TUI Group confident on hitting profit growth target
LONDON, March 25 (Reuters) - Tour company TUI Group said it was confident of meeting a target to grow full-year underlying operating profit by between 10 and 15 percent, helped by rising holiday sales and prices.
The company, formed in December from the merger of London-listed TUI Travel and German majority owner TUI AG (LSE: TUI.L - news) , also said on Wednesday that it expected its underlying first half result this year to beat last year's.
TUI said holiday sales for its winter season rose 1 percent while holiday prices for the coming summer were also 1 percent higher, with summer bookings also up 1 percent.
The company, the world's largest leisure tourism group which competes against Thomas Cook (Xetra: A0MR3W - news) , is due to publish its first-half results in May. (Reporting by Sarah Young)