Amadeus IT Holding has reported adjusted profit for the three months to March 31st grew 17 per cent, to €245.6 million.
This was supported by a revenue increase of 13.2 per cent, to €1,120 million, and EBITDA growth of 15.2 per cent, to €448.8 million.
Free cash-flow generation at the leading technology partner for the global travel industry expanded 17.9 per cent in the quarter, in the context of a robust capital structure, with leverage at 1.43x EBITDA.
Amadeus president Luis Maroto commented: “We have experienced a strong start to the year, delivering solid financial results and various successful business announcements in both Distribution and IT Solutions.
“In Distribution, we continued to grow our business steadily and revenues increased 4.2 per cent in the quarter; while in IT Solutions, revenue grew at a pace of 37.6 per cent in the first quarter of 2016, driven by underlying strong double-digit growth, combined with the consolidation of Navitaire and the 2015 acquisitions.
“We are focused on technology as a means to always serve our customers better and to support long-term growth.
“We look forward to the rest of the year with confidence.”