http://www.tuitravelplc.com/

TUI Travel is one of the world’s leading leisure travel groups, with over 220 trusted brands in 180 countries and more than 30 million customers.

‘Making travel experiences special’ underpins everything we do and keeps our focus on providing the unrivalled choice, professionalism and confidence our customers and stakeholders can rely on, now and in the future.

Our business is grouped into three sectors, comprising many of the best loved and market-leading travel brands worldwide – Mainstream, Accommodation & Destinations and Specialist & Activity. From the most popular holiday brands to an unparalleled collection of specialist travel providers, we offer the breadth and depth of experiences and expertise for every conceivable type of traveller.

We are a truly global business, employing approximately 55,000 people and operating in 31 key source markets worldwide. As a dynamic, influential company we are committed to responsible leadership in the travel sector. Our head office is in the UK and TUI Travel PLC is listed on the London Stock Exchange as a member of the FTSE 100 and FTSE4Good indices with the ticker code TT.

Should I Buy These Shares? Tui Travel plc, GKN plc, CRH plc, Melrose Industries plc and John Wood Group plc


Tui Travel (LSE: TT.L - news)

Tui Travel was flying last time I looked at it in late May, soaring 120% in the previous 12 months. I suggested that Tui (LSE: 0NLA.L - news) could have further to travel, and the sun shone on its Q3 results, with strong demand across key markets, growing appetite for its "unique" holidays, and an 18% rise in underlying operating profits to £87 million. Management is on target to achieve its full underlying operating profit growth of at least 10% this year. Travel should recover strongly if the economy keeps growing, and with forecast earnings per share (EPS) growth of 12% to September and 9% the year after, Tui could be worth a trip.


http://uk.finance.yahoo.com/news/buy-shares-tui-travel-plc-101342068.html

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Trading statement Thurs 26 Sept

MARKET REPORT: Travel companies Thomas Cook and TUI Travel expected to report brisk business in trading updates


http://www.dailymail.co.uk/money/markets/article-2427039/Thomas-Cook-TUI-Travel-expected-report-brisk-business.html

Thursday's agenda: Travel firms go head to head
By John Harrington
September 25 2013, 6:30pm
Thursday's agenda: Travel firms go head to head


Travel firms will be under the spotlight Thursday as 'back-from-the-brink' Thomas Cook (LON:TCG) will be releasing a trading statement, as will be sector peer TUI travel (LON:TT.).

Recently, broker Panmure Gordon pointed out that TUI is trading at a premium to its favoured stock, which is actually Thomas Cook, yet TUI holds less earnings growth potential.

“Whilst we believe TUI travel is a strong operator with good long-term growth potential, in our view Thomas Cook offers more substantial upside from the improvement in underlying like-for-like trading, in addition to potential increases to cost savings targets and future dividend payments," the broker said.

Meanwhile, Peel Hunt said of Thomas Cook: "The turnaround thus far has been dramatic, but we believe that there is more to come.

"From here comparatives will become more challenging and the easy wins have been made. However, margin targets seem reasonable and the quality and quantum of earnings should mean further share price outperformance."

Pre-Close Trading Update


Highlights


Robust Modern Mainstream model driving further positive momentum

- Full year underlying operating profit growth guidance increased - now confident of achieving at least 11% growth on a constant currency basis.


- Strong high-season Summer 2013 trading in the UK and Nordics with revenues up 8% and 10% respectively.


- For Winter 2013/14, we have sold approximately 31% of the overall Mainstream programme. Average selling prices across all key source markets are up year-on-year.


- The Winter 2013/14 Egypt programme is being reduced significantly and capacity is being increased to other destinations.


http://www.moneyam.com/action/news/showArticle?id=4675468

TUI Travel trumps Thomas Cook in travel showdown
By Jamie Nimmo September 26 2013, 9:03am Thomas Cook slumped after warning about slow bookings, while TUI lifted its full-year profit outlookThomas Cook slumped after warning about slow bookings, while TUI lifted its full-year profit outlook

TUI Travel (LON:TT.) emerged victorious in the battle with Thomas Cook (LON:TCG) as Britain’s top tour operators went head-to-head.

The company behind First Choice and Thomson, which has Germany’s TUI AG as a major shaeholder, lifted its profit outlook just seven weeks after outlining its expectations to the market.

TUI now anticipates full-year underlying operating profit growth of at least 11%, having suggested a 10% rise in July’s third quarter results.

The company hailed a strong summer of bookings, with sales up 8% in the UK.

Chief executive Peter Long said: “We are very pleased with our trading during the summer 2013 high season, with most of our programmes now almost fully sold.

“Our strong performance in the market continues to be driven by increased customer demand for unique holidays and higher levels of direct distribution.”

TUI has already sold 31% of its winter holidays, while the average selling price is rising across all key markets, it added.

The company is cutting down its holidays in Egypt as a result of this year’s conflicts.

“As soon as the unrest in Egypt started we actively began to remix the programme into alternative destinations,” the company said.

The shares rose 1.6% to 362.5p.

It was a different story at Thomas Cook Group (LON:TCG), which slumped 6.7% to 145p after warning that bookings have slowed in recent weeks.

As for winter trading, the company said it is at an early stage in the booking cycle, with trading starting more slowly than last year due to protests in places such as Egypt and Turkey.

“However, we continue to pursue an active capacity management strategy, matching committed capacity to demand,” Thomas Cook said.

TUI Travel raises full-year profit guidance as profits fly

Thu, 26 September 2013


Article viewed 156 times




A strong high season this summer and heartening early bookings for winter holidays has led tour operator TUI Travel to hike its profit guidance for the full year.

The FTSE 100 company, which owns the Thomson and First Choice brands, said it was now confident of achieving at least 11% growth in underlying operating profits for the year to end-September.

In a pre-close trading update ahead of its preliminary results announcement on December 10th, TUI said its mainstream travel business had seen plenty of eager holidaymakers in the UK and Nordics lifting revenues 8% and 10%.

Sales and customers were down with its France tour operators, with Germany experiencing flat sales, while the online accommodation business was up strongly.

With most of its summer programmes were now almost fully sold, Chief Executive Peter Long said the strong performance was driven by increased customer demand for “unique” holidays and higher levels of direct distribution.

As well as upping guidance he added that TUI was well positioned to continue to deliver on its five-year growth roadmap.

Management pointed to the flexibility and resilience of a business model that enabled the company to more effectively absorb the impacts of geopolitical events, including the current turbulent political situations in Egypt and Syria.

The coming winter's mainstream programme had already been 31% sold even with higher average selling prices, with the Egypt programme reduced significantly and capacity increased to other destinations.

Management noted that demand for unique holidays during the forthcoming winter programme was strong, which highlighted “the importance of not being a commodity-led business, especially given the uncertain environment in which we operate”.

Further forward, summer 2014 UK bookings were said to be broadly in line with the same period last year, though with average selling prices up by 6% and 12% of the programme sold so far.

26 Sep Shore Capital N/A Buy
26 Sep Numis 400.00 Add

Should I Invest In TUI Travel Plc?

http://uk.finance.yahoo.com/news/invest-tui-travel-plc-144116768.html

TUI Travel: Alphavalue raises target price from 392.5p to 417.1p and upgrades from reduce to add.

TUI Travel: Investec reduces target price from 400p to 350p and downgrades from hold to sell

Broker snap: Numis sees 'increasingly positive' outlook at TUI Travel

Thu, 05 December 2013


Numis Securities has recommended investors to 'add' to positions in TUI Travel ahead of the tour operator's full-year results next week, saying that the outlook for next summer is 'increasingly positive'.

The broker expects TUI Travel to report an 18% increase in earnings before interest and tax (EBIT) for the 12 months to September to £580m, and a 15% rise in earnings per share to 29.6p. The full-year dividend is expected to rise from 11.7p to 12.9p.

As for the current winter season, the pre-close trading update highlighted that trading excluding Egypt was "looking pretty solid", Numis said.

"Negative mix was impacting Germany, but the UK and Nordics were strong. However, comps are tough, given the post-Olympics bounce in FY12, and Egypt is an important winter market and is likely to have been a continuing drag," the broker said.

TUI Travel set out its 'Roadmap for growth' at its annual results last year in which it targeted an underlying earnings compound annual growth rate (CAGR) of 7-10% over the following five years.

Numis went on to explain that: "We expect that these targets will be reinforced with next week's prelims. In the UK, given improving consumer confidence, rising house prices, economic growth and increasing employment, we believe that the trading outlook for Summer 14 is increasingly positive.

"Thomas Cook, as it has recovered from its financial crisis, has been the stellar performer in the Tour Operator segment. TUI Travel, in the meantime, has continued to make encouraging strategic progress and we believe that its superior business model leaves it well placed for further strong progress."

The stock was 2.28% higher at 376.7p by 11:30 on Thursday.

Tui announces full year figures on Tuesday 10 Dec

A buy in IC - saw its shares sink recently after Norwegian shipping tycoon John Fredriksen dumped his 5.4% stake in the tour operator at 366p a share. He used the money to bolster his stake in Tui's German parent TUI AG in order to strengthen his hand in future talks, about a possible merger of the two. Of course there has been some short term damage, but the business is operationally sound. Tui predicts full year underlying operating profit ''at least'' 10% higher.

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6 Dec Deutsche Bank 355.00 Hold

Results from Europe’s largest travel firm, TUI travel, are likely to be viewed in the context of the renaissance of long-time rival, Thomas Cook.

Expectations are high and attention will be on early booking levels for the summer season, while broker Charles Stanley will be interested to see whether the ‘online accommodation’ is beginning to convert sales growth into profit growth.

The market is expecting profit before tax of £434mln on revenue of £15bn.

http://www.proactiveinvestors.co.uk/companies/market_reports/63978/week-ahead-tui-travel-ashtead-supergroup--63978.html

Prelim results for the year ended 30 Sept 2013

ANOTHER RECORD YEAR WITH UNDERLYING OPERATING PROFIT GROWTH OF 20%

· Record underlying operating profit delivered; 2013 growth roadmap target exceeded
· Mainstream growth driven by unique holidays, direct distribution and scale
· Leveraging our global leadership position in Accommodation Wholesaler
· Delivering increased shareholder value
· Robust current trading


Highlights

· Record underlying operating profit delivered; 2013 growth roadmap target exceeded
- Underlying operating profit of £589m (2012: £490m), an increase of 20% over the prior year. Underlying operating profit increase of 13% to £555m on a constant currency* basis.
- Record Mainstream underlying operating profits of £514m (2012: £420m)
- Underlying UK operating profit growth of 27% to £251m (2012: £197m) with an operating margin increase of 110bp to 6.5%.
- Underlying German operating profit growth of 30% to £113m (2012: £87m) with operating margin up 50bp to 2.7%.
- Business improvement programme delivered higher than expected £46m of additional profit in the year.
- Strong underlying earnings per share growth of 19% to 30.8p (2012: 25.8p).
- Statutory operating profit of £297m (2012: £301m), with the reduction driven by a goodwill impairment of £188m relating to our Specialist & Activity business and French tour operator.

· Mainstream growth driven by unique holidays, direct distribution and One Mainstream

- Sales of higher-margin unique holidays now 69% of Mainstream holidays. Directly distributed holidays are 66% of Mainstream holidays, with online sales at 35%.
- Record levels of customer satisfaction, up two percentage points to 79% across our key markets.
- Our investment in the digital customer service proposition and our online platform is delivering clear benefits to our customers.

. Leveraging our global leadership position in Accommodation Wholesaler

- Accommodation Wholesaler continues to consolidate its global leadership position; TTV growth of 23% to £1,655m driven by a strong performance in Asia and Latin America.

· Delivering increased shareholder value

- Record cash flow generation, with free cash flow of £427m, an improvement of £122m. The net cash position of £2m** (2012: net debt of £142m)** provides further balance sheet strength.
- Cash conversion improved by 12 percentage points to 90%, underlying ROIC improved by 2.6 percentage points to 14.8%.
- Final dividend increase of 17% to 9.75p per share (2012: 8.3p), resulting in a full year dividend increase of 15% to 13.5p per share (2012: 11.7p).

· Robust current trading
- Overall, Winter 2013/14 trading is in line with our expectations, with 60% of the programme sold.

- Pleased with Summer 2014 trading, despite strong comparatives from the prior year.
- We remain confident of delivering this year, in line with our target to deliver 7% to 10% underlying operating profit growth at constant currency over our five-year growth roadmap.

* Constant currency basis calculated by translating the 2013 results at 2012 exchange rates

** Excludes restricted cash

Investor and Analyst Webcast

A presentation for analysts and investors will be held today at 9.15am (GMT) at Google, 1-13 St Giles High Street, London WC2H 8AG. The presentation will also be webcast. For details of the webcast please visit www.tuitravelplc.com.

looks like a batch of cracking figures ..... may be some "sell on the results" stuff early into trading, but certainly worth looking at (again) ..... a knock-on to TCG would not be an unreasonable expectation either

I was rather hoping it will drag TCG along with it today, time yet.

Numis Add 381.30 384.00 400.00 425.00 Reiterates

Barclays Capital Overweight 381.30 384.00 445.00 445.00 Reiterates

Investec Sell 381.30 384.00 350.00 350.00 Retains

TUI Travel packages up record profits

By Jamie Nimmo

December 10 2013, 10:44am
TUI Travel packages up record profits

Strong demand for package holidays helped TUI travel (LON:TT.) report record figures for 2013, including a 21% rise in profits.

Europe’s biggest tour operator’s pre-tax profits for the 12 months to September 30 were £473mln from £390mln the year before on revenues of £15bn, up 4% from £14.5bn.

Around a quarter of revenues were generated through sun seekers booking package holidays online, with 12% growth in online package bookings.

Package holidays are seeing a particular renaissance in the UK. This year, underlying UK operating profits grew 27% to £251mln, while German profit growth was just as strong at 30% (£113mln).

The company said the winter performance is in line with expectations, with 60% of the overall programme sold. To counter social unrest in Egypt, TUI opted to shake up its winter offering and is offering fewer trips to the North African country than before.

Chief executive Peter Long said: “The year has been outstanding and highlights that our strategy of delivering unique holidays sold directly to our customers is the right one.

“We have once again reported record underlying profits across the business, significantly exceeding the top end of our growth roadmap target of 10%. This follows strong margins across the peak summer period, particularly in the UK and accelerated business improvement delivery.”

Investec repeated its ‘sell’ recommendation and 350p target price on the shares despite the slightly better than expected numbers.

It worries the group will struggle to meet guidance in the second half of 2014 after a tough winter.

TUI Travel shares dipped 0.5% to 382.1p each.

Broker snap: Investec cautious about TUI Travel guidance

Tue, 10 December 2013

Shares in TUI Travel dropped on Tuesday despite the leisure travel firm beating expectations with its annual results, with Investec reiterating it ‘sell’ rating after raising concerns about the upcoming winter season.

The company reported an underlying operating profit of £589m for the year to September 30th, up 13% year-on-year at constant currency and ahead of Investec’s £582m forecast.

The company also maintained its five-year guidance for annualised operating profit growth of 7-10% at constant currency.

“TUI’s results are slightly ahead of expectations and we welcome the flat summer 2014 current capacity plans,” said analyst James Hollins.

“However, one key takeaway is guidance of unchanged H1 2014E winter losses (the reported number is forecast to see higher losses due to the timing of Easter), placing pressure on H2 trading (tough comps) to meet the guided 7-10% year-on-year [operating profit] increase.”

He said that meeting this forecast is “not a stretch, but also not a guarantee”.

Investec currently expects TUI Travel to report an operating profit of £618m for the year to September 2014.

“This is +5% year-on-year against the reported FY13A figure, although our projection includes an element of negative currency translation and we are happy to remain at this level despite being below the 7-10% guidance range.”

TUI Travel: Deutsche Bank shifts target price from 355p to 360p retaining its hold recommendation.