Amadeus delivers strong first quarter results
Amadeus IT Holding, S.A., a leading technology partner for the global travel industry, reports year-on-year financial and operating results for the first quarter of 2016. Its revenue increased 13.2%, to €1,120.0 million.
May, 5: Amadeus IT Holding, S.A., a leading technology partner for the global travel industry, reports year-on-year financial and operating results for the first quarter of 2016 (three months ended March 31, 2016). Adjusted profit for the period grew 17.0%, to €245.6 million.
First quarter highlights (three months ended March 31, 2016)
_ Revenue increased 13.2%, to €1,120.0 million.
_ EBITDA grew 15.2%, to €448.8 million.
_ In the Distribution business, total air travel agency bookings rose 2.4%, to 141.2 million.
_ In the IT Solutions business, Passengers Boarded increased 63.0%, to 269.5 million.
Luis Maroto, President & CEO of Amadeus, commented:
“We have experienced a strong start to the year, delivering solid financial results and various successful business announcements in both Distribution and IT Solutions.
Business highlights during the first quarter
_ Revenue increased 4.2%, to €751.7 million.
_ Air travel agency bookings rose 2.4%, to 141.2 million.
_ Air travel agency competitive position expanded by 0.7 percentage points, reaching 42.6%.
_ Navitaire consolidation significantly contributed to strong IT Solutions performance.
_ Revenue grew 37.6%, reaching €368.3 million.
_ Passengers Boarded rose by 63.0% to total 269.5 million, with 87.9m from Navitaire.
At the end of the first quarter 132 airlines globally were contracted for both Altéa Reservation and Altéa Inventory.
China Airlines, the largest airline and flag carrier of the Republic of China (Taiwan), along with its subsidiary, Mandarin Airlines, have now migrated to the Altéa Reservation and Inventory modules as part of their contract for the full Amadeus Altéa Suite.
Singapore Airlines will also adopt the Amadeus Dynamic Pricing and Amadeus Altéa Group Manager solutions.
Quebec City’s Jean Lesage International Airport is implementing next-generation cloud-based Amadeus technology, to provide a more efficient passenger departure experience and create substantial cost and energy savings.
Additionally Copenhagen Airports has chosen to harness the power of the cloud through a ten-year IT partnership with Amadeus.