TUI AG (LSE:TUI)
£ 5.635 0 (0%) Market Cap: 2.94 Bil Enterprise Value: 3.80 Bil PE Ratio: 7.18 PB Ratio: 9.53 GF Score: 68/100

Q3 2020 Tui AG Earnings Call Transcript

Aug 13, 2020 / 08:30AM GMT
Release Date Price: £18.25 (-6.15%)
Operator

Good morning, ladies and gentlemen, and welcome to the TUI AG conference call regarding the COVID-19 update and FY '20 9M results.

(Operator Instructions)

Let me now turn the floor over to your host, Friedrich Joussen and Birgit Conix. Please go ahead.

Friedrich Joussen
TUI AG - Chairman of Executive Board & CEO

So good morning. Everybody. So we are in a little bit of a special situation, not only because of COVID but also because we are in different places. I mean Birgit is in Belgium because of current sales requirements, I'm in the Düsseldorf, and we have our central team in Hanover. So it's a little bit of different logistics. But I think we can make it work very well. One of the changes we are doing is actually that I have to announce, which pages are on because then it's flipped through by our assistant.

So please turn to Page #5. I think what we can say in the last quarter, we have actually done a successful restart of operation and particularly when leading into July as well as August. The restart was of the size and

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot