TUI AG (OTCPK:TUIFF) Q1 2025 Earnings Call February 11, 2025 3:00 AM ET

Company Participants

Nicola Gehrt – Investor Relations
Sebastian Ebel – Chief Executive Officer
Mathias Kiep – Chief Financial Officer

Conference Call Participants

Jamie Rollo – Morgan Stanley
Muneeba Kayani – Bank of America
Richard Clarke – Bernstein
Chandni Hirani – Barclays
Cristian Nedelcu – UBS
Andre Juillard – Deutsche Bank

Operator

Good morning, everyone and welcome to the TUI AG Full Year ‘25 Q1 Results Webcast. My name is Drew and I’ll be the coordinator for today’s call. [Operator Instructions] It is now my pleasure to hand over to Nicola Gehrt to begin. Please go ahead when you’re ready.

Nicola Gehrt

Thank you. Good morning, ladies and gentlemen. A warm welcome to our first quarter 2025 results presentation. My name is Nicola and I am Group Director Investor Relations, and I am here with our CEO, Sebastian Ebel and our CFO, Mathias Kiep. As you know, today, we present not only our first quarter results, but we also hold our Annual General Shareholders Meeting. That is why I would like to ask for your understanding that we will need to limit this call to about an hour, but I’m sure we’ll have sufficient time for a good Q&A session afterwards.

And with this, I have the pleasure to hand over to Sebastian and Mathias to present another set of strong quarterly numbers. Sebastian, over to you.

Sebastian Ebel

Thank you very much, Nicola, for the nice introduction. A warm welcome also from my side here from Hannover, a quite busy day for us today. The agenda as you know them I will give a short overview about our Q1 operational and strategic highlights. Mathias will dive into the Q1 results. I will talk about the trading outlook and a short summary. Again, in the first quarter, we

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