Amadeus Exceeds EUR 2 Billion Revenue in 2004

Net income up by 29.9%, to EUR 208 million

Total reservations increase by 7.6% year-on-year to over 454 million

Commenting on the results, Amadeus President and CEO José Antonio Tazón said:

“In 2004 Amadeus continued to grow its core reservation and distribution business while at the same time making significant progress with the steady diversification into airline IT solutions and e-commerce. In terms of overall revenue for the year we passed the milestone of EUR 2 billion for the first time.

“Total booking revenue rose by 5.4%, while other revenue, including IT Services and e-commerce rose by 10.5%. Net income grew by 29.9% to EUR 208 million, in line with our forecast.

“Amadeus’ 2004 overall bookings grew by 7.6%, an increase we were able to accomplish thanks to our presence in 217 markets around the world, especially in the strong growth regions of Asia Pacific, Middle East & Africa and Eastern Europe.

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“Beyond air reservations, other travel provider bookings grew by 5.4%? overall, including an increase of 11.2% in hotel bookings and a significant 65.2% in cruise reservations. Online bookings grew 53% to 42.7 million, now representing 10.4% of our total bookings volume?.

“Overall, our continued focus on minimising cost, and maximising the value of our services to our diversifying customer base, has led us to deliver a solid financial performance for the year 2004.”
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