TUI Group (ETR:TUI1n) raised its full-year EBIT growth forecast to 9-11% from 7-10% at constant currency after posting its highest-ever third-quarter earnings, supported by record results in its Hotels & Resorts and Cruises divisions, the company said Aug. 13 in its earnings release.
Revenue for April–June rose 7% to €6.2 billion from €5.8 billion a year earlier. Underlying EBIT increased 38% to €321 million from €232 million, while earnings before taxes climbed 94% to €270 million from €139 million.
The Holiday Experiences segment, Hotels & Resorts, Cruises and TUI Musement, reported a 22% rise in underlying EBIT to €294 million from €242 million.
Hotels & Resorts generated €131 million in underlying EBIT, matching last year’s record despite €15 million in revaluation effects. Occupancy rose 2 percentage points to 82%, and average daily rates increased 3% to €88.
Cruises delivered €143 million in underlying EBIT, up from €91 million, with available passenger cruise days up 33% to 3.1 million after the addition of Mein Schiff 7 and Mein Schiff Relax. All 18 ships were in service during the quarter.
TUI Musement posted €21 million in underlying EBIT, compared with €19 million, as experiences sold rose 8% to 3 million, including a 6% increase in own-branded tours to 1.7 million. Transfers rose 1% to 8.8 million.
The Markets & Airline segment, which includes the tour operator, retail and TUI Airline businesses, reported €50 million in underlying EBIT, up from €16 million, benefiting from the Easter holiday shift and a 14% rise to 1 million in customers booking dynamically packaged products. Total customer numbers rose to 5.9 million from 5.8 million, and flight load factors held at 94%.
Regionally, underlying EBIT in the Central Region, covering Germany, Austria, Switzerland and Poland, rose to €25 million from €21 million.
The Northern Region, including the U.K., Ireland and Nordic countries, increased to €45 million from €14 million.
The Western Region, comprising the Netherlands, Belgium and France, recorded a €21 million loss, compared with a €19 million loss last year.
Net debt fell €0.2 billion to €1.9 billion. In July, the company placed a €250 million promissory note loan, using proceeds to repay aircraft leasing agreements early and assume ownership of the assets.
TUI expects further growth in the fourth quarter in Holiday Experiences, with occupancy up 3 percentage points and average prices up 6% in Hotels & Resorts, and available passenger cruise days up 14% with a 1 percentage point rise in occupancy.
In Markets & Airline, summer bookings were down 2% year-on-year, while average prices rose 3%. Bookings for winter 2025–26 were described as positive overall.
In fiscal 2024, TUI reported underlying EBIT of €1.30 billion and revenue of €23.17 billion.
Source :
https://www.investing.com/news/earnings/tui-lifts-2025-ebit-forecast-after-record-q3-on-strong-hotels-cruises-4187110
