TUI beats earnings forecast, diversification strategy 'paying off'
TUI reported third-quarter underlying earnings before interest and tax of 321 million euros ($375.06 million), compared with the 269 million euros expected by analysts polled by LSEG, and up 38% on the previous year.
Revenues for the third quarter rose across all segments to 6.2 billion euros, gaining 7%.
The group raised its profit guidance for the year on Tuesday, after strong hotel and cruise demand boosted its business so far this year, sending shares up.
"The third quarter and the first nine months of the financial year 2025 were strong. Our strategy is paying off," Ebel said in a statement on Wednesday.
($1 = 0.8559 euros)
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Horse racing to go on strike in protest against government's planned betting tax rise
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