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Amadeus reports increase in net profits for 2013

Amadeus reports increase in net profits for 2013

Amadeus IT Holding, parent company of the Amadeus Group, has reported an adjusted profit for the year to December 31st 2013 of €620 million, an increase of 7.8 per cent on 2012.

This was supported by an increase in revenue of 6.6 per cent, to €3,104 million, and 7.2 per cent growth in EBITDA, to €1,189 million.

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

“Our transaction-based business model has continued to be resilient in the face of industry challenges, while our investment in research and development, which drives product evolution and portfolio expansion, has contributed to our continued growth.

“Even in the context of slow growth in the wider market, Amadeus continued to outperform the travel distribution industry and reinforce its leading position in the air distribution segment, with a market share increase to 40 per cent in total air travel agency bookings.

“This was most apparent in North America, one of our strategic targets for expansion, where despite contraction in the region we achieved a 38.1 per cent increase.”

Maroto continued: “We continued to execute on our strategy of developing new business areas, and made particular progress in the airport and hotel segments. 

“With the acquisition of Newmarket International, a leader in the Hotel IT industry, we have enhanced our presence in a key growth area for Amadeus.

“Meanwhile our airports unit made progress in the ground-handling area as well as signing key agreements with Copenhagen and Munich airports.”