TUI AG (OTCPK:TUIFF)

$ 8.11 0 (0%) Market Cap: 4.18 Bil Enterprise Value: 4.25 Bil PE Ratio: 7.27 PB Ratio: 9.22 GF Score: 72/100

Q1 2022 TUI AG Earnings Call Transcript

Feb 08, 2022 / 08:00AM GMT

Release Date Price: $26.65 (-0.62%)

Transcript

Operator

Good morning, ladies and gentlemen, and welcome to the TUI AG Conference Call Regarding the First Quarter Results. (Operator Instructions) Let me now turn the floor over to your host, Mr. Friedrich Joussen and Mr. Sebastian Ebel.

Friedrich Joussen

TUI AG - Chairman of Executive Board & CEO

So good morning, everybody. It will be a busy day today, Annual General Meeting, Q1 results, so I'm always a little bit confused of what presentation I should focus to. But with the help of all the team and also Sebastian is with me, so if the CFO is close to you, then nothing can go wrong.

So let's go to Page #4, and we will do the presentation as usual and do some introductory remarks, and the closing and the important pieces come from Sebastian. But the first slide shows clearly, we operated in Q1 67% of capacity. We said 60% to 80%, so that is spot on.

Actually, we also continued commercially, I would say, on the very strong quarter 4 result of last year, 2.3 million customers, and that is 4x what we had before when you look at revenue of 5x what

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