BERLIN/LONDON, Aug 12 (Reuters) – European travel group TUI raised its annual earnings guidance on Tuesday, based on strong results for the first nine months of its financial year and positive signs for July.
Shares in the German company, which warned in May that 2025 could be a challenging year, were up 1.6 percent around 1445 GMT after it flagged a “record” performance at its Hotels & Resorts and Cruises businesses in the nine months to June 30.
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TUI, Europe’s largest tour operator, is due to report preliminary third-quarter results on Wednesday. In Tuesday’s announcement, it said operating profit for the nine months to June 30 was 199 million euros ($232 million) at constant currencies.
