Germany´s TUI Closed a Successful Financial Year in 2005

TUI AG has successfully completed the 2005 financial year. The Group´s core businesses tourism and shipping continued the positive trend of the previous year.

Turnover in the tourism division rose 5.8 percent to €14.1 billion, outperforming the global travel market. A similar growth rate was posted by Group EBITA which rose by €20.1 million to €365.2 million.

At 2 percent, EBTA growth was relatively lower, due, among others, to an increase in interest expenses. In shipping, turnover grew by 42.7 percent to €3.8 billion. EBITA rose 6 percent to €317.9 million.

Taking EBTA as an indicator, earnings totaled €279 million and almost matched the previous year´s record level of €280 million.

Overall Group turnover by divisions stood at €19.6 billion, an increase of 8.7 percent year-on-year. Earnings by divisions (EBITA) were €849 million.