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Amadeus

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Amadeus maintains solid growth momentum in first quarter of 2019

Alba Redondo

Financial Corporate Communications Manager, Amadeus

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English
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Amadeus today announced its financial results for the first quarter of 2019. The solid operating performances of its Distribution and IT Solutions businesses and the consolidation of TravelClick (since October 4, 2018) contributed to double-digit growth both in revenue and EBITDA in the quarter, as well as to an adjusted profit of €334.7 million. This represents an increase of 9.5%1 compared to the same period of 2018

Luis Maroto, President & CEO of Amadeus, explained: “Within a complex travel industry environment, Amadeus has maintained its good momentum into 2019, with healthy growth levels in both of its core segments”.  

IT Solutions was once more instrumental to maintain our positive financial track record. The solid operating performance of Airline IT and the positive growth of our new businesses, including the TravelClick consolidation, were the key drivers for the 31.2%1 increase in IT Solutions’ revenue during the first quarter, to €570.0 million.

In Airline IT, we continued to expand our customer base and at the close of March, 214 airlines had signed up for either of our passenger service systems. Our upselling efforts also paid off and we saw existing customers such as All Nippon Airways or Qatar Airways contracting further solutions. 

As for our New Businesses, they also grew strongly during the first three months of the year, boosted by the TravelClick consolidation and underlying double-digit revenue growth delivered by our new businesses.  

In Distribution, and despite less favorable market conditions, we continued to expand content for our subscribers and increased our competitive positioning in terms of air bookings. Our travel agency air bookings increased 1.6% between January and March, supported by market share growth in all regions except Asia Pacific, mainly due to India (excluding India, our bookings grew 3.4% globally). North America was our fastest growing region with an increase of 14.6%. We returned to growth in Western Europe, on the back of market share gains. 

Despite this more complex environment, Luis Maroto said: “I am confident that thanks to the resilience of our business and the broadening of our customer base, we will continue to deliver good growth in 2019”.

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

[1] Adjusted to exclude TravelClick’s acquisition related costs (amounting to €1.2 million before taxes) and PPA effects (which reduce revenue and EBITDA by €3.9 million and €3.0 million, respectively. Adjusted profit is not impacted by PPA effects).

Amadeus Q1 Financial Results


Tags

Financial Results, Investor Relations