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TUI AG cruise operations stage 34% rise in operating profit

The cruise operations of TUI AG, the Hannover based tourism group that is listed in London, staged a 33/9% rise in operating profit in the 12 months to 30 September, the company said in a statement.

Operating profit (EBITDA) reached €255.6 million compared to €190.9 million in the previous financial year, while revenues rose to €815.0 million from €703.1 million, lifted by higher capacity and firmer rates.

TUI owns in full Hapag-Lloyd Kreuzfahrten in Germany and Marella cruises in the UK plus has a 50% stake in TUI Cruises in Germany. In all, these operate 16 ships.

TUI Cruises recorded a 1.2% rise in average daily rate, which reached €173 per passenger and day. Marella Cruises recorded a 8.3% increase to €131, while the figure for Hapag-Lloyd Kreuzfahrten increased by 2.6% to €594.

Marella Cruises’ passenger days increased by 30.7% to 2.27 million, the figure for TUI Cruises increased by 30.7% to 4.48 million, but Hapag-Lloyd Kreuzfahrten recorded a fall of 1.7% to 349,000, TUI AG said.

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