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TUI AG (DE:TUI1)
XETRA:TUI1
Earnings Data
Report Date
May 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.52Last Year’s EPS
-0.6Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized a strong operational start to FY2026 with a record underlying Q1 EBIT (EUR 77m), improved net debt (EUR 0.5bn), positive cash flow, resumed dividend policy and reconfirmed guidance (EBIT +7%–10%, revenue +2%–4%). Key growth vectors include cruise capacity, Holiday Experiences (owned hotels and river cruises), the app/AI conversion uplift and Musement wholesale partnerships. Management also highlighted structural balance sheet improvements (lease restructuring, ship ownership) and ongoing transformation of Markets + Airlines toward dynamic packaging. Offsetting these positives are notable one‑offs from the Jamaica hurricane (c. EUR 21m combined impact across hotels and flights), regional demand variability (Turkiye, some long‑haul markets), the transitional effects of reducing third‑party risk capacity, and near‑term headwinds from planned aircraft deliveries that will affect net debt dynamics. Overall, the positive operational and financial momentum, plus reaffirmed guidance, outweigh the identified one‑off and transitional challenges.Company Guidance
Underlying EBIT Record and YoY Improvement
Underlying EBIT of EUR 77 million in Q1 — the highest underlying EBIT the company has reported for a Q1 — representing an increase of EUR 26 million year‑on‑year versus the prior year.
Reconfirmed Full‑Year EBIT and Revenue Guidance
Management reconfirmed full‑year guidance: underlying EBIT growth of 7%–10% and revenue growth guidance of 2%–4% (constant currency commentary supports reiteration).
Net Debt and Cash Flow Progress
Net debt improved by EUR 0.5 billion year‑on‑year (EUR 0.2 billion FX impact; underlying improvement EUR 0.3 billion). Cash flow improved by approximately EUR 50 million in Q1, driven by structural savings, lower interest and reduced lease/asset financing repayments.
Interest and Profitability Improvements
Interest expense improved by around EUR 10 million (structural improvement via lease portfolio restructuring and asset ownership changes). Q1 was the first underlying result positive pre‑minorities in a winter quarter and basic loss per share halved year‑on‑year for the quarter.
Cruise Segment Strength
Cruise delivered a strong performance: capacity up c.16%, occupancy up c.3% (approaching full capacity), stable daily rates, and continued pricing power (Marella winter rate increases ~5%). Management highlighted strong demand and substantial operational improvements in TUI Cruises and Marella.
Holiday Experiences and Hotels Momentum (Excluding One‑offs)
Holiday Experiences improved by EUR 18 million despite hotel one‑offs and hurricane impact. Excluding Jamaica/one‑offs management noted winter occupancy +1% and average daily rate up ~5%, indicating underlying recovery in owned hotel assets.
Commercial & Distribution Progress — App and Partnerships
Investments in the global app and AI features have driven significant conversion uplifts; the app is the most efficient booking channel. Musement added a major wholesale partner (Jet2) — joining Booking.com, easyJet and lastminute.com — demonstrating traction in third‑party distribution. Musement expected to deliver mid‑single‑digit growth.
Operational & Balance Sheet Actions Completed
Completed strategic moves: took final Marella ship into ownership, early repayment of convertible 2028, lease portfolio restructuring, and payments/repayment actions that improved financial profile and enabled return to dividend policy (proposal to pay 10%–20% of underlying EPS).
Growth in Owned Holiday Assets and River Cruise Expansion
Opened 5 hotels in Africa and 1 in Vietnam; launched a second Nile river ship and now operate six river vessels — expanding Holiday Experiences footprint and strengthening vertically integrated model.
Sustainability Recognition
Achieved an A rating from CDP, reinforcing sustainability credentials which management cited as commercially relevant and core to strategy.
DE:TUI1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:TUI1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | €9.24 | €8.79 | -4.87% |
Dec 10, 2025 | €8.27 | €7.95 | -3.80% |
Aug 13, 2025 | €7.80 | €8.46 | +8.38% |
May 14, 2025 | €7.52 | €6.70 | -10.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TUI AG (DE:TUI1) report earnings?
TUI AG (DE:TUI1) is schdueled to report earning on May 20, 2026, Before Open (Confirmed).
What is TUI AG (DE:TUI1) earnings time?
TUI AG (DE:TUI1) earnings time is at May 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of TUI AG stock?
The P/E ratio of TUI AG is N/A.
What is DE:TUI1 EPS forecast?
DE:TUI1 EPS forecast for the fiscal quarter 2026 (Q2) is -0.52.