Holiday group TUI rises after FY outlook upgrade

TUI AG

06/12/2023 08:33

** London-listed shares of German tourism group TUI AG
 TUIT.L  up 7.3% at 546.5p  
    ** Co forecast operating profit would jump 25% this year,
after it more than doubled last year
    ** Stock second top pct gainer on FTSE mid-cap index  .FTMC 
    ** Adds forecast upgrade on strong demand for holidays,
cruises and hotel stays
    ** Co also posts annual underlying operating profit of 977
mln euros($1.05 bln), up 139%
    ** Co sees annual revenue to increase by at least 10%
    ** As of last close, stock down 34.2% YTD





($1 = 0.9278 euros)

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))