Waikiki and Europa 2 refinancing benefit)
· Source Markets result improved based on the good performance in Northern and Western Region
· Former TUI AG Hotels & Resorts and Cruises delivered a significant increase in profitability
· Pleased with overall Summer 2015 trading
· Remain confident of delivering full year underlying operating profit growth of 10% to 15% in 2014/151
· Post-merger integration underway with a faster pace
· Strategic agenda defined and new operational structure implemented
· Our unique integrated business model and clear roadmap for growth give us confidence that TUI Group has the ability to deliver at least 10% underlying EBITA CAGR over the next three years3 - further details will be available in our Capital Markets Update to be held later today

Part 2.

I just hope everything goes wrong with the Dreamliner and then TUI
Reasons, being German a company , there is European plane maker to choose from ... Airbus
personal reasons: I only use TUI once before and I had a bad experience.... The plane was new but they could not control the cold inside the cabin, so I reached the destination almost frozen, we were late, and I had to pay extra for hand luggage 65 euros , cos was 10 Kilos instead of 5 Kilos


Boeing And TUI Finalise USD257 Million Dreamliner Order
Thu, 14th May 2015 10:29

CHICAGO (Alliance News) - Aerospace and defense giant Boeing Co Thursday said it has finalised an order for one 787-9 Dreamliner with an option for one further 787-9 from German travel and tourism group TUI AG.

The order is valued at USD257 million at current list prices. TUI Group also announced that it will substitute two unfilled orders for 787-8s for two 787-9s.

The European leisure group will operate a fleet of 13 787-8s from this summer and with latest announcement will add three 787-9s to its fleet within the next three years.

There are six airlines in the TUI Group operating 144 medium and long-haul aircraft, including the 787. Boeing has delivered more than 165 airplanes to TUI Group airlines. As well as the orders for 787s, TUI Group also has ordered 60 737 MAXs.

Market Buzz



Tue, 26 May 2015

Citi lifts TUI target price but cautious about cash flow



Citigroup has lifted its target price for TUI AG from 1,150p to 1,250p but kept a 'neutral' recommendation, saying it sees no cash returns in the near term at the travel operator.
Following TUI's full-year results two weeks ago, Citi said management was "doing a good job at carving out EBITA growth (>10% per annum) in a tough market".

However, it said that this growth has come at the expense of higher capital expenditure and restructuring charges, which reduce free cash flow and lift debt.

"We now expect close to zero year end net debt for the next three-four years, rather than growing net cash balances. Apart from the dividend we see little scope for near term cash returns especially considering the c€1.4bn pension deficit and c€900m per annum rental payments," Citi concluded.

The stock was down 0.9% at 1,170p by 11:18.

TUI: Nomura ups target to 1,920p from 1,870p and stays at buy.

3rd Quarter Results

This quarter was marked by the tragic events in Tunisia at the end of June.

Supporting our customers, their families and our staff through this sad time remains our highest priority.

We are very proud of the commitment and dedication our colleagues have shown throughout this unprecedented situation.

Strong growth in underlying EBITA which reflects the continued delivery of our strategy and resilience of our business model.

Robust current trading overall for Summer 2015.

Based on current trading we are confident of delivering underlying EBITA growth of 12.5 % to 15 % in the current financial year and at least 10 % underlying EBITA CAGR over the next three years1.

more....

14 Aug Jefferies... 1,160.00 Hold
14 Aug JP Morgan... 1,285.00 Overweight
10 Aug Citigroup N/A Neutral
10 Aug Nomura N/A Buy
10 Aug JP Morgan... 1,275.00 Overweight
6 Aug Deutsche Bank 1,235.00 Buy

17 Aug Deutsche Bank 1,385.00 Buy

15 Sep JP Morgan... 1,320.00 Overweight

Market Buzz

Nomura reiterates TUI's 'buy' rating

Thu, 31 March 2016


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Nomura reiterates TUI's 'buy' rating



Tui AG Quote more






Price: 13.70

Chg: 0.63

Chg %: 4.86%

Date: 17:30



Deutsche Boerse MDAX index Quote


Price: 20,385.02 Chg: -109.98 Chg %: -0.54% Date: 17:30

(ShareCast News) - TUI AG's 'buy' rating and target price of €22.60 (£17.85) were left unchanged by Nomura after the company said summer holidays were higher than last year.
The group said it is was on track to meet its target of growing core earnings by at least 10% this year as it reported a 2% increase in summer bookings.

Tui sold 47% of its summer holiday programme, in line with last year, and at 1% higher average selling prices, meaning revenue from the programme has been lifted 3%.

"This compares favourably with Thomas Cook, which last week reported bookings down 5% year-on-year and pricing unchanged, demonstrating, in our view, a superior product (differentiated) and its proven ability to quickly reshape programme in the light of geopolitical events," Nomura said.

The cruise arm was said to be delivering continued growth, driven by strong demand for the latest in the Mein Schiff cruise ships, which is due to be launched this July.

The first half of the year has been focused on the winter programme, which has closed out almost fully sold at 95%.

"We forecast 14% earnings per share compound annual growth rate (2015-18), which is well supported by structural growth at its market-leading tour operator division, its cruise division expansion plans, its hotel roll-out programme and merger synergies," said Nomura.

"We therefore retain our 'buy' rating."

Shares rose 5.35% to 1,083p at 1037 BST

Market Buzz

TUI rallies as Deutsche says it expects strong summer

Mon, 09 May 2016


TUI rallies as Deutsche says it expects strong summer

(ShareCast News) - Tour operator TUI was top of the leader board on Monday as Deutsche Bank expressed confidence that the company would enjoy a strong summer.
"We believe TUI will enjoy a strong summer because its fast remix of capacity should deliver good results as visitors return to the more traditional European tourist destinations (Spain) and classic long-haul destinations around Central America and the Caribbean," the bank said.

It said the streamlining currently underway at TUI will make the company a more focused and content-driven tour operator, which in itself is a good thing.

"More importantly however, as the TUI 'conglomerate' becomes simpler we think the market will realise that it is really three businesses (a hotelier, a cruise liner and a tour operator) rather than just a tour operator," said DB as it reiterated its 'buy' stance.

The bank pointed out that hoteliers and cruise liners tend to trade at premium multiples to tour operators, so unlocking these two additional businesses should enhance shareholder value substantially.

At the first-half results on Wednesday, Deutsche expects management to reiterate confidence in +10% growth in earnings before interest, tax and amortisation in full-year 2016.

At 1507 BST, TUI shares were up 3.5% to 1,035p.

timberrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Tui Group's revenues shrank in the third quarter but the travel group was still confident of hitting its full year targets and said it was pleased with the start to early trading for the winter season and Summer 2017. Turnover of €4.6bn in the three months to 30 June was down 5.7% on the same period, and short of analysts expectations, while earnings before interest, tax, depreciation and amortisation rose 1.1% to €180m.

StockMarketWire.com
TUI AG has reiterated its guidance of at least 10% growth in group underlying EBITA for 2016/17.

Chief Executive Friedrich Joussen said the Winter 2016/17 was closing out as expected, with a good performance by Hotels & Resorts, Cruise and growth in Source Market revenues, increasingly booked via direct and online channels.

"Overall, Summer 2017 remains in line with our expectations, with almost half of the Source Markets' programme sold, further openings scheduled in our Group hotel brands, and cruise ship launches in both TUI Cruises and the UK," said Joussen.

He added that TUI was progressing its transformation as an integrated tourism business focused on own hotel and cruise brands, financed by strong cash flows and proceeds from the disposals of Hotelbeds Group and Travelopia, creating a more competitive and less seasonal business for the long term.

"Whilst the impact of macroeconomic and geopolitical challenges is evident in certain source markets and destinations, our balanced portfolio of markets and destinations, our focus on growth in own hotel and cruise brands and our strong balance sheet put us in a robust position," Joussen said.

"We therefore reiterate our guidance of at least 10% growth in Group underlying EBITA in 2016/17."

TUI said total revenue was up 9% across its source markets, with rises in Northern Region (11% up), Central Region (7%) and Western Region (6%). Overall, customer numbers rose 5%.

While there were rises in the majority of underlying countries in these regions, the Nordics saw a single-digit drop off in each of revenue and customer numbers.

08:10 14/08/2017
Broker Forecast - Credit Suisse issues a broker note on TUI AG
Credit Suisse today upgrades its investment rating on TUI AG (LON:TUI) to neutral (from underperform) and raised its price target to 1300p (from 1100p). Story provided by StockMarketWire.com

13:40 05/09/2017
Broker Forecast - Barclays Capital issues a broker note on TUI AG
Barclays Capital today reaffirms its overweight investment rating on TUI AG (LON:TUI) and raised its price target to 1480p (from 1270p). Story provided by StockMarketWire.com

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not correctly sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

Pre-close trading update

7 Nov
Barclays...
1,480.00
Overweight

Full year results

HIGHLIGHTS
�
Third consecutive year of strong earnings growth, with 12% increase in underlying EBITA1 and 34% increase in underlying EPS1
�
Continuing to transform our business - 56% of our earnings are now delivered from own hotel and cruise brands, with a strong ROIC performance and less seasonal profile
�
Post-merger phase is complete - double digit annual earnings growth with strong cash conversion and strong ROIC performance continues, driven increasingly by market demand and digitalisation benefits, as well as disciplined expansion of own hotel and cruise content
�
Strong cash conversion plus EUR2 billion disposal proceeds enable us to finance growth, pay an attractive dividend and strengthen the balance sheet
�
Trading for future seasons is progressing well overall - our balanced portfolio of markets and destinations and strong competitive position leave us well placed to deliver further growth
�
Expect to deliver at least 10% growth in underlying EBITA in FY181 and extend our previous guidance of at least 10% underlying EBITA CAGR to FY201
�
Our ambition - strong strategic positioning, strong earnings growth and strong cash generation, with underlying EBITA doubling between FY14 and FY20

Tui AG (TUI:LSE) set a new 52-week high during today's trading session when it reached 1,442.00. Over this period, the share price is up 33.80%.

First quarter results

Q1 Highlights
We have delivered a good start to the year. Q1 turnover increased by 9 %1�to�EUR 3,581 m and underlying�EBITA�improved by�EUR 35 m to - EUR 25 m. Growth was delivered with strong demand for our Holiday Experiences and a good portfolio performance by Sales & Marketing.
We have simplified our segmental reporting. Destination Services�
is a key part of our customers' holiday experience, handling over 24�million transfers each year, and delivering tours and activities for 4.6�million guests. The results of this business were previously�
re��ported in Other Tourism. Given its strategic importance, in particular as we deliver the benefits of our One�CRM�initiative, Destination Services is now reported separately in the segmental results, and within Holiday Experiences (together with Hotels & Resorts and Cruises). Other Tourism and All Other Segments have been combined into one segment. There are no changes to the total numbers.

22 Feb
Barclays...
1,800.00
Overweight

11:20 03/05/2018
Broker Forecast - Deutsche Bank issues a broker note on TUI AG
Deutsche Bank today reaffirms its buy investment rating on TUI AG (LON:TUI) and raised its price target to 1800p (from 1600p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

13:10 25/07/2018
Broker Forecast - UBS issues a broker note on TUI AG
UBS today reaffirms its neutral investment rating on TUI AG (LON:TUI) and cut its price target to 1600p (from 1702p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

StockMarketWire.com
Holiday company TUI Group said trading had remained in line with expectations despite the hot summer in its main markets and therefore confirmed its guidance for underlying earnings to rise at least 10% this year.

"The number of customers purchasing holidays from us has grown in all major markets, even with the sustained period of hot weather in Northern Europe this Summer," said Chief Executive of TUI Group, Friedrich Joussen.

The company also benefited from the return in demand for Turkey and North Africa and increased demand for Greece, offsetting normalising demand levels in Spain.

It said it had a "strong pipeline" of hotel openings for next year and expected to deliver on its plan to open some 60 additional hotels by the end of the full year 2019. Whilst at an early stage, trading for future seasons was also overall in line with its expectations.

The company will issue its annual report on 13 December.

UBS Sell 1156.00 1200.00 Unchanged

TUI Cuts Earnings Outlook On Warm Weather And Weak Pound