Kuoni Travel (VTX:KUNN) Kuoni Reports Further Turnover And Earnings Growth

Kuoni Travel (VTX:KUNN) The Kuoni Group raised its third-quarter turnover by 4.0% to CHF 1 547 million in 2008. Earnings before interest and taxes (EBIT) for the period were increased by 8.2% to CHF 105.8 million. As a result, the CHF 3 775 million turnover generated for the first nine months of 2008 was an improvement of 7.4% on the prior-year period. Nine-month EBIT was increased by an even higher 15.7% to CHF 119.7 million. Strategic Business Units (SBUs) Scandinavia, Switzerland and Asia & Destination Management were the prime contributors to the encouraging turnover and earnings rises of the first nine months. At SBU United Kingdom, by contrast, the already-advanced economic crisis and the resulting consumer restraint continued to depress demand. Kuoni further pursued its growth strategy, acquiring Australian Tours Management and UK-based luxury tour operator Carrier in the third-quarter period.

+-------------------------------------------------------------------+ | INCOME STATEMENT | 1.1.-30.9.2008 | 1.1.-30.9.2007 | CHANGE in | | (CHF MILLION) | | | % | |---------------------+----------------+----------------+-----------| | Turnover | 3 775.0 | 3 514.8 | +7.4 | |---------------------+----------------+----------------+-----------| | Gross profit | 800.0 | 756.6 | +5.7 | |---------------------+----------------+----------------+-----------| | Gross profit margin | 21.2 | 21.5 | | | (%) | | | | |---------------------+----------------+----------------+-----------| | Earnings before | 119.7 | 103.5 | +15.7 | | interest and taxes | | | | | (EBIT) | | | | |---------------------+----------------+----------------+-----------| | EBIT margin (%) | 3.2 | 2.9 | | |---------------------+----------------+----------------+-----------| | Net result | 120.6 | 99.2 | +21.6 | |---------------------+----------------+----------------+-----------| | Cash flow | 172.9 | 242.5 | -28.7 | +-------------------------------------------------------------------+

RESULTS HIGHLIGHTS FOR THE FIRST NINE MONTHS OF 2008

Group turnover totalled CHF 3 775 million, a 7.4% improvement on the CHF 3 515 million of the prior-year period. Organic growth accounted for 7.2 percentage points of the increase and acquisitions for 5.9 percentage points, while currency movements (particularly in the UK) reduced the increase by a substantial 5.7 percentage points.

Earnings before interest and taxes (EBIT) saw a sizeable increase to CHF 119.7 million, 15.7% up on the CHF 103.5 million of 2007.

Third-quarter turnover increased to CHF 1 547 million, while EBIT was improved to CHF 105.8 million.

Kuoni's growth strategy was further pursued with the acquisitions of Carrier (of the UK) and Australian Tours Management. The acquisitions will be included in the scope of consolidation from 1 October and 1 November 2008 respectively.

Kuoni's repositioning as a global travel brand with innovative product lines, a contemporary-style logo and new-look brochures was successfully launched worldwide with the Global Launch Event in London in September 2008.

For more detailed information please check attached link.

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Laurence Bienz Head Investor Relations Kuoni Travel Holding Ltd. +41 44 277 4529 laurence.bienz@kuoni.com

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Kuoni Travel

http://www.kuoni.com

ISIN: CH0003504856

Stock Identifier: XSWX.KUNN