Trade TUI AG - EUR - TUI1 CFD

TUI - EUR Company profile

About TUI AG

TUI AG is a Germany-based integrated tourism group. It operates through the different segments: Hotels & Resorts, Cruises, Destination Experiences, Markets & Airlines, divided into Northern Region, Central Region and Western Region, and All other segments. The Hotels & Resorts segment comprises all group-owned hotels and hotel shareholdings. The Cruises segment consists of Hapag-Lloyd Cruises, Marella Cruises and the joint venture TUI Cruises. The Destination Experiences segment comprises delivering services in the destinations. The Northern Region comprises the Group's tour operators and airlines in the United Kingdom, Ireland, the Nordics, Canada and Russia. The Central Region consists of tour operators and airlines in Germany and tour operators in Austria, Poland and Switzerland. The Western Region segment comprises tour operators in Belgium, the Netherlands and France. All other segments takes care of business operations for new markets and central corporate and tourism functions.

Financial summary

BRIEF: For the three months ended 31 December 2021, TUI AG revenues increased from EUR468.1M to EUR2.37B. Net loss applicable to common stockholders decreased 51% to EUR384.3M. Revenues reflect Central Region segment increase from EUR213.2M to EUR985.1M, Northern Region segment increase from EUR107M to EUR652.2M. Lower net loss reflects Share of result of joint ventures decrease of 98% to EUR2.3M (expense).