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12/6/2023, 12:03 PM (Source: TeleTrader)
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TUI-1.83%

6.420
Chart for: TUI

Tui soars 10% after full-year earnings report

Tui Group shares soared over 10% in Wednesday's premarket session as investors continued to digest the company's full-year results released earlier in the day.

The travel and tourism company said in its earnings report that its revenue jumped 11% to $9.2 billion in the fourth quarter of 2023 and "a record full year 2023 Group revenue of $20.7 billion, 25% higher than in 2022." Underlying year-on-year EBIT skyrocketed 139% to $1.1 billion. In addition, the enterprise announced during the presentation of its results that it is considering delisting from the London Stock Exchange.

At 6:02 am ET, Tui's share jumped 10.53% to sell for $6.57.

Baha Breaking News (BBN) / RR