German cruise group TUI has posted a big jump in earnings in its financial year.

For the 12 months to 30 September, it logged underlying EBITDA of EUR 255.6m ($300.43m), up from EUR 190.9m in the previous 12 months.

Revenue grew to EUR 815.1m against EUR 703.5m a year ago.

There has been "substantial earnings growth and a significant increase in average rates," it said.