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TUI Group confident on hitting profit growth target

Published 25/03/2015, 07:26
© Reuters.  TUI Group confident on hitting profit growth target
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LONDON (Reuters) - Tour company TUI Group (L:TUIT) said it was confident of meeting a target to grow full-year underlying operating profit by between 10 and 15 percent, helped by rising holiday sales and prices.

The company, formed in December from the merger of London-listed TUI Travel and German majority owner TUI AG (DE:TUIGn), also said on Wednesday that it expected its underlying first half result this year to beat last year's.

TUI said holiday sales for its winter season rose 1 percent while holiday prices for the coming summer were also 1 percent higher, with summer bookings also up 1 percent.

The company, the world's largest leisure tourism group which competes against Thomas Cook (L:TCG), is due to publish its first-half results in May.

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