Tui Group shares soared over 10% in Wednesday's premarket session as investors continued to digest the company's full-year results released earlier in the day.
The travel and tourism company said in its earnings report that its revenue jumped 11% to $9.2 billion in the fourth quarter of 2023 and "a record full year 2023 Group revenue of $20.7 billion, 25% higher than in 2022." Underlying year-on-year EBIT skyrocketed 139% to $1.1 billion. In addition, the enterprise announced during the presentation of its results that it is considering delisting from the London Stock Exchange.
At 6:02 am ET, Tui's share jumped 10.53% to sell for $6.57.
