LONDON Dec 8 TUI Group, Europe's
largest travel company, posted core earnings growth of 12.5
percent in its 2015/2016 financial year, in line with a
forecast, and said it was extending by a year an existing profit
TUI said that at constant currency rates, core underlying
profit (EBITA) came in at 1.030 billion euros ($1.11 billion)in
the 12 months ended Sept. 30, up 12.5 percent compared to the
year before, and in line with its forecast for growth of between
12 and 13 percent.
Given its confidence in future growth, TUI said it was
extending to its 2017/18 financial year from 2017/18 currently,
its guidance for profit to rise by at least 10 percent a year.
($1 = 0.9291 euros)
(Reporting by Sarah Young; editing by Kate Holton)