2022 ANNUAL REPORT
"We used the pandemic to set ourselves up as solidly as possible for the time to come. Today TUI is leaner and more efficient than ever. The aim now is to implement the measures we agreed on properly and very swiftly. The formula is: new products, additional customers, increasing market share. For customers that means more choice, more per- sonalised options and greater flexibility. TUI will be their partner for holidays, leisure and experiences - not only when they are travelling, but in their home countries too."
Sebastian Ebel, Chief Executive Officer of TUI AG
CONTENTS
FINANCIAL YEAR 2022
COMBINED MANAGEMENT REPORT
CORPORATE GOVERNANCE
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
Contents
FINANCIAL YEAR 2022
- Financial Highlights
- Interview with Sebastian Ebel
- Group Executive Committee
- Report of the Supervisory Board
- Report of the Audit Committee
CORPORATE GOVERNANCE
- Supervisory Board and Executive Board
- Statement on Corporate Governance
- Remuneration Report
The Annual Report of TUI Group and the financial statements of TUI AG are available in German and in English: www.tuigroup.com/en-en/investors/annual-reports
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This report was published on 14 December 2022.
The components subject to publication requirements are also published in the
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COMBINED MANAGEMENT
REPORT
- TUI Group Strategy
- Corporate Profile
- Risk Report
52 Overall Assessment by the Executive Board and Report on expected Developments
56 Business Review
- Non-financialDeclaration of TUI Group
- Annual financial Statements of TUI AG
- Information required under Takeover Law
103 TUI Share
3
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
- Consolidated Financial Statements
- Consolidated Income Statement
- Earnings per share
- Consolidated Statement of Comprehensive Income
- Consolidated Statement of Financial Position
- Consolidated Statement of Changes in Equity
- Consolidated Cash Flow Statement
- Notes
- Responsibility Statement by Management
- Independent Auditor's Report
267 Report of the Independent Auditor Regarding the consolidated non-financial statement
269 Forward-Looking Statements
S E A R C H | TA B L E O F | B A C K | ||||
C O N T E N T S | ||||||
T H E F O L L O W I N G S Y M B O L S A R E U S E D F O R C R O S S - R E F E R E N C E S :
This is a cross-reference provided by law and / or audited by the auditor as part of the audit of the financial statements.
Here you will find a page reference to further information within the annual report. This reference, as a cross-reference not provided for by law or by the German Accounting Standards (DRS) No. 20, is not subject of an auditor's review.
Here is a reference to websites or separate corporate publications. This reference, as a cross-reference not provided for by law or by the German Accounting Standards (DRS) No. 20, is not subject of an auditor's review.
Unless stated otherwise, all change figures refer to the corresponding period from the previous year.
CONTENTS
FINANCIAL YEAR 2022
COMBINED MANAGEMENT REPORT
CORPORATE GOVERNANCE
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
1
FINANCIAL YEAR 2022
- Financial Highlights
- Interview with Sebastian Ebel
- Group Executive Committee
- Report of the Supervisory Board
- Report of the Audit Committee
4
CONTENTS
FINANCIAL YEAR 2022
Financial Highlights
- Financial Highlights
- Interview with Sebastian Ebel
- Group Executive Committee
- Report of the Supervisory Board
18 Report of the Audit Committee
COMBINED MANAGEMENT REPORT
CORPORATE GOVERNANCE
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
TUI Group - financial highlights
€ million
Revenue
Underlying EBIT 1
Hotels & Resorts
Cruises
TUI Musement
Holiday Experiences
Northern Region
Central Region
Western Region
Markets & Airlines
All other segments
TUI Group
EBIT 1
Underlying EBITDA
EBITDA 2
Group loss
Earnings per share | € |
Net capex and investment | |
Equity ratio (30 Sept) 3 | % |
Net financial position (30 Sept) | |
Employees (30 Sept) | |
2022
16,544.9
480.6
0.8
23.2
504.6
-101.6
87.8
- 31.5
- 45.3
- 50.5
408.7
320.0
1,224.6
1,203.3
- 212.6
- 0.17
315.9
4.2
- 3,436.2
61,091
2021 | Var. % | Var. % | |||
at constant | |||||
currency | |||||
4,731.6 | + 249.7 | + 247.4 | |||
-152.7 | n. a. | n. a. | |||
- 277.5 | n. a. | n. a. | |||
-105.3 | n. a. | n. a. | |||
- 535.4 | n. a. | n. a. | |||
- 965.8 | + 89.5 | + 90.6 | |||
- 328.6 | n. a. | n. a. | |||
-176.6 | + 82.1 | +79.8 | |||
-1,470.9 | + 96.9 | + 97.1 | |||
- 69.1 | + 26.9 | + 28.2 | |||
- 2,075.5 | n. a. | n. a. | |||
- 2,012.8 | n. a. | ||||
-1,145.2 | n. a. | ||||
-1,000.4 | n. a. | ||||
- 2,480.9 | + 91.4 | ||||
- 2.58 | + 93.4 | ||||
- 699.1 | n. a. | ||||
- 3.0 | +7.2 | ||||
- 4,954.2 | + 30.6 | ||||
50,584 | + 20.8 | ||||
Due to rounding, some of the figures may not add up precisely to the stated totals, and percentages may not precisely reflect the absolute figures. All change figures refer to the previous year, unless otherwise stated.
This Annual Report 2022 of the TUI Group was prepared for the reporting period from 1 October 2021 to 30 September 2022.
- We define the EBIT in underlying EBIT as earnings before interest, income taxes and result of the measurement of the Group's interest hedges. For further details please see page 62.
- EBITDA is defined as earnings before interest, income taxes, goodwill impairment and amortisation and write-downs of other intangible assets, depreciation and write-downs of property, plant and equipment, investments and current assets.
- Equity divided by balance sheet total in %, variance is given in percentage points.
5
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TUI AG published this content on 14 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2022 15:05:01 UTC.