12 Aug 2009
Key financials
Third quarter ended 30 June 2009
| £m | Q3 09 | Q3 08 | Change % |
| Revenue | 3,575 | 3,616 | -1% |
| Underlying operating profit1 | 102 | 65 | +57% |
| Underlying operating margin % | 2.9% | 1.8% | +1.1pp |
1 Underlying operating profit / loss excludes separately disclosed items, amortisation of IFRS 3 intangibles, goodwill impairmentand taxation of results of the Group’s joint ventures and associates
Highlights
Peter Long, Chief Executive Officer of TUI Travel PLC, commented
‘‘We are pleased with these results and remain well positioned to meet the Board’s expectations for the year ending 30 September 2009. Our UK Summer 2010 programme, which only launched recently, is trading well and we remain satisfied with our trading performance across all open seasons. Now, more than ever, customers are choosing to book their holidays with our high quality, trustworthy brands.
We anticipate market conditions will remain challenging and expect the later booking pattern to continue in the next financial year. We will continue to maintain a high degree of flexibility in our business model to allow us to alter capacity in line with market conditions.”
Conference Call
A conference call for analysts will take place today at 9.00am (BST). The dial-in arrangements for the call are as follows:
| Telephone: | +44 (0) 1452 555 566 |
| Participant Code: | 24586272 |
A presentation to accompany the conference call will be made available at 8.00 am (BST) via our corporate website:
A recording of the conference call will be available on:
| Telephone: | +44 (0) 1452 550 000 |
| Participant Code: | 24586272# |
Enquiries:
| TUI Travel PLC | |
| Paul Bowtell, Chief Financial Officer | Tel: 01293 645 713 |
| Andy Jones, Director of Finance & Investor Relations | Tel: 01293 645 795 |
| David Paterson, Head of Strategy & Investor Relations | Tel: 01293 645 795 |
| Lesley Allan, Corporate Communications Director | Tel: 01293 645 773 |
| Hudson Sandler | |
| Jessica Rouleau /Kate Hough | Tel: 020 7796 4133 |
Results for the Third Quarter ended 30 June 2009 (134KB PDF)
To view PDF files you will need Adobe Reader.
Download a free copy of Adobe Reader
Mainstream is the largest Sector in terms of size, financial performance and employee numbers. It comprises leading tour operators and ‘power’ brands and operates a fleet of 146 aircraft and circa 3,500 retail shops ... more >>
This Sector is an international portfolio of travel businesses focusing on specific destinations, premium travel experiences or particular customer demographic segments often with differentiated and exclusive product ... more >>
Activity has over 40 activity travel businesses that operate under five divisions - Marine, Adventure, Ski, Student and Sport. Each of these divisions has market-leading positions ... more >>
This Sector sells and provides a range of services in destination to tour operators, travel agents, corporate clients, and direct to the consumer worldwide ... more >>