Amadeus sees jump in profits

10th Nov 2013
Amadeus sees jump in profits

Amadeus IT Holding, parent company of the Amadeus Group, has reported year-on-year financial and operating results for the first nine months of 2013.

To September 30th adjusted profit grew 6.3 per cent to €511 million.

This was supported by an increase in revenue of 5.8 per cent to €2.4 billion and a 6.5 per cent growth in EBITDA to €949 million.

Consolidated net financial debt was reduced to €1.9 billion, as of September 30th, 2013.

This was a decrease of €208 million when compared to December 31st, 2012 and reduced to 1.10x the ratio of debt to the last twelve months’ covenant EBITDA.

The track record for year-on-year improvements continued across both Distribution and IT Solutions.

Revenue in Distribution increased 5.5 per cent, to €1.8 billion, with air travel agency bookings rising 6.6 per cent, to €341 million.

This was backed by a 1.8 percentage points expansion of Amadeus’ market share of travel agency air bookings, to become 39.9 per cent.

Revenue from IT Solutions rose 6.6 per cent, to €578 million, where Passengers Boarded strengthened 8.4 per cent to total €455 million.

Amadeus president Luis Maroto commented: “Amadeus has maintained its track record of delivering growth in revenues and profitability. 

“The two key drivers behind our continued growth are our resilient transaction-based model and our long-term contracts with recurring revenues.

“These factors allow us to make the research commitments necessary to continue delivering first class solutions to our customers.”


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation