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Amadeus Reports Sustained GrowthMay 9, 2012 By: Newswire Travel Agent
Amadeus IT Holding, S.A., parent company of the Amadeus Group, reports financial and operating results for the first quarter of 2012 (three months ended March 31, 2012) including increased profits of 22.1 percent to €167.9 million. This was backed by growth in revenue of 8.5 percent to €764.1 million and a 5.4 percent rise in EBITDA to €307.2 million. Net debt was also reduced.
The Distribution and IT Solutions businesses both played equally important roles in the growth of the company during the quarter by delivering improved performances, Amadeus said. Revenue in the Distribution business increased by 8.0 percent, rising to €597.6 million. Total bookings, including both air travel agency and non air bookings, increased by 6.1 percent, up from 124.7 million to 132.3 million.
Amadeus also reports it expanded its global market share of travel agency air bookings by 0.9 of a percentage point, maintaining its leadership position with 38.2 percent.
Luis Maroto, president and CEO of Amadeus, commented: "Despite the uncertain economic environment, we look forward to the remainder of the year with confidence."
Amadeus highlighted its agreement to supply content and technology in the North American market to Expedia, Inc., UNIGLOBE Travel and TS24, an American-based corporate travel management services provider.