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

Q3 2020 Tui AG Earnings Call Transcript

Aug 13, 2020 / 08:30AM GMT

Release Date Price: $33.85 (-6.95%)

Transcript

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 DÃ¼sseldorf, 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

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