Amadeus reports strong profit growth

BTN News
Wednesday, 09 November 2016

Travel tech firm Amadeus IT Group has reported an adjusted profit of EUR738.1 million in the nine months to September 30, 2016. That represented a growth of 21.3 per cent compared to the same period of 2015 driven by a revenue increase of 14.2 per cent to EUR3,386.5 million, and EBITDA growth of 16.4 per cent to EUR1,332.1 million. Free cash-flow generation grew by 18.2 per cent in the first three quarters of the year, with the debt ratio at 1.21x EBITDA.


Luis Maroto, president and ceo of Amadeus commented:


“Our strong financial performance is the result of organic growth in our core businesses and the contribution of last year’s acquisitions including Navitaire.
“Our distribution business continues to grow faster than the industry and its competitive position once again increased - to 43.1 per cent.


“We successfully renewed or signed content agreements with 17 airlines in the quarter, including easyJet.


“In addition, the world’s leading travel search engine, Kayak implemented Amadeus Master Pricer with Instant Search technology.


“The airline IT business has also experienced strong growth in the first nine months of 2016, supported by up-selling and cross-selling, as well as organic growth. The total number of passengers boarded using Amadeus’ Passenger Service Systems (Altéa or Navitaire New Skies) increased by 82.9 per cent to 1,028.5 million. Compared to the same period last year, excluding Navitaire, Altéa passengers boarded grew 12.1 per cent.

Amadeus reports strong profit growth

BTN News
Wednesday, 09 November 2016

Travel tech firm Amadeus IT Group has reported an adjusted profit of EUR738.1 million in the nine months to September 30, 2016. That represented a growth of 21.3 per cent compared to the same period of 2015 driven by a revenue increase of 14.2 per cent to EUR3,386.5 million, and EBITDA growth of 16.4 per cent to EUR1,332.1 million. Free cash-flow generation grew by 18.2 per cent in the first three quarters of the year, with the debt ratio at 1.21x EBITDA.


Luis Maroto, president and ceo of Amadeus commented:


“Our strong financial performance is the result of organic growth in our core businesses and the contribution of last year’s acquisitions including Navitaire.
“Our distribution business continues to grow faster than the industry and its competitive position once again increased - to 43.1 per cent.


“We successfully renewed or signed content agreements with 17 airlines in the quarter, including easyJet.


“In addition, the world’s leading travel search engine, Kayak implemented Amadeus Master Pricer with Instant Search technology.


“The airline IT business has also experienced strong growth in the first nine months of 2016, supported by up-selling and cross-selling, as well as organic growth. The total number of passengers boarded using Amadeus’ Passenger Service Systems (Altéa or Navitaire New Skies) increased by 82.9 per cent to 1,028.5 million. Compared to the same period last year, excluding Navitaire, Altéa passengers boarded grew 12.1 per cent.