Amadeus Reports Profits and Growth

graphAmadeus IT Holding, S.A., parent company of the Amadeus Group, reported year-on-year financial and operating results for the first nine months of 2012 (nine months ended September 30, 2012). This included an adjusted profit for the first nine months of 20.2 percent to reach €481.3 million. This was backed by growth in revenue of 8.4 percent to €2,233.1 million, Amadeus said.

This growth record was supported by significant year-on-year growth from both the Distribution and IT Solutions businesses, Amadeus said. Revenue in the Distribution business increased by 6.4 percent, rising to €1,690.5 million while the number of total bookings, including both air and non air travel agency bookings, improved by 3.3 percent, to 365.8 million. 

Amadeus also reports it expanded its global market share of travel agency air bookings by 0.9 percentage point during the first nine months of 2012 to reach 38.1 percent.  

Luis Maroto, president and CEO of Amadeus, commented: “In spite of continued global macro-economic challenges, Amadeus has maintained its growth record during the first nine months of the year, including the third quarter. "

"While traffic and GDS volumes have shown some weakness this year, driven by the still uncertain economic environment, we nonetheless believe our geographically diverse business model remains resilient. We confidently await the results for the full financial year," Maroto said.

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