Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €6.79, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Hospitality industry in Europe. Tillkännagivande • Dec 23
TUI AG, Annual General Meeting, Feb 10, 2026 TUI AG, Annual General Meeting, Feb 10, 2026, at 11:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €9.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Hospitality industry in Europe. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.99 per share. Tillkännagivande • Dec 11
TUI AG announces Annual dividend, payable on February 13, 2026 TUI AG announced Annual dividend of EUR 0.1000 per share payable on February 13, 2026, ex-date on February 11, 2026 and record date on February 12, 2026. Tillkännagivande • Dec 10
TUI AG to Report Q1, 2026 Results on Feb 10, 2026 TUI AG announced that they will report Q1, 2026 results on Feb 10, 2026 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €7.26, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Hospitality industry in Europe. Total loss to shareholders of 50% over the past three years. Tillkännagivande • Sep 24
TUI AG Reaffirms Earnings Guidance for the Fiscal Year 2025 TUI AG reaffirmed earnings guidance for the Fiscal year 2025. For the period, Company expects Revenue to increase at the lower end of +5-10% (FY24: €23,167 million). Underlying EBIT to increase by +9-11%, raised from prior guidance of +7-10% (FY24: €1,296 million). Tillkännagivande • Jun 24
TUI AG (XTRA:TUI1) agreed to acquire 20% stake in Bentour Reisen AG. TUI AG (XTRA:TUI1) agreed to acquire 20% stake in Bentour Reisen AG on June 23, 2025.
The transaction is subject to antitrust regulations. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €6.32, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Hospitality industry in Europe. Total loss to shareholders of 76% over the past three years. Tillkännagivande • Jan 16
TUI AG Appoints Amber Pine as Chief Marketing Officer Markets + Airline, Effective April 24, 2025 Amber Pine joins TUI as Chief Marketing Officer Markets + Airline. Amber Pine joins the tourism group as of 24 April 2025. In her 15+ year career with UK-based Sky, she has worked primarily in the Consumer, Sales and Marketing divisions before heading up the Broadband and Connectivity business. She will report into David Schelp, CEO Markets + Airline and be responsible to drive transformation efforts in the Marketing, Sales Customer function of the Markets + Airline business. She will also lead the further development of the TUI brand and will report into TUI Group CEO Sebastian Ebel. As of 24 April 2025 Amber Pine will join TUI as Chief Marketing Officer Markets + Airline and report directly to David Schelp, CEO Markets + Airline. She will lead the teams responsible for Brand Content, Marketing Sales Optimisation, Customer Experience, Customer Service and Operations Management. Additionally, she will lead Customer Insight, Brand Strategy and Brand Identity activities for the TUI Group. For these topics she will report into TUI Group CEO Sebastian Ebel. Amber Pine joins from Sky, where in her over 15 years she has worked primarily in the Consumer, Sales and Marketing divisions before leading the Broadband and Connectivity business. Tillkännagivande • Jan 03
TUI AG, Annual General Meeting, Feb 11, 2025 TUI AG, Annual General Meeting, Feb 11, 2025, at 11:00 W. Europe Standard Time. Tillkännagivande • Jun 25
TUI Group Announces Executive Changes On 1 August 2024, Kuzey Esener will become the new Director of Communications at TUI Cruises in Hamburg. He is currently Head of Media Relations at TUI Group and is responsible for press and PR at the Group headquarters for all economic and financial topics, strategy and MA, as well as all overarching Group topics in the areas of sustainability, HR and IT. In his new role, he will continue to be associated with the TUI Group and the global communications team when he moves from the parent company to the Hamburg-based joint venture. In his new role, Kuzey Esener will report to Wybcke Meier, CEO of TUI Cruises GmbH. With his extensive experience and deep understanding of the communications landscape, he will play a crucial role in further strengthening brand and taking corporate communications to the next level. Kuzey is already well acquainted with the cruise business and has successfully managed major projects such as the integration of Hapag-Lloyd Cruises into the joint venture or various name giving events on behalf of the TUI Group. The successor to Kuzey Esener at TUI Group headquarters as of 1 August will be announced in due course. Buying Opportunity • Dec 11
Now 39% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €11.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 59% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. New Risk • Dec 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (184% increase in shares outstanding). Reported Earnings • Dec 07
Full year 2023 earnings released: EPS: €0.80 (vs €1.70 loss in FY 2022) Full year 2023 results: EPS: €0.80 (up from €1.70 loss in FY 2022). Revenue: €20.7b (up 25% from FY 2022). Net income: €306.0m (up €583.3m from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Europe. Tillkännagivande • Dec 07
TUI AG Appoints David Schelp as CEO Markets & Airlines of the Executive Board, Effective from 1 January 2024 TUI AG announced that Mr. David Schelp has been appointed as CEO Markets & Airlines of the Company’s Executive Board with effect from 1 January 2024. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €6.73, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Hospitality industry in Europe. Total loss to shareholders of 61% over the past year. Tillkännagivande • Dec 07
TUI AG Announces Resignation of David Burling as Member of the Executive Board, Effective as of Midnight on 5 January 2024 TUI AG announced that Mr. David Burling, CEO Markets & Airlines of the company’s executive board, will resign from his office as a member of the executive board with effect as of midnight on 5 January 2024. Tillkännagivande • Aug 09
TUI AG to Report Fiscal Year 2023 Results on Dec 06, 2023 TUI AG announced that they will report fiscal year 2023 results on Dec 06, 2023 Tillkännagivande • Feb 14
TUI AG to Report Q3, 2023 Results on Aug 14, 2023 TUI AG announced that they will report Q3, 2023 results on Aug 14, 2023 Tillkännagivande • Nov 17
TUI AG, Annual General Meeting, Feb 14, 2023 TUI AG, Annual General Meeting, Feb 14, 2023. Agenda: AGM. Reported Earnings • Feb 09
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: €0.27 loss per share (up from €1.32 loss in 1Q 2021). Revenue: €2.37b (up 406% from 1Q 2021). Net loss: €384.3m (loss narrowed 51% from 1Q 2021). Revenue exceeded analyst estimates by 15%. Over the next year, revenue is forecast to grow 143%, compared to a 47% growth forecast for the industry in Europe. Reported Earnings • Dec 09
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: €2.58 loss per share (up from €5.34 loss in FY 2020). Revenue: €4.73b (down 40% from FY 2020). Net loss: €2.47b (loss narrowed 22% from FY 2020). Revenue missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 235%, compared to a 45% growth forecast for the restaurants industry in Europe. Reported Earnings • Aug 17
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €649.7m (up €577.9m from 3Q 2020). Net loss: €934.8m (loss narrowed 34% from 3Q 2020). 
