Q1 2023 TUI AG Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the TUI AG Conference Call regarding Q1 results for the financial year 2023. (Operator Instructions) Let me now turn the floor over to your host, Sebastian Ebel and Mathias Kiep.
Good morning to everyone. I'm here with Mathias Kiep and Nicola and the IR team. And today is a very important day for us, our General Meeting, and we are very happy to start with you before we have the meeting.
Q1, we have seen a good Q1 and with a significant increase in customers, 3.3 million, which is 1 million above prior year, which is 93% of the full year '19 levels. Q1 revenue increased even stronger by EUR 1.4 billion to EUR 3.8 billion, and the EBITDA is EUR 153 million minus, which is almost half of the losses we had seen in prior year.
It's not yet where we had been in '19, but we are on a good track to full recovery. Net debt around EUR 5.3 billion, which is broadly in line with the prior year. We, of course, had after the strong summer
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