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Amadeus
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Amadeus publishes first quarter financial results
Ben Hunt
Group Communications Director, Amadeus IT Group
Today Amadeus published financial results for the first quarter of 2016. Further business wins, strong operational performances in both Distribution and IT Solutions, and recent acquisitions all contributed to a strong financial performance:
- Revenue increased 13.2%, to €1,120 million
- Adjusted profit grew 17.0%, to €246 million
- Free cash-flow generation expanded 17.9%, to €265 million
“We have experienced a strong start to the year, delivering solid financial results and various successful business announcements in both Distribution and IT Solutions… we look forward to the rest of the year with confidence.”
- said Luis Maroto, President & CEO of Amadeus.
This was backed by operational growth in both the Distribution and IT Solutions businesses:
- Total air travel agency bookings rose 2.4%, to 141 million
- Passengers Boarded increased 63%, to 270 million
The Amadeus long-term growth strategy of focusing on technology that continually better serves customers helped increase Distribution revenue by 4.2%; whilst in IT Solutions revenue grew 37.6% supported by a combination of underlying double-digit growth and the consolidation of recent acquisitions, including Navitaire.
The Amadeus financial structure remained robust, with net debt of 1.43x EBITDA.
To learn more about today’s results please look at our infographic , read the press release or visit the Investor Relations website , where you’ll find all the documents filed with the stock exchange this morning.
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Investor Relations