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

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.

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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