TUI is engaged in the tourism business, operating in some 180 countries. Co.'s segments include Hotels & Resorts, Cruises and Other Tourism. The Hotels & Resorts segment comprises all Group-owned hotels and hotel companies in TUI Group. The segment comprises majority participations in hotels, joint ventures with local partners, stakes in companies. The Cruises segment consists of Hapag-Lloyd Cruises and the joint venture TUI Cruises. Other Tourism segment comprises central functions such as destination services, IT, aviation control and the French airline Corsair.
  • TickerTUAG00
  • ISINDE000TUAG000
  • SectorTravel & Leisure
  • CountryGermany

Analysts

Tui Group – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

2 directors bought/maiden bought

Two Directors at Tui Ag bought/maiden bought 15,000 shares at between 9.809EUR and 9.873EUR. The significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing...

Damien Bas

Tui Group - RATING REPORT

Our rating acknowledges Tui’s strong performance in FY16/17, a year with substantially fewer in-dustry shocks compared with FY15/16 (terrorism in France, Turkish coup…). Volumes rose sharply while gross margin remained broadly stable, only down 30bps at 10.8%. In fact, Tui’s favourable perfor-mance in terms of content offering (hotels, cruises) and relative stability on most “source markets” countered profitability pressures mainly stemming from the UK.

TUI AG: Update Following Q1 FY2016/17 Results

CORPORATES CREDIT OPINION 25 April 2017 Update RATINGS TUI AG Domicile Germany Long Term Rating Ba2 Type LT Corporate Family Ratings - Fgn Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Sven Reinke 44-20-7772-1057

TUI AG - December 2016 (LTM): Peer Snapshot

Peer Snapshot: TUI AG - December 2016 (LTM) 19 April 2017 (in US millions) FYE Sep-15 FYE Sep-16 LTM Dec-16 FYE Nov-15 FYE Nov-16 LTM Feb-17 FYE Sep-14 FYE Sep-15 LTM Sep-16

Ng Adrian

TUI Group

Fehmi Ben Naamane ...
  • Matthias Desmarais

TUI AG : Poor Q1 figures, as expected

>Poor Q1 2019 earnings - TUI AG has just published its Q1 results (to end-December), which are not good. Revenues amounted to €3,716m, up 4%, and adjusted EBITA totalled € 84.1m, well below expectations.This poor performance is obviously due to the weakness of the market & airlines business where the seasonal loss deepened sharply. This is of course due, as warned by the management a few days before, to the knock-on impact of the 2018 summer season heatwave, over...

Fehmi Ben Naamane ...
  • Matthias Desmarais

TUI AG : Poor Q1 figures, as expected

>Poor Q1 2019 earnings - TUI AG has just published its Q1 results (to end-December), which are not good. Revenues amounted to €3,716m, up 4%, and adjusted EBITA totalled € 84.1m, well below expectations.This poor performance is obviously due to the weakness of the market & airlines business where the seasonal loss deepened sharply. This is of course due, as warned by the management a few days before, to the knock-on impact of the 2018 summer season heatwave, over...

Fehmi Ben Naamane ...
  • Matthias Desmarais

TUI AG : Marked downward revision to group guidance - Neutral reiterated, target price adjusted to € 14.0

>Downward revision to guidance for 2019 EBITA at group level and target for average 2017-2020e growth of 10% abandoned - In a surprise press release, TUI has largely revised down its forecast for 2019 group EBITA growth at constant forex. Previously, it was expected that the group would confirm its target for average EBITA growth of 10% per annum out to 2020. This announcement is therefore calls into question the group’s previous long-term target. This throws a spoke ...

Fehmi Ben Naamane ...
  • Matthias Desmarais

TUI AG : Forte révision à la baisse de la guidance groupe – Neutre réitéré, OC ajusté à 14.0 €

>Révision à la baisse de la guidance 2019 d’EBITA ajusté groupe et abandon de l’objectif de croissance de 10% en moyenne sur 2017/2020e - Dans un communiqué surprise, TUI a annoncé revoir largement à la baisse ses attentes de croissance à taux de change constants de l’EBITA groupe en 2019e. Auparavant, il était question que le groupe confirme son objectif d’une croissance moyenne de l’EBITA de 10%/an à horizon 2020. L’annonce est donc une remise en question de cet obj...

2 directors bought/maiden bought

Two Directors at Tui Ag bought/maiden bought 15,000 shares at between 9.809EUR and 9.873EUR. The significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing...

Fehmi Ben Naamane ...
  • Jerôme Bodin
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/12/2019

The major upheavals in the Chinese cement sector could still change the face of a moribund sector, by pushing prices upwards. A trio of Chinese cement manufacturers are serious candidates for acquiring the vestiges of the fallen cement empire, in our view. Partnership projects between Chinese and European groups could lead to cross-shareholdings. We are revising up our cement price forecasts for southeast Asia. HeidelbergCement looks like the big winner from these changes and harbours...

Fehmi Ben Naamane ...
  • Jerôme Bodin
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Pierre Tegner
  • Pierre Corby

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/02/2019

Après un suspense digne de ‘Borgen’, l’UE a rejeté le projet Alstom + Siemens Mobility. Toutefois Alstom seul est très solide, en croissance et rentable, et pourra rendre du cash aux actionnaires tout en participant à la consolidation du secteur. Notre valorisation du titre est désormais de 42.5 €. - ...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/08/2019

In the face of macroeconomic turbulence, office and retail real estate investment companies are “safe haven” stocks due to the durability of their dividends and their capacity to create value via their project pipelines. We particularly appreciate stocks which have adapted/clarified their strategies to fit new trends in the market. As such, we confirm our Buy recommendations on Gecina, Klépierre and Carmila and have upgraded Icade and Unibail-Rodamco-Westfield to Buy. Cf. report publi...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/02/2019

Face à quelques turbulences macroéconomiques, les foncières de bureaux et de commerce constituent des valeurs de refuge par la pérennité de leurs dividendes et leur capacité à créer de la valeur à travers leur pipeline. Nous privilégions plus particulièrement les valeurs qui ont anticipé / clarifié leur stratégie face aux nouvelles tendances de marché. Ainsi, nous confirmons notre opinion Achat sur Gecina, Klépierre et Carmila et passons à l’Achat sur Icade et Unibail-Rodamco-Westfiel...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Jean Sassus
  • Matthias Desmarais
  • Olivier Lebrun
  • Rémi Adam
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/13/2018

...

TUI AG sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of TUI AG (DE), a company active in the Recreational Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 18, 2019, the closing price was EUR 13.66 and its potential was estimated at EUR 14.85.

Ng Adrian

TUI Group

Ng Adrian

TUI Group

Ng Adrian

TUI Group

Ng Adrian

TUI Group

Tui Group – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Tui - February 19th, 2019

General: Supervisory Board member Prof. Dr. Edgar Ernst is a member of the Advisory Committee of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines. Items 4.3 and 4.14: We recommend to oppose the discharge of Supervisory Board members Peter Long and Alexey Mordashov due to their insufficient attendance at Supervisory Board and committee meetings in financial year 2017/2018. Item 8: Approval is sought for the unchanged remuneration system which has been applicable since financial year 2017/2018. Disclosure is in line with market practice. The level of...

Jérôme VINERIER

Short term view - TUI : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €14.023, then €13.400. Passing €16.700 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - TUI : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 14,023 €, puis 13,400 €. Le franchissement de 16,700 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse court terme - TUI : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 14,023 €, puis 13,400 €. Le franchissement de 16,700 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - TUI : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €14.023, then €13.400. Passing €16.700 would question the continuation of the fall.

Jérôme VINERIER

Medium term view - TUI : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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