German tourism and travel giant TUI said on December 10 that sales and underlying profits were on course to grow this year and likely be boosted by an imminent merger with its British subsidiary. The group, which runs its financial year from October to September, said in a statement that it expected a two to four percent jump in sales for 2014-2015.
It said underlying or operating earnings, as measured by earnings before interest, tax and amortisation (EBITA), were set to reach around one billion euros ($1.2 billion), a 10-15 percent rise. TUI said the forecasts were expected to stand after its merger with TUI Travel to create the world's biggest tourism operator, due to officially go through this week.
Comments
Comments are closed.