Amadeus profits up 19.5%

Amadeus saw profits for the first nine months of the year jump by 19.5% to €400.6 million as booking levels rose.

This came on the back of 3.7% revenue growth to €2,059.8 million and an improvement in EBITDA (earnings before tax and other costs) of 6% to €835.6 million.

Excluding the impact of the sales of equity stakes in and Hospitality Group last year, and the impact of a change in treatment of certain bookings within IT Solutions, revenue grew by 5.4%, the company said.

Total bookings increased by 4.6%, up from 338.6 million to 354.1 million in the nine months to September.

Amadeus said it increased its global market share of travel agency air bookings by 0.9 percentage points, maintaining a leadership position with 37.2% of the global market share of travel agency air bookings during the period.

Low-cost carrier bookings by travel agencies using Amadeus in the third quarter increased by 18% year-on-year with the year-to-date figure to September increasing by 20%. Seventy low cost carriers are now bookable on the system.

Amadeus’ net financial debt on September 30 was €1,850.8 million, down by €720.5 million or 28% against December 2010.

President and chief executive Luis Maroto said: “Both the first nine months of this year and the third quarter have delivered an increase in total billable travel transactions – demonstrating the strength and flexibility of our transaction-based model.

”Once again both the Distribution and IT Solutions businesses have contributed significantly to our performance, with each producing a combination of increased transactions from existing customers along with both new customers and improved market share.

“We look forward to the full year results with confidence.”

Share article

View Comments

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.