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    TUI1   DE000TUAG000

TUI AG

(TUI1)
  Report
Delayed Quote. Delayed Xetra - 09/24 11:36:09 am
3.84 EUR   +1.64%
09/24TUI AG : Release of a capital market information -2-
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09/24TUI AG : Release of a capital market -2-
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09/23TUI AG : Release of a capital market information
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

TUI Group : Sale of stake in real-estate portfolio to Riu family completed

07/30/2021 | 06:55am EDT
TUI AG (TUI) 
TUI Group: Sale of stake in real-estate portfolio to Riu family completed 
30-Jul-2021 / 12:54 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
  ? CEO Fritz Joussen: "Implementation of 'asset-right' strategy and focus on managing brand, service and distribution 
    - TUI sharpens its longstanding successful partnership with RIU and the Riu Family" 
  ? TUI can receive proceeds of up to 670 million euros, first payment of 541million euros settled today 
Hannover/Palma, 30 July 2021. The TUI Group has successfully completed the sale of its minority stake in a property 
portfolio to the Riu family. The portfolio, which was previously held jointly between TUI and RIU, consists of 21 
properties, comprising 19 existing buildings and two in development. The divestment only includes the ownership of 
these properties. The operation and marketing of these hotels will continue to be carried out by the 50:50 joint 
venture between TUI and RIU. As a result, TUI ties up less capital in property ownership and concentrates on its core 
business, the operation and marketing of hotels. 
TUI had agreed and announced the sale in May 2021. The total portfolio was valued at 1.5 billion euros. For its 49 
percent minority stake, TUI has received an initial purchase price payment of 541 million euros today and can receive 
an additional earn-out of around 130 million euros until 2023. 
The transaction has been closed in a continued difficult market environment and generated a significant book gain of 
around 200 million euros. As announced previously, the proceeds will be used to reduce the Group's Corona debt. 
Fritz Joussen, CEO of TUI Group: "With the sale of properties TUI sharpens its long-standing successful partnership 
with RIU and the Riu family and creates the basis for profitability and new growth after the pandemic. The transaction 
also enables us to further implement our 'asset-right' strategy with a clear focus on managing brand, operations, 
customer experience and distribution - decoupling growth in hotels from investments and hotel management and the 
holiday experience from property ownership." 
The core of the long-standing strategic hotel partnership between RIU and TUI continues to be the 50:50 joint venture. 
It will continue to operate all 100 RIU hotels and resorts worldwide in 19 countries. TUI continues to strengthen its 
core business with holiday experiences and intends to grow its international hotel brands TUI Blue, RIU, Robinson, TUI 
Magic Life. 
 
 
ANALYST & INVESTOR ENQUIRIES 
 
Mathias Kiep, Group Director Investor Relations,                                + 44 (0)1293 645 925 
Controlling & Corporate Finance                                                 + 49 (0)511 566 1425 
 
Nicola Gehrt, Director, Head of Group Investor Relations                        + 49 (0)511 566 1435 
 
Contacts for Analysts and Investors in UK, Ireland and Americas 
Hazel Chung, Senior Investor Relations Manager                                  + 44 (0)1293 645 823 
 
Contacts for Analysts and Investors in Continental Europe, Middle East and Asia 
Ina Klose, Senior Investor Relations Manager                                    + 49 (0)511 566 1318 
 
 
Media 
Kuzey Alexander Esener, Head of Media Relations                                 + 49 (0)511 566 6024 ----------------------------------------------------------------------------------------------------------------------- 
ISIN:           DE000TUAG000 
Category Code:  DIS 
TIDM:           TUI 
LEI Code:       529900SL2WSPV293B552 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   118887 
EQS News ID:    1223021 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1223021&application_name=news 
 

(END) Dow Jones Newswires

July 30, 2021 06:54 ET (10:54 GMT)

All news about TUI AG
09/24TUI AG : Release of a capital market information -2-
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09/23TUI AG : Release of a capital market information
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09/23TUI AG : Release of a capital market information
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Analyst Recommendations on TUI AG
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Financials
Sales 2021 5 698 M 6 679 M 6 679 M
Net income 2021 -2 400 M -2 813 M -2 813 M
Net Debt 2021 6 125 M 7 179 M 7 179 M
P/E ratio 2021 -2,04x
Yield 2021 -
Capitalization 4 220 M 4 942 M 4 947 M
EV / Sales 2021 1,82x
EV / Sales 2022 0,57x
Nbr of Employees 46 518
Free-Float 64,2%
Chart TUI AG
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TUI AG Technical Analysis Chart | TUI1 | DE000TUAG000 | MarketScreener
Technical analysis trends TUI AG
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TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 10
Last Close Price 3,84 €
Average target price 2,40 €
Spread / Average Target -37,5%
EPS Revisions
Managers and Directors
Friedrich Peter Joussen Chief Executive Officer
Sebastian Ebel Chief Financial Officer
Dieter Zetsche Chairman-Supervisory Board
Frank Rosenberger Chief Information Officer & Head-Future Markets
Hilka Schneider Group Director-Legal, Compliance & Board Office
Sector and Competitors