Amadeus revenue increases 15.1% in first half of 2016
Amadeus reports year-on-year financial and operating results for the first half of 2016. Revenue increased 15.1%, to €2,275.5 million.
July, 29: Amadeus IT Holding, S.A., a leading technology partner for the global travel industry, reported an adjusted profit of €494.5 million for the first half of 2016. That meant a growth of 17.9% compared to the same period of 2015.
_Revenue increased 15.1%, to €2,275.5 million.
_ EBITDA grew 16.5%, to €907.1 million.
_ In the Distribution business, total air travel agency bookings rose 5%, to 279.3 million.
_ In the IT Solutions business, Passengers Boarded increased 75.7%, to 622.4 million.
Business highlights during the first half：
_ Revenue increased 7.5%, to €1,520.5 million.
_ Air travel agency bookings rose 5.0%, to 279.3 million.
_ Air travel agency competitive position expanded by 1.0 percentage points, reaching 43.2%.
_ Navitaire consolidation significantly contributed to strong IT Solutions performance.
_ Revenue grew 34.4%, reaching €754.9 million.
_ Passengers Boarded rose by 75.7% to total 622.4 million, with 229.5 million from Navitaire.
RENFE, the Spanish rail operator that transported a record 31 million passengers on its high speed trains in 2015, agreed to distribute its rail content to Amadeus subscribers globally.
Amadeus is partnering with MasterCard to offer travel agencies payment acceptance and security around the globe, as well as better protection against supplier default when using B2B Wallet.
Quebec City’s Jean Lesage International Airport will implement the Amadeus Airport Common Use Service (ACUS) to provide a more efficient passenger departure experience and create substantial cost and energy savings. Additionally Copenhagen Airports has signed a ten year IT partnership with Amadeus.