TUI Group raises operating profit guidance for FY2016

TUI Group stated (28-Sep-2016) it is expecting another "very successful" year in FY2016 ending 30-Sep-2016, raising its operating profit (EBITA) growth guidance to 12%-13%, compared to its previous guidance of an at least 10% growth. The company noted it was able to hold on to its market lead despite the severe geo-political challenges in some of its eastern Mediterranean and North African markets. [more - original PR]