November 12, 2009
The Kuoni Group reports underlying earnings before interest and taxes (underlying EBIT 1) of CHF 21.9 million for the first nine months of 2009. Turnover for the period amounted to CHF 2 977 million (down 21.1 %). 2009 continues to be impacted by external influences. The global financial and economic crisis and the substantial net negative impact of currency movements depressed results right through to September. However, through intensified cost controls Kuoni achieved an improvement in its operating result. Third-quarter turnover totalled CHF 1 218 million, while underlying EBIT for the period amounted to CHF 62.6 million. The latest booking figures for 2009 also show a slight upward trend. Kuoni views the stabilisation of its business performance as a positive achievement.
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