TUI AG (OTCPK:TUIFF)

$ 9.13 0.03 (0.33%) Market Cap: 4.58 Bil Enterprise Value: 4.79 Bil PE Ratio: 8.15 PB Ratio: 10.58 GF Score: 70/100

Tui AG To Discuss the Acquisition of Hapag-Lloyd Cruises by TUI Cruises Transcript

Feb 07, 2020 / 09:30AM GMT

Release Date Price: $81.24

Transcript

Operator

Good morning, ladies and gentlemen, and welcome to TUI Group's update conference call. (Operator Instructions) Let me now turn the floor over to your hosts, Friedrich Joussen and Birgit Conix.

Friedrich Joussen

TUI AG - Chairman of Executive Board & CEO

So good morning, everybody, from Hamburg. It has been a busy night. And tonight, and I can say that it was anyhow, I think, a very successful night because we could sign our agreement with TUI Cruises and Royal Caribbean this morning. And therefore, I'm very happy to have you on the call. So short term, and thank you for being present just in before our results announcement in next week.

So a couple of thoughts, after a couple of slides, and then we are open for your questions. First slide, it highlights our strategy again, which you all know, it is the same slide we showed in December. Just to recap, we want to defend our market shares and grow our markets in the market and airline business. So we will talk about that when we talk about the results. Then we have the bottom 2 boxes, GDN-OTA,

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