Kuoni’s annual profits were boosted last year by the ditching of its loss-making European tour operating activities.
Its net result improved to CHF 69.2 million from a loss of CHF 14.4 million in 2012.
During 2013, Kuoni withdrew from loss-making activities in Italy, France and Belgium and it pulled out of the online platform Octopustravel.
New chief executive Peter Meier said: "2013 was a successful year for the Kuoni Group, with further positive organic turnover growth and a significant increase in operating earnings.
"The Group completed its transformation and the GTA (Gullivers Travel Associates) integration successfully, and achieved a clear positive net result.
"All business segments made a positive contribution to earnings, even before positive one-off effects.
"The growth-oriented activities of Group Travel, FIT and the visa services provider VFS Global generated particularly pleasing increases in EBIT."
