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Posted by Stuart Brocklehurst (Group Communications Director, Amadeus IT Group)
Today we have published our financial results for the first half of 2012 (January 1 until June 30).
This growth record is supported by significant year-on-year growth from both our business lines - Distribution and IT Solutions .
Revenue in the Distribution business increased by 7.2%, to €1,157.4 million whilst the number of total bookings, including both air travel agency and non air bookings, improved by 4.2%, to 252.2 million.
In the IT Solutions business revenue increased by 13.6%, to €351.4 million, and the Passengers Boarded (PB) figure was lifted by 27.0%, rising to 259.0 million. Currently Amadeus projects over 750 million PB for 2014, based upon existing contracts.
As usual, our financial results were filed with the CNMV (the Spanish stock market regulator) in both Spanish and English.
In November we will publish our results for the third quarter – and will update you again then.
Passengers Boarded (PB): actual passengers boarded onto flights operated by airlines using at least the Amadeus Altéa Reservation and Inventory modules. A PB is the key metric for charging in the Amadeus IT transactional revenue business line.↩ 
EBITDA adjusted to exclude extraordinary items related to the IPO. In addition, for purposes of comparability, the revenue associated to the IT contract resolution with United Airlines in Q2 2011, as well as certain costs of migration that were incurred in relation to this contract, have been reclassified from the Revenue and Other operating expenses captions, respectively, to the Other income (expense) caption in the 2011 figures. The growth rates shown above take into account this reclassification.↩ 
Excluding after-tax impact of the following items from continuing operations: (i) amortisation of the purchase price allocation (PPA) and impairment losses, (ii) changes in fair value and cancellation costs of financial instruments and non-operating exchange gains (losses) and (iii) extraordinary items related to the sale of assets and equity investments, the debt refinancing, the United Airlines contract resolution and the IPO. ↩
2014 estimated annual PB calculated by applying IATA’s regional air traffic growth projections to the latest available annual PB figures, based on public sources or internal information (if already on our platform).↩