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.
»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,
Read the letter to our shareholders

TUI at a glance


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.

More than


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

  • 23% group ROIC FY18, significantly above cost of capital
  • Strong operating cash conversion, enabling to fund
  • investments
  • high cash returns to shareholders in form of dividends
  • balance sheet stability