Q3 2025 TUI AG Earnings Call Transcript
Key Points
- TUI AG (TUIFF) reported its best-ever Q3 results, with revenue up by 7% and EBIT reaching EUR 321 million.
- The company raised its full-year EBIT guidance to 9% to 11% at constant currency, driven by strong performance in hotels and cruises.
- TUI AG (TUIFF) is benefiting from vertical integration, optimizing its own hotels, cruises, and Musement products, leading to superior results.
- The company is rolling out a standardized global IT platform, expected to significantly reduce costs and improve efficiency.
- TUI AG (TUIFF) has seen a positive start to the winter season, with strong forward trading momentum and increased guidance for the full year.
- Summer bookings are down by 2%, with the competitive market, heatwaves, and Middle East conflict impacting demand.
- The Markets & Airlines segment is facing challenges, with a focus on margin over volume leading to a decrease in bookings.
- Germany's market performance has been weaker, affected by economic climate, geopolitical tensions, and consumer sentiment.
- The transformation costs in Markets & Airlines are significant, impacting margins and requiring further improvements.
- Net debt improvement is modest, with lease and asset financing adjustments affecting the overall debt position.
Hello, everyone, and thank you for joining the TUI Group FY25 nine months results call. My name is Claire, and I will be coordinating your call today. (Operator Instructions)
I will now hand over to TUI to begin. Please go ahead.
Thank you, Claire. Good morning, ladies and gentlemen. A very warm welcome to our third quarter results presentation from the TUI campus in a very hot and sunny Hanover. My name is Nicola, Director, Investor Relations. I'm joined today by our CEO, Sebastian Ebel; and our CFO, Mathias Kiep.
We are pleased to present a good set of numbers with Q3 delivering the best ever result. No doubt, you will have seen our ad hoc statement yesterday evening, which highlighted that on this basis, we are raising our full year '25 underlying EBIT guidance. Following the presentation in a moment, we will be available for Q&A.
And with that, I have the pleasure to hand over to Sebastian and Mathias. Yes, Sebastian to you first.
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