TUI AG (TUIFF) Q4 2023 Earnings Call Transcript Summary
TUI AG (TUIFF) Q4 2023 Earnings Call Transcript Summary
The following is a summary of the TUI AG (TUIFF) Q4 2023 Earnings Call Transcript:
以下是 TUI AG (TUIFF) 2023 年第四季度業績電話會議記錄摘要：
Financial
金融
Record revenue of €21 billion reported.
Earnings (EBIT) significantly increased.
Strong performance of hotels, resorts, cruises, and TUI Musement.
Lower leveraged position than 2019; net debt at 2.1.
Revenue, depreciation in line with expectations; higher interest costs.
公佈了創紀錄的210億歐元收入。
收益（EBIT）大幅增加。
酒店、度假村、郵輪和 TUI Musement 表現強勁。
槓桿頭寸低於2019年；淨負債爲2.1。
收入，折舊符合預期；更高的利息成本。
Business
商業
Planning strategy update for growth and scalability.
Good performance in winter and early summer bookings.
A new tech platform launched; a new TUI Cruise added.
Initiatives to unify buying systems, establish retailer partnerships.
Initiated sustainability efforts.
Aim: 25% growth by 2024 across all markets.
Considering shift to Frankfurt listing, improved rating, lowered RCF costs.
Future strategies: dynamic packaging, direct supplier access, global platform.
規劃策略更新，以實現增長和可擴展性。
在冬季和初夏的預訂中表現良好。
推出了新的技術平台；增加了新的TUI Cruise。
統一購買系統、建立零售商合作伙伴關係的舉措。
啓動了可持續發展工作。
目標：到2024年，所有市場增長25％。
考慮轉向法蘭克福上市，提高評級，降低RCF成本。
未來戰略：動態包裝、供應商直接接入、全球平台。
Financial Performance:
財務業績：
TUI AG reported a record revenue of €21 billion.
Earnings before interest and taxes (EBIT) significantly increased, especially during Q4.
Revenue sources include strong performances from hotels and resorts (€550 million), cruises (almost €250 million), and TUI Musement.
The company's leveraged position is now lower than in 2019, and net debt is at 2.1 which is better than the anticipated 2.4 to 2.6, providing a solid platform for growth and potential improvements in the rating.
Revenue and depreciation results were in line with expectations, while interest costs were raised due to the current economic environment.
TUI AG公佈了創紀錄的210億歐元收入。
息稅前收益（EBIT）大幅增長，尤其是在第四季度。
收入來源包括酒店和度假村（5.5億歐元）、郵輪（近2.5億歐元）和TUI Musement的強勁表現。
該公司的槓桿頭寸目前低於2019年，淨負債爲2.1，好於預期的2.4至2.6，爲增長和評級的潛在提高提供了堅實的平台。
收入和折舊結果符合預期，而由於當前的經濟環境，利息成本有所增加。
Business Progress:
業務進展：
Undertaking a significant strategy update expected to have material impacts over 5 years, focusing on growth and scalability.
Strong performance in winter booking momentum and early summer bookings.
Launched a new technology platform in Belgium and the Netherlands and added a new TUI Cruise in the U.K market.
Unifying different buying systems and establishing long-term partnerships with retailers to improve service quality.
Sustainability efforts have been initiated, such as carbon-free hotels and cruises using biofuels, & the TUI Care Foundation's tree planting program.
TUI aims to grow by 25% in 2024, with strong trading dynamics observed across all markets.
The company is considering a move from a London listing to a Frankfurt listing, looking forward to reducing costs on the Revolving Credit Facility (RCF) with an improved rating, and defining a dividend strategy.
Future growth strategies include a focus on dynamic packaging, direct access to suppliers, and a global platform rollout.
進行一項重大的戰略更新，預計將在5年內產生實質性影響，重點是增長和可擴展性。
在冬季預訂勢頭和初夏預訂方面表現強勁。
在比利時和荷蘭推出了新的技術平台，並在英國市場增加了新的TUI Cruise。
統一不同的購買系統，與零售商建立長期合作關係，以提高服務質量。
可持續發展工作已經啓動，例如使用生物燃料的無碳酒店和遊輪，以及TUI Care Foundation的植樹計劃。
TUI的目標是在2024年增長25％，所有市場都觀察到強勁的交易動態。
該公司正在考慮從倫敦上市轉向法蘭克福上市，期待通過提高評級來降低循環信貸額度（RCF）的成本，並制定分紅策略。
未來的增長戰略包括關注動態包裝、直接接觸供應商以及推出全球平台。
More detailed: TUI AG IR
更詳細： TUI AG IR
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譯文內容由第三人軟體翻譯。