TUI losses deepen in first quarter; sticks to downgraded guidance

Writer, Stock Market Wire
Tuesday, February 12, 2019 - 07:23

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.

Related content

FTSE 100 is off to a good start in 2019 as analysts forecast new peak for UK plc profits

“The FTSE 100 is currently doing a good job of confounding the Cassandras, naysayers and pessimists with a capital gain of nearly 8% in 2019...

Wed, 20/03/2019 - 09:29

Broker Forecast - UBS issues a broker note on TUI AG

UBS today reaffirms its sell investment rating on TUI AG (LON:TUI) and cut its price target to 740p (from 1090p).

Broker Forecasts data provided by...

Fri, 15/02/2019 - 10:10

Plus500, TUI, William Hill and other recent news


Trading platform Plus500 (PLUS) lost nearly a third of its value earlier this week after issuing a major profit warning.

Several companies in...

Thu, 14/02/2019 - 00:00

Broker Forecast - Citigroup issues a broker note on TUI AG

Citigroup today upgrades its investment rating on TUI AG (LON:TUI) to buy (from neutral) and cut its price target to 1300p (from 1550p).

Broker Forecasts...

Fri, 08/02/2019 - 09:20

Broker Forecast - Barclays Capital issues a broker note on TUI AG

Barclays Capital today downgrades its investment rating on TUI AG (LON:TUI) to equal weight (from overweight).

Broker Forecasts data provided by

Fri, 08/02/2019 - 09:00