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Amadeus

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Strong financial performance in first nine months of 2016 sees EBITDA grow 16.4%  

Neil Rogan

Corporate Communications Manager, Amadeus IT Group

Amadeus reported another strong set of results for the first nine months of 2016. Strong organic growth in our core businesses and the contribution of last year’s acquisitions including Navitaire, supported a 14.2% increase of revenues, a 16.4% increase of EBITDA and 21.3% growth in adjusted net profit, to €738.1 million.

Amadeus corporate

 

Distribution Business

Our Distribution business continues to grow faster than the industry and its competitive position once again increased to 43.1%.  We have renewed or signed content agreements with 17 airlines in the quarter, including easyJet. Also, the world’s leading travel search engine, KAYAK, implemented Amadeus Master Pricer with Instant Search technology.

Airline IT Business

We have also seen strong growth in our Airline IT business for the first nine months of 2016, supported by upselling and cross-selling, as well as organic growth.  The total number of passengers boarded using Amadeus’ Passenger Service Systems (Altéa or Navitaire New Skies) increased by 82.9%, to 1,028.5 million. Compared to the same period last year, excluding Navitaire, Altéa passengers boarded grew 12.1%.

In the third quarter, Malaysia Airlines announced that it had selected the full Amadeus Altéa Passenger Service System, Amadeus Anytime Merchandising as well as our e-commerce solutions. In addition, EVA Air moved to Amadeus Altéa Revenue Management Suite, while Virgin Australia announced that it had become part of the Altéa DC Flight Management family.

Our new businesses

In our new businesses, we completed the successful implementation of Amadeus Airport Sequence Manager  and A-CDM Portal  solutions in Copenhagen Airports.  We are also advancing in the execution of our Hospitality IT strategy, by integrating Itesso and Hotel SystemsPro and by working with InterContinental Hotels Group in the development of a new-generation Guest Reservation System for the hospitality industry.

To learn more about today’s results please take a look at our infographicread the press release  or visit the Investor Relations website, where you will find all the documents filed with the stock exchange authorities this morning.

 

financial results 2016

Tags

Industry Relations, Investor Relations