15-Dec-2010 1:08 PM
TUI Group revenue down 15.1% for 12 months ended 30-Sep-2010
TUI Group reports (14-Dec-2010) the following financial highlights for the 12 months ended 30-Sep-2010:
- Revenue: EUR16,350 million, -15.1% year-on-year
- TUI Travel: EUR15,728 million, -1.4%;
- Sector EBITDA: EUR215.5 million, compared to a loss of EUR1.0 million in p-c-p;
- TUI Travel: EUR123.3 million, +274.8%;
- Underlying sector EBITDA: EUR589.2 million, +25.2%;
- TUI Travel: EUR506.0 million, +10.7%;
- Net profit: EUR113.6 million, -44.9%;
- Total assets: EUR14,616 million, +8.6%;
- Total liabilities: EUR12,181 million, +8.6%;
- Operating cash flow: EUR516.2 million, -6.9%. [more]
TUI Group: "For TUI Travel underlying earnings are expected to rise slightly, partly driven by higher business volumes and the effects of the cost containment programme. Overall, TUI expects a positive Group result for financial year 2010/11," Company statement. Source: TUI Group, 14-Dec-2010.