Amadeus announces upswing in profit

Amadeus announces upswing in profit

Amadeus IT Holding, parent company of the Amadeus Group, has announced year-on-year financial and operating results for the full year.

In the year to December 31st, adjusted profit increased 20.7 per cent to reach €487.2 million.

This was backed by growth in like-for-like revenue of 5.8 per cent to €2,712 million and a 6.4 per cent improvement in EBITDA to €1,039 million.

The total billable travel transactions processed increased by 11.5 per cent to reach 947.6 million in 2011, rising from 849.9 million in 2010.

“During the year our financial structure was further strengthened through €719.5 million of debt reduction against December 31, 2010,” the transaction processor said in a statement.

“In addition, we refinanced our debt through a new senior unsecured credit facility, bringing more flexibility through extended maturity periods and improved terms and conditions.

For 2011 the total dividend will amount to €165.6 million (equal to €0.37 per share).