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Mr Ebel, let's talk first about last year. How did it go for TUI ? It was very successful, in a demanding market environment, especially considering the political and economic conditions – above all in Germany and in Europe. The financial year 2024 was very successful for TUI . We have reported very positive progress on revenue as well as earnings. Sustainable, profitable growth remains our aim, but that includes a healthy balance sheet structure. We are a big step closer to our target of reducing net leverage to well below 1x. We have maintained our crucial focus on free cashflow, which we are using for investments and for paying back debt. We are investing selectively in operations with a promising future, but at the same time we are strengthening our financial basis. That is in the best interests of the company, our shareholders and our employees. TUI is much more robust today.
2024 ANNUAL REPORT
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