“For the eighth consecutive time, we are reporting double-digit growth in underlying EBIT. In a market environment that remains challenging, this also demonstrates the strength and future viability of our business model. We are growing profitably and are delivering what we have announced. By expanding our product portfolio, we are growing our customer base and want to open up new markets in Asia and America. TUI is expanding its global presence and is therefore less dependent on vacation periods in Northern, Western, and Central Europe. We are a developer, investor and operator in the destinations, which makes us very different from our competitors. The transformation is in full swing: We are expanding our product portfolio and pushing ahead with digitalisation. An important step in our transformation is the further strengthening of our capital structure. With the proceeds from the successful placement of a convertible bond with a total volume of 487 million euros, we have bought back 80 per cent of the existing convertible bond, thereby reducing TUI's interest costs and extending its maturity profile.”

Sebastian Ebel
CEO, TUI AG