HANNOVER (dpa-AFX) - Travel group Tui has announced it will pay its shareholders a dividend for the first time since its existential battle during the coronavirus crisis. Following a significant jump in profits in the past fiscal year, shareholders are set to receive 10 cents per share, the MDax-listed company revealed during the presentation of its annual financial results in Hannover. For the new fiscal year ending September 2026, CEO Sebastian Ebel is targeting a currency-adjusted revenue increase of 2 to 4 percent. Adjusted operating profit (adjusted EBIT) is expected to rise by 7 to 10 percent.
In the past fiscal year ending September, Tui increased its revenue by just over four percent to EUR24.2 billion, as previously reported by the group in November. Adjusted operating profit climbed nine percent to just over EUR1.4 billion. Net profit attributable to shareholders amounted to approximately EUR636 million, more than a quarter higher than the previous year.
Shareholders can also expect dividends in the coming years: For the current fiscal year and beyond, Tui plans to distribute 10 to 20 percent of adjusted earnings per share to shareholders.
