TUI AG (TUIFF)
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TUI AG (TUIFF) Q4 2024 Earnings Call Transcript
TUI AG (OTCPK:TUIFF) Q4 2024 Earnings Conference Call December 11, 2024 4:30 AM ET Company Participants Nicola Gehrt - IR Sebastian Ebel - CEO Mathias Kiep - CFO Conference Call Participants Jamie Rollo - Morgan Stanley Cristian Nedelcu - UBS Othmane Bricha - Bank of America Nicola Gehrt Good morning, ladies and gentlemen. A very warm welcome to TUI's 2024 Results Presentation.
TUI profits jump by a third but sees pace slowing
TUI AG (LSE:TUI), the Germany-based travel group, saw underlying earnings surge by a third as all its business arms saw a healthy improvement over the past twelve months. Now Frankfurt-listed after scrapping its London quote, TUI said revenues rose by 12% to €23.2 billion in the year to September 2024 though it added it won't be able to maintain this pace.
TUI has wind at its back, analysts suggest
TUI AG's (LSE:TUI) full-year results next week with trends in travel and holidays still encouraging according to rivals and analysts. Matt Britzman, senior equity analyst, at Hargreaves Lansdown notes: “TUI has already offered a sunny outlook ahead of its fourth-quarter results next week, thanks to its upbeat trading statement in late September.
TUI: Plenty To Like About The Turnaround - I'm Adding
TUI's share price has significantly improved, outperforming the S&P500, driven by 8 consecutive quarters of double-digit operating income growth and strong revenue performance. The company is executing its turnaround strategy effectively, with expectations of a 10% revenue increase and at least 25% EBIT growth in FY24. TUI's fundamentals have strengthened, with reduced net debt and improved credit ratings, positioning it for potential dividend payments by 2025.
Tui optimism good news for rivals, suggests broker
Tui's update trading statement today was good news for the UK's other airlines according to Panmure Liberum. Though now listed in Frankfurt, UK-focused subsidiary Thomson Holidays is still a major part of the TUI business and overall there was some positive read-through from the numbers, said the broker.
TUI should confirm encouraging booking trends - analyst
An update on the European travel sector from TUI AG (LSE:TUI) on Tuesday should confirm or not if August enjoyed a "positive, last-minute booking trend" and that September has also benefited from good booking trends, said Deutsche Bank. A "solid" trading update is expected on 24 September, said analyst Andre Juillard, reiterating his €10.50 share price target versus a last close at €6.55.
TUI AG: Now More Undervalued, Upside Of Double Digits Possible
TUI AG's 3Q24 results show record performance, with 8 consecutive quarters of double-digit EBIT growth and strong demand trends across all business lines. The company's strategic transformation aims for significant EBIT growth while maintaining leverage below 1x, with a focus on becoming a "platform" business. Despite short-term underperformance, TUI's valuation remains appealing, with a potential upside of over 100% if the €14/share price target is met.
TUI profits surge and bookings rise after rival collapses
TUI AG (LSE:TUI) saw profits jump by more than a third in its latest quarter as it cashed in on the recent collapse of German rival FTI. Underlying earnings jumped 37% to €232 million (€169 million) in the quarter to end June, well ahead of forecasts beforehand of €217 million.
TUI: The Company Stability Is Increasing And Improving
TUI AG has delivered record-level revenues in 2Q24, with improved profitability and booking upside. The company's financial improvements include a reduction in net debt and an upgrade by S&P Global. TUI's valuation suggests potential upside, although it remains a speculative investment with risks related to macro events.
