Tui poised to reveal strong full-year trading

Tui poised to reveal strong full-year tradingTui Travel will deliver its last set of full-year results as a standalone company on Thursday, just ahead of the completion of a merger with German parent Tui AG.

Europe’s largest travel group has already guided the markets that it will deliver growth in underlying earnings before interest and tax (Ebit) of 9%, stripping out the effects of unfavourable currency movements.

A consensus of analyst estimates suggests that Ebit will be close to £612 million, the Telegraphreported.

The main focus will be on current trading, particularly after Thomas Cook last week warned its shareholders to expect more modest growth in 2015.

Despite the impact of currency movements, which will take £40 million off earnings, according to Panmure Gordon estimates, the firm’s winter bookings are set to be strong.

Wyn Ellis at Numis Securities said: “We believe that Tui Travel is a better-quality business than Thomas Cook and do not expect any surprises.”

Sourced from Travel Weekly

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