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Tui Group Interim Report 9M Fy2021 1 October 2020 – 30 June 2021
1 TUI GROUP INTERIM REPORT 9M FY2021 1 OCTOBER 2020 – 30 JUNE 2021 2 Content Interim Management Report ...................................................................................................................................................................................... 3 Q3 2021 Summary ..................................................................................................................................................................................................... 4 Report on changes in expected development .............................................................................................................................................. 8 Structure and strategy of TUI Group ................................................................................................................................................................ 8 Consolidated earnings .............................................................................................................................................................................................. 9 Segmental performance ....................................................................................................................................................................................... 10 Financial position and net assets ..................................................................................................................................................................... 14 Comments on the consolidated income statement -
Annual Report of the Tui Group 2019 2019 Annual Report of the Tui Group 2019 Financial Highlights
ANNUAL REPORT OF THE TUI GROUP 2019 2019 ANNUAL REPORT OF THE TUI GROUP THE OF REPORT ANNUAL 2019 FINANCIAL HIGHLIGHTS 2019 2018 Var. % Var. % at adjusted constant € million currency Turnover 18,928.1 18,468.7 + 2.5 + 2.7 Underlying EBITA1 Hotels & Resorts 451.5 420.0 + 7.5 – 4.9 Cruises 366.0 323.9 + 13.0 + 13.2 Destination Experiences 55.7 45.6 + 22.1 + 20.4 Holiday Experiences 873.2 789.5 + 10.6 + 3.6 Northern Region 56.8 278.2 – 79.6 – 77.1 Central Region 102.0 94.9 + 7.5 + 7.0 Western Region – 27.0 124.2 n. a. n. a. Markets & Airlines 131.8 497.3 – 73.5 – 72.2 All other segments – 111.7 – 144.0 + 22.4 + 18.5 TUI Group 893.3 1,142.8 – 21.8 – 25.6 EBITA2, 3 768.4 1,054.5 – 27.1 Underlying EBITDA3, 4 1,359.5 1,554.8 – 12.6 EBITDA3, 4 1,277.4 1,494.3 – 14.5 EBITDAR3, 4, 5 1,990.4 2,215.8 – 10.2 Net profi t for the period 531.9 774.9 – 31.4 Earnings per share3 in € 0.71 1.17 – 39.3 Equity ratio (30 Sept.)6 % 25.6 27.4 – 1.8 Net capex and investments (30 Sept.) 1,118.5 827.0 + 35.2 Net debt / net cash (30 Sept.) – 909.6 123.6 n. a. Employees (30 Sept.) 71,473 69,546 + 2.8 Diff erences may occur due to rounding. This Annual Report 2019 of the TUI Group was prepared for the reporting period from 1 October 2018 to 30 September 2019. -
How Hydrocarbon Resources and Vladimir Putin's Acquaintances Are Linked to Russia's Foreign Policy Decisions
Union College Union | Digital Works Honors Theses Student Work 6-2020 How Hydrocarbon Resources and Vladimir Putin's Acquaintances are Linked to Russia's Foreign Policy Decisions Anttoni Asikainen Follow this and additional works at: https://digitalworks.union.edu/theses Part of the International Relations Commons Recommended Citation Asikainen, Anttoni, "How Hydrocarbon Resources and Vladimir Putin's Acquaintances are Linked to Russia's Foreign Policy Decisions" (2020). Honors Theses. 2380. https://digitalworks.union.edu/theses/2380 This Open Access is brought to you for free and open access by the Student Work at Union | Digital Works. It has been accepted for inclusion in Honors Theses by an authorized administrator of Union | Digital Works. For more information, please contact [email protected]. How Hydrocarbon Resources and Vladimir Putin's Acquaintances are Linked to Russia's Foreign Policy Decisions By Anttoni Asikainen ********** Submitted in partial fulfillment of the requirements for Honors in the Department of Russian and East European Studies UNION COLLEGE June 2020 i ABSTRACT ASIKAINEN, ANTTONI How Hydrocarbon Resources and Vladimir Putin's Acquaintances are Linked to Russia's Foreign Policy Decisions. Departments of Political Science and Russian and East European Studies, June 2020 ADVISOR: Kristin Bidoshi & David Siegel This thesis examines how Russia uses its hydrocarbon resources as a foreign policy tool. As one of the most significant gas and oil producers in the world, Russia has gained enormous political power in many nations. In short, for many years, Russia has been building asymmetrical economic relationships with multiple countries, including countries in the European Union. Many of these countries have become partially or entirely dependent on Russian energy. -
Tui Group Half-Year Financial Report 1 October 2020 – 31 March 2021
1 TUI GROUP HALF-YEAR FINANCIAL REPORT 1 OCTOBER 2020 – 31 MARCH 2021 2 Contents Interim Management Report ...................................................................................................................................................................................... 3 H1 2021 Summary ..................................................................................................................................................................................................... 4 Report on changes in expected development .............................................................................................................................................. 6 Structure and strategy of TUI Group ................................................................................................................................................................ 6 Consolidated earnings .............................................................................................................................................................................................. 7 Segmental performance .......................................................................................................................................................................................... 8 Financial position and net assets ..................................................................................................................................................................... 12 Comments on the consolidated income statement -
Russia Intelligence
N°70 - January 31 2008 Published every two weeks / International Edition CONTENTS SPOTLIGHT P. 1-3 Politics & Government c Medvedev’s Last Battle Before Kremlin Debut SPOTLIGHT c Medvedev’s Last Battle The arrest of Semyon Mogilevich in Moscow on Jan. 23 is a considerable development on Russia’s cur- Before Kremlin Debut rent political landscape. His profile is altogether singular: linked to a crime gang known as “solntsevo” and PRESIDENTIAL ELECTIONS sought in the United States for money-laundering and fraud, Mogilevich lived an apparently peaceful exis- c Final Stretch for tence in Moscow in the renowned Rublyovka road residential neighborhood in which government figures « Operation Succession » and businessmen rub shoulders. In truth, however, he was involved in at least two types of business. One c Kirillov, Shestakov, was the sale of perfume and cosmetic goods through the firm Arbat Prestige, whose manager and leading Potekhin: the New St. “official” shareholder is Vladimir Nekrasov who was arrested at the same time as Mogilevich as the two left Petersburg Crew in Moscow a restaurant at which they had lunched. The charge that led to their incarceration was evading taxes worth DIPLOMACY around 1.5 million euros and involving companies linked to Arbat Prestige. c Balkans : Putin’s Gets His Revenge The other business to which Mogilevich’s name has been linked since at least 2003 concerns trading in P. 4-7 Business & Networks gas. As Russia Intelligence regularly reported in previous issues, Mogilevich was reportedly the driving force behind the creation of two commercial entities that played a leading role in gas relations between Russia, BEHIND THE SCENE Turkmenistan and Ukraine: EuralTransGaz first and then RosUkrEnergo later. -
Russian Advocacy Coalitions
Russian Advocacy Coalitions A study in Power Resources This study examines the advocacy coalitions in Russia. Using the Advocacy Coalition Framework, it looks at the power resource distribution amongst the coalitions, and how this distribution affects Russian foreign policy. The power resources examined are: Formal Legal Authority; Public Opinion; Information; Mobilizable Troops; and Financial Resources. In addition to this, the study used quantitative and qualitative methods to identify these resources. There are a couple of conclusions we may draw from this study. The method is useful in identifying power resources. It is not enough to use only the distribution of resources amongst coalitions in order to explain policy changes. It is found that the distribution of resources, coupled with coalition interaction, is enough to explain changes in Russian foreign policy. KEYWORDS: Advocacy Coalition Framework, Russia, Power Resources, Natural Gas WORDS: 24,368 Author: Robert Granlund Supervisor: Fredrik Bynander Contents 1. INTRODUCTION ............................................................................................................................... 1 1.1 PURPOSE .................................................................................................................................. 1 1.2 RESEARCH QUESTIONS ............................................................................................................ 2 1.3 OUTLINE.................................................................................................................................. -
An Analysis of Corporate Disputes Roman
INSTITUTIONAL CHANGE IN RUSSIAN CORPORATE GOVERNANCE: AN ANALYSIS OF CORPORATE DISPUTES ROMAN STEPANOV PhD 2008 INSTITUTIONAL CHANGE IN RUSSIAN CORPORATE GOVERNANCE: AN ANALYSIS OF CORPORATE DISPUTES ROMAN STEPANOV A thesis submitted in partial fulfilment of the requirements of the University of Northumbria at Newcastle for the degree of Doctor of Philosophy Research undertaken in Newcastle Business School October 2008 Page ii ABSTRACT Russia has been lagging behind most of the developed countries and some of the transition economies in terms of the corporate governance infrastructure (Woodruff, 2004). However, the challenge to develop strategic assets, particularly in the form of oil and gas reserves, produced the need to attract foreign capital and expertise. This in turn has led to a mounting pressure to improve fundamental characteristics of corporate governance such as the regulatory environment, enforcement mechanisms, corporate structure and transparency (Preobragenskaya, 2004). Since strategic assets are at the very heart of the still undiversified Russian economy, it is easy to see how corporate governance has become one of the top priorities on the agenda of national reforms (EU- Russia Roundtable on Corporate Governance, 2006). This study attempts to register the perceived change in the institutional context in Russia through analysing reported corporate disputes. Thematic template analysis is applied to the data on corporate conflicts taken from the English language Russian press. The results of the study suggest a positive change in perception about the role of formal institutions with reference to private entities and a negative change in terms of perception in relation to state entities. This conclusion is based on the comparison of corporate disputes and enforcement practices employed by the parties to corporate disputes reported in 1998 and 2006. -
Occupied Donbas. Elections
#6 (100) June 2016 Two years of Petro Poroshenko's Clean-up of Ukraine's banking Kazimir Malevich presidency sector: painful, efficient and avant-garde in the 1920s' Kyiv OCCUPIED DONBAS. ELECTIONS WWW.UKRAINIANWEEK.COM Featuring selected content from The Economist FOR FREE DISTRIBUTION CONTENTS | 3 BRIEFING NEIGHBOURS 5 Black books and bought elections: 32 Ivanna Klympush-Tsyntsadze: “We The Party of Regions’ inventory of do not accept arguments of countries bribes and legitimacy of its victory that try to raise the issue of lifting in 2012 election sanctions against Russia” POLITICS Vice-Premier for European and Euro- 7 The fine art of compromise: Atlantic Integration on her priorities The president’s powers after two in office years in office 36 Misplaced charity: What hampers 10 Bouillabaisse de president: the efficiency of international aid Who makes decisions in Petro 38 Philippe de Lara on what the Russia Poroshenko’s circle sanctions resolution of the Senate 12 Andriy Levus: “Ukraine should expect tells about French politicians another radical change“ SOCIETY Head of the VR Public Safety 40 The new left front: How Russia is Subcommittee on how government developing agents of influence in offices are changing and chances of Ukraine through a “reset” with leftist the new political class parties and organizations FOCUS 42 Crimean Muslims at the crossroads: 16 Through the looking glass: The crazy What shape will Islam take world of Minsk How Ukrainian in occupied Crimea? politicians see the likelihood of CULTURE & ART elections in -
Cruise Ship Owners/Operators and Passenger Ship Financing & Management Companies
More than a Directory! Cruise Ship Owners/Operators and Passenger Ship Financing & Management Companies 1st Edition, April 2013 © 2013 by J. R. Kuehmayer www.amem.at Cruise Ship Owners / Operators Preface The AMEM Publication “Cruise Ship Owners/Operators and Passenger Ship Financing & Management Compa- nies” in fact is more than a directory! Company co-ordinates It is not only the most comprehensively and accurately structured listing of cruise ship owners and operators in the industry, despite the fact that the majority of cruise lines is more and more keeping both the company’s coordinates and the managerial staff secret. The entire industry is obtrusively focused on selling their services weeks and months ahead of the specific cruise date, collecting the money at a premature stage and staying almost unattainable for their clients pre and after cruise requests. They simply ignore the fact that there are suppliers and partners around who wish to keep in touch personally at least with the cruise line’s technical and procurement departments! The rest of the networking-information is camouflaged by the yellow-pages industry, which is facing a real prospect of extinction. The economic downturn is sending the already ailing business into a tailspin. The yellow-pages publishers basically give back in one downturn what took seven years to grow! Cruise Ship Financing It is more than a directory as it unveils the shift in the ship financing sector and uncovers how fast the traditional financiers to the cruise shipping industry fade away and perverted forms of financing are gaining ground. Admittedly there are some traditional banks around, which can maintain their market position through a blend of sober judgements, judicious risk management and solid relationships. -
Involvement of Russian Banks and Other Financiers In
INVOLVEMENT OF RUSSIAN BANKS AND OTHER FINANCIERS IN SENSITIVE SECTORS IN RUSSIA A RESEARCH PAPER PREPARED BY PROFUNDO FOR BANK TRACK NOVEMBER 2012 CONTENTS Summary ..........................................................................................................4 Introduction ..........................................................................................................8 Types of finance ..........................................................................................................9 Chapter 1 Financing trends in four Russian sectors..............................................12 1.1 Financing trends in the Russian coal mining sector............................................12 1.1.1 Sector overview .................................................................................................12 1.1.2 Largest companies..............................................................................................14 1.1.3 Groups of financial stakeholders ........................................................................15 1.1.4 Banks .................................................................................................................15 1.1.5 Shareholders......................................................................................................16 1.1.6 Investment banks...............................................................................................18 1.2 Financing trends in the Russian oil & gas sector ................................................19 1.2.1 Sector -
Euro-Zone Economies to Prop up Banks of Rescued Companies Derscores the Government’S Expand- Global Insurance Business
32 MONDAY, OCTOBER 13, 2008 THE WALL STREET JOURNAL. THE FINANCIAL CRISIS Fed to select trustees to oversee AIG stake VOL. XXVI NO. 179 MONDAY, OCTOBER 13, 2008 lending the insurer as much as $85 who effectively became sharehold- rectors, but the loan agreement al- the hook for about $1 billion a Œ2.90 Move suggests a way billion last month. The Fed last ers by making the loan, have a better lows the trustees to direct its month in interest. Œ2.90 week extended almost $38 billion in chance of being rewarded. The bail- makeup. The agreement requires On Friday, a person involved in - Spain to handle oversight additional credit to address AIG’s out also positions the government the insurer “to use reasonable ef- the situation said many firms are in- - France latest cash crunch. The new loan un- to compete with private firms in the forts” to make its board “satisfac- terested in AIG’s assets but there is Œ3.20 Euro-zone economies to prop up banks of rescued companies derscores the government’s expand- global insurance business. tory to the trust” within 10 days of essentially no financing and poten- ing role in keeping AIG from bank- The trust arrangement could be the trust’s creation, AIG said in a tial buyers are hoarding capital. A Sk 100/Œ3.32 the 15 countries that use the euro The accord among the euro- By Sudeep Reddy ruptcy, which Treasury officials say one model for how the government statement last month. few parties interested in big assets - Finland Options include said they would partially national- zone countries was an attempt to would be disastrous for financial manages its ownership stakes in The Fed thus far has approached were holding preliminary conversa- - Slovakia ize their banks when necessary. -
Russia Without Putin 242
Kent Academic Repository Full text document (pdf) Citation for published version Sakwa, Richard (2020) The Putin Paradox. I. B. Tauris Bloomsbury, United Kingdom, 338 pp. ISBN 978-1-78831-830-3. DOI Link to record in KAR https://kar.kent.ac.uk/80013/ Document Version Publisher pdf Copyright & reuse Content in the Kent Academic Repository is made available for research purposes. Unless otherwise stated all content is protected by copyright and in the absence of an open licence (eg Creative Commons), permissions for further reuse of content should be sought from the publisher, author or other copyright holder. Versions of research The version in the Kent Academic Repository may differ from the final published version. Users are advised to check http://kar.kent.ac.uk for the status of the paper. Users should always cite the published version of record. Enquiries For any further enquiries regarding the licence status of this document, please contact: [email protected] If you believe this document infringes copyright then please contact the KAR admin team with the take-down information provided at http://kar.kent.ac.uk/contact.html i THE PUTIN PARADOX 99781788318303_pi-306.indd781788318303_pi-306.indd i 115-Oct-195-Oct-19 112:25:332:25:33 ii 99781788318303_pi-306.indd781788318303_pi-306.indd iiii 115-Oct-195-Oct-19 112:25:332:25:33 iii THE PUTIN PARADOX Richard Sakwa 99781788318303_pi-306.indd781788318303_pi-306.indd iiiiii 115-Oct-195-Oct-19 112:25:332:25:33 iv I.B. TAURIS Bloomsbury Publishing Plc 50 Bedford Square, London, WC1B 3DP, UK 1385 Broadway, New York, NY 10018, USA BLOOMSBURY, I.B.