TUI AG

TUI AG Earnings Recaps

TUI1.DE Consumer Discretionary 3 recaps
Q1 2026 Feb 10, 2026

TUI's first quarter of fiscal 2026 showcased strong operational improvements, with underlying EBIT reaching a record EUR 77 million, driven by robust demand across its Holiday Experiences segment, despite challenges posed by the hurricane in Jamaica.

Key takeaways
  • EBIT increased by EUR 26 million year-over-year, affirming a growth guidance of 7% to 10% for the fiscal year.
  • Holiday Experiences delivered an EUR 18 million improvement, and cruise operations nearly achieved full occupancy with a 16% capacity increase.
  • Net debt reduced by EUR 0.5 billion year-on-year, reflecting ongoing financial and operational efficiencies.
  • Successful market entry into Romania and expansion of the River Cruise fleet indicate strategic growth initiatives.
  • Return to dividend payments marks a significant milestone for TUI following operational recovery efforts.
Full recap
Q4 2025 Dec 10, 2025

TUI achieved record results in 2025, driven by strong EBIT growth and a successful shift towards an asset-light model focused on Holiday Experiences, while also reintroducing dividends to shareholders.

Key takeaways
  • Strong EBIT growth resulted from a robust performance in Hotels & Resorts and Cruises, with overall occupancy reaching 84% for hotels.
  • The company continues to invest in M&A transformation, expecting a monetization phase that will help achieve a 3% EBIT margin target.
  • Despite a decrease in Markets & Airlines results of approximately EUR 100 million, the company's strategic focus on its integrated ecosystem and AI is set to enhance profitability moving forward.
  • TUI's unique customer base has expanded to 35 million, bolstering marketing efforts and improving retention rates.
  • A new dividend policy was announced, marking a significant shift after years without dividend payments, reflecting the company's commitment to returning value to shareholders.
Full recap
Q3 2025 Aug 13, 2025

TUI Group reported record third-quarter results, with revenue rising 8% and a significant EBIT increase of EUR 115 million, prompting an upward revision of the full-year EBIT guidance to 9% to 11%.

Key takeaways
  • EBIT for Q3 reached EUR 321 million, the highest ever for this quarter, driven by strong performance in Hotels & Cruise.
  • Summer bookings are down 2%, but average selling prices increased by 3%, reflecting resilience in a competitive market.
  • Dynamic package share growth is a key focus, with a new connection to airline and hotel content enhancing future growth potential.
  • Strong demand for differentiated products contributed to record occupancy rates and higher pricing power, particularly in the Holiday Experiences segment.
  • Continued international expansion of Musement services into new markets is poised to further capitalize on revenue opportunities.
Full recap