We’re creating a more connected travel industry, underpinned by sustainability and long-term investor relations.
Senior Manager, Executive Communications, Amadeus IT Group
Amadeus reported another strong set of results for the first half of 2016. Solid organic growth of our core businesses and the positive contribution of our recent acquisitions, most notably Navitaire, supported a 15.1% increase of revenues, a 16.5% increase of EBITDA and 17.9% growth in adjusted net profit, to 494.5 million euros.
The Distribution business continued to grow faster than the industry and its competitive position once again increased, to 43.2%. We continue to invest in making the GDS the most efficient system for the distribution of travel products, as shown by the success of our merchandising solutions: 157 airlines trust us for the distribution of their ancillaries through the direct and indirect channels. Total air travel agency bookings grew by 5%, outperforming GDS industry growth of 2.2%.
The Airline IT business has also experienced strong growth in the first half of 2016. The number of passengers boarded using the Altéa platform grew by 10.9% supported by the organic growth of our customer base and new customer implementations. This strong performance was complemented by the acquisition of Navitaire from Accenture, finalised in January. Thanks to its contribution, the total number of passengers boarded using Amadeus’ PSS systems increased by 75.7%, to 622.4 million.
Our new businesses also showed progress, proven by new contracts being signed with Quebec City’s Jean Lesage International Airport and with Copenhagen Airports; the new itinerary management mobile app launched for Boston Consulting Group employees worldwide; the two new Travel Intelligence solutions, and the international distribution agreement reached with RENFE, the Spanish rail operator.
To learn more about today’s results please take a look at our infographic, 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.