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Amadeus

Blog

2013: Another highly successful year for Amadeus

Cristina Fernandez

Director, Investor Relations, Amadeus IT Group

As you may know, our President & CEO, Luis Maroto, and our CFO, Ana de Pro, presented our 2013 financial results today.

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In 2013, we delivered strong operational results, with profitable growth in both our core businesses, Distribution and IT Solutions. Our EBITDA grew by 7.2%, to €1,188.7 million, and adjusted profit rose 7.8% to €619.5 million. Our positive results have been supported by the resilience of the travel and technology industries we operate in, and our transaction-based business model. Our differentiated offer and customer focus have also allowed us to continue to gain market share in our markets.

Revenue in Distribution of €2,317.8 million was 5.3% higher than in 2012, driven by a 6.5% increase in our air travel agency bookings, reaching 443.4 million this year. This compares positively with the air travel agency booking industry which experienced a more moderate 2% growth in 2013. Our global market share increased by 1.5 percentage points in 2013, reaching 40.1%. This was achieved mostly thanks to our geographic diversification and presence in emerging markets, as well as to our notable market share gains in North America. In 2013, we extended all distribution contracts up for renewal and we added 10 new LCCs to the platform.

IT Revenues

In our IT Solutions business, revenue grew by 10.8% to €785.9 million, supported by Passengers Boarded growth of 9.2%. In 2013, we processed a total of 616 million Passengers Boarded.  Large migrations took place during the year, including EVA Airways, Garuda Indonesia, Thai Airways and Asiana Airlines. Asia Pacific, one of the fastest-growing regions in terms of Passengers Boarded, is now the second largest region for our Airline IT business.

We have made key progress in our NBU areas. In Airport IT we signed two important contracts with the Munich and Copenhagen airports to develop new modules. And in Hotel IT, in December, we announced the acquisition of US-based Newmarket International , a leader in the sector. The transaction significantly strengthens our expertise, experience, and relationships in the hotel IT market.

If you would like to know more, further information can be found in the press release and other documents posted today on our Investor Relations website – along with a wide selection of other facts and figures.

Later in the year, in May, we will announce our financial results for the first quarter of 2014, followed shortly after with the publication of our Annual Report for 2013, ahead of our Shareholder General Meeting (SGM) in June.


Tags

Financial Results, Investor Relations