StockMarketWire.com - Travel agent TUI reported turnover up 5% to €19.5bn and core earnings up 10.9% to €1.15bn in the year to 30 September.

The company reiterated guidance of at least 10% CAGR in underlying EBITA in the three years to the September 2020 financial year.

The company reported strong demand for its higher margin hotel and cruise offerings.

'Our own holiday experiences content account for more than 70 per cent of our earnings: hotels, cruises, excursions and destination activities. This enables us to clearly differentiate ourselves from the competition,' said CEO Fritz Joussen. At 8:47am: [LON:TUI] TUI AG share price was +40.75p at 1179.75p



Story provided by StockMarketWire.com