TUI Full Year 2023 Earnings: Beats Expectations

TUI (ETR:TUI1) Full Year 2023 Results

Key Financial Results

• Revenue: €20.7b (up 25% from FY 2022).
• Net income: €306.0m (up from €277.3m loss in FY 2022).
• Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: €0.80 (up from €1.70 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TUI Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany.

Performance of the German Hospitality industry.

The company's shares are up 28% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for TUI you should be aware of, and 1 of them is a bit concerning.

Valuation is complex, but we're here to simplify it.

Discover if TUI might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.