Market Update Economic Events Directors Deals Commodities Prices News Market Movers

TUI losses deepen in first quarter; sticks to downgraded guidance

Tuesday, 12th February 2019
Travel company TUI posted a deeper earnings loss in its fiscal first quarter, as weather conditions and a weaker pound caused by Brexit uncertainty crimped margins.

Underlying Ebita for the three months through December amounted to a €83.6m loss, compared to a loss of €36.7m on-year.

TUI last week shocked the market by downgrading its earnings guidance and it reiterated that guidance on Tuesday.

Underlying Ebita was still expected to be broadly stable with the 2018 financial year's €1.18bn.

Story provided by

Related Shares: Tui Ag

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.