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TUI: on track for 'solid' financial year, in line with targets

(CercleFinance.com) - German tourism and travel group TUI said on Tuesday that it was on course for a "solid financial year" 2023/2025, and that it would achieve the targets that it has set itself.


The company thus maintained its forecast of at least a 25% increase in its operating income before non-recurring items (EBIT) for the financial year ending 30 September.

TUI points out that its summer season bookings were up 6%, while its bookings commitments for the winter season are up 7%.

All lights are on go, analysts at Oddo BHF reacted, who maintain their "outperform" opinion on the share with a target price of E9.2.

Following this trading update, TUI shares were up 2% on Tuesday morning on the Frankfurt Stock Exchange, although are still down around 4% YTD.


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