Higher turnover and improved operating earnings in the first nine months of 2012
Kuoni Group’s turnover increased 17.5% to CHF 4 476 million in the first nine months of 2012 (prior year: CHF 3 810 million). Earnings before interest, taxes and amortisation (EBITA)1 increased by 19.9% to CHF 86.6 million (prior year: CHF 72.2 million). Earnings before interest and taxes (EBIT) were CHF 29.9 million (prior year: CHF 45.8 million).
This figure was reduced by impairments on intangible assets totalling CHF 27.2 million associated with the decision to withdraw from loss-making European tour operator activities. The improvement of EBITA was due mainly to higher demand in the businesses within the Global Travel Services (GTS) Division. Particularly its groups travel business posted a strong increase in earnings, reflecting the Kuoni Group’s significant exposure to Asian growth markets.
With the economic situation still difficult in Europe, the overall market environment is expected to remain challenging.
en savoir plus
Kuoni Group’s turnover increased 17.5% to CHF 4 476 million in the first nine months of 2012 (prior year: CHF 3 810 million). Earnings before interest, taxes and amortisation (EBITA)1 increased by 19.9% to CHF 86.6 million (prior year: CHF 72.2 million). Earnings before interest and taxes (EBIT) were CHF 29.9 million (prior year: CHF 45.8 million).
This figure was reduced by impairments on intangible assets totalling CHF 27.2 million associated with the decision to withdraw from loss-making European tour operator activities. The improvement of EBITA was due mainly to higher demand in the businesses within the Global Travel Services (GTS) Division. Particularly its groups travel business posted a strong increase in earnings, reflecting the Kuoni Group’s significant exposure to Asian growth markets.
With the economic situation still difficult in Europe, the overall market environment is expected to remain challenging.
en savoir plus
Consultez la source sur Veille info tourisme: Kuoni chiffres daffaires en hausse mais résultat dexploitation en baisse sur les 9 premiers mois de lannée