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Record underlying operating profit delivered; 2013 growth roadmap target exceeded |
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| Leveraging our global leadership position in Accommodation Wholesaler | ||
| Delivering increased shareholder value | ||
| Robust current trading |
Peter Long, Chief Executive of TUI Travel PLC, commented:
"The year has been outstanding and highlights that our strategy of delivering unique holidays sold directly to our customers is the right one. We have once again reported record underlying profits across the business, significantly exceeding the top end of our growth roadmap target of 10%. This follows strong margins across the peak Summer period, particularly in the UK and accelerated business improvement delivery.
TUI Travel is structurally well positioned with a robust business model that gives us a long term competitive advantage. The business continues to deliver sustainable growth through our unique holiday experiences, increasingly distributed online, whilst leveraging its scale as one organisation. This in turn, will drive further value for both our customers and shareholders. Building on this year's outperformance where we have achieved a 13% underlying operating profit growth, I remain confident that we will deliver consistently on our five year annualised growth target of between 7% to 10% at constant currency."
