(Reuters) -Europe’s biggest tour operator TUI on Wednesday said earnings during its 2025 fiscal year exceeded its guidance, driven by strong hotel and cruise demand.
Underlying earnings before interest and taxes for its fiscal year, which ended on September 30, came in at 1.46 billion euros ($1.70 billion) at constant currencies.
That was up 12.6% from a year earlier, surpassing the company’s target for a rise of between 9% and 11%.
“This success is primarily driven by our integrated business model and record results in the Hotels & Resorts and Cruises segments,” CEO Sebastian Ebel said in a statement.
Shares were up 3.4% to 7.52 euros at 1443 GMT.
Preliminary revenue for the year was up 4.4% to 24.19 billion euros at constant currencies, the company said.
TUI will announce its final full-year results and a new shareholder return strategy on December 10.
($1 = 0.8575 euros)
(Reporting by Linda Pasquini, editing by Ludwig Burger and Thomas Seythal)
