Annual report
2018

moments 2018

People want moments that last forever. Moments as individual as people. We offer our services to over 27 million customers along the entire value chain – from the perfect choice of destination to the special holiday experience and then a relaxed journey home. And thanks to digital technology we are learning more every moment about how to make every holiday a chain of unique experiences.

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»We are on track because we have undergone a transformation. This year, in particular, has shown that the realignment we launched in 2014 to focus on the hotel, cruise and destination business has now become TUI’s special strength. Only five years ago, a similar summer would have left its mark on TUI, too. We have now become an integrated hotel and cruise group. We develop, we invest and we operate. And we are increasingly becoming a digital and platform organisation.«

Friedrich Joussen,
CEO of TUI AG

Read the letter to our shareholders

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TUI at a glance

STRATEGY AND
BUSINESS MODEL

The leisure travel market has consistently outperformed GDP growth over the last decade. This market is also projected to remain very attractive in the future.

To strategy and business model

More than

10%

underlying EBITA growth - for the fourth consecutive year
(based on constant currency)

3 Reason to invest in TUI

Global leading tourism group
Holiday product provider with own distribution
Own customer end-to end: Markets & Airlines, Hotels, Cruises, Destination Experiences
Individualisation and targeted marketing
Yielding of own products
Risk mitigation by double divserification

Global leisure travel market growing above GDP
Strong track record driven by merger synergies:
Underlying EBITA CAGR of 13%¹ since merger
Underlying EPS CAGR of 16% since merger
Future growth supported by digitalisation benefits and by reinvesting disposal proceeds
Reiterate at least 10% CAGR in underlying EBITA for the three years to FY20²

¹Underlying EBITA CAGR of 10% since merger / average CARG of 13% since merger at constant currency (company earnings guidance is a t constant currency)

²Based on constant currency growth, three year CAGR from FY17 base to FY20