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Amadeus Reports Strong Profit GrowthFebruary 24, 2012 By: George Dooley Travel Agent
Amadeus IT Holding, S.A., parent company of the Amadeus Group, has announced year-on-year financial and operating results for the full year of 2011 (twelve months ended December 31, 2011). This includes adjusted profit for the full year that increased 20.7 percent to reach €487.2 million. This was backed by growth in revenue of 5.8 percent to €2,712.0 million.
The total billable travel transactions processed increased by 11.5 percent to reach 947.6 million in 2011, rising from 849.9 million in 2010, Amadeus said.
Both the Distribution and IT Solutions businesses were significant contributors to the company's performance during 2011, Amadeus said. Revenue in the Distribution area increased by 5.2 percent, rising to €2,079.4 million. Total bookings, including both air travel agency and non air bookings, increased by 5.0 percent, up from 441.6 million to 463.8 million.
Amadeus reports it also increased its global market share of travel agency air bookings by 1.0 percent, maintaining its leadership position with a 37.7 percent share. IT Solutions continued its growth record with an increase in revenue of 7.8 percent during the full year to €628.0 million.