06 Aug 2017

Amadeus delivers solid financial results in the first half of 2017

Amadeus’ financial performance was positive in the first six months of the year. This was supported by strong operating performances in our businesses and the consolidation effect of Navitaire.

First half of the year highlights (six months ended June 30, 2017)

Revenue increased 9.5%, to €2,490.7 million
EBITDA grew 10.1%, to €998.9 million
In the Distribution segment, total travel agency air bookings rose to 295.2 million, which represents growth of 5.7%
In IT Solutions, Passengers Boarded(1) increased 19.8% to 753.4 million
Amadeus IT Group, S.A., a leading technology partner for the global travel industry, achieved adjusted profit of €574.0 million during the first half of 2017. This represents an increase of 16.1% compared to the same period last year. From January to June, Amadeus’ revenue grew 9.5%, to €2,490.7 million, while EBITDA increased 10.1% to €998.9 million.

Luis Maroto, President & CEO of Amadeus, commented:
“Amadeus’ progression in the first half of the year was positive. Our businesses performed well and completed important milestones successfully, such as the migration of Southwest Airlines’ domestic flights to Altéa“.

“Our Distribution segment continued to grow ahead of the industry, which allowed us to improve our competitive position(2). In IT Solutions, we had important migrations that have contributed to the expansion of our international footprint. In the first half of the year 56.8% of our passengers boarded were generated outside of Europe“.

"We look forward to the second half of the year with confidence“.

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Full Article: Amadeus IT Group

Source : Amadeus IT Group

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