Amadeus IT Group S.A maintained its positive financial evolution in the first nine months of the year, supported by the solid operating performances of its Distribution and IT Solutions businesses, the consolidation of TravelClick (since October 4, 2018) and positive foreign exchange effects.
These factors helped to achieve double-digit growth both in revenue and EBITDA, and an adjusted profit2 of €992.5 million, which represents an increase of 11.9% compared to the same period of 2018.
Highlights for the first nine months
– Revenue grew by 15.0%, to €4,236.6 million.
– EBITDA increased by 11.1%, to €1,763.8 million
– In Distribution, Amadeus' travel agency air bookings grew 0.5%, to 447.0 million, while the industry dropped 0.8%
– In IT Solutions, passengers boarded expanded 7.1%, to 1,496.6 million.
Luis Maroto, President & CEO of Amadeus, commented:“In Distribution, our booking volumes outperformed the industry, driven by market share gains in all regions except Asia-Pacific. In IT Solutions, we continued supporting our customers with new partnerships and solutions, such as our new agreement with Visa to secure payments for the travel industry and our passenger disruption solutions which were contracted by several airlines during the quarter.”
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