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Investing.com -- Shares in TUI (LON:TUIT) AG rose 3% on Wednesday after the travel group posted third-quarter earnings that beat forecasts and raised full-year guidance, despite weaker German bookings.
The Hanover-based company reported EBIT of €335.2 million, 13% above the €297 million consensus, and net income of €224.6 million, about 200% above the €130 million forecast.
Revenue rose 7% year over year to €6.2 billion, exceeding the €6.1 billion consensus. Underlying EBIT reached €321 million, about 20% above estimates. Net debt was €1.9 billion.
In current trading, summer 2025 booking volumes in the Markets and Airline division were down 2%, compared with a 1% decline in May, while average selling prices rose 3%, down from 4% growth in May.
U.K. bookings improved, but German bookings fell 5%, Jefferies reported. Hotel and Cruise divisions saw slightly weaker average daily rate growth but better booked occupancy. Early winter 2025-26 trading started positively, with U.K. bookings flat and prices higher.
Free cash flow totaled €936 million, down from €1.07 billion a year earlier. Jefferies noted the guidance upgrade implies about a 7% rise in consensus net income.