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Sabre reports second quarter 2016 results

08/02/2016| 8:55:25 PM| 中文

Sabre consolidated second quarter revenue increased 19.5% to $845.2 million with Airline and Hospitality Solutions revenue increased 16.4% to $252.2 million and Travel Network revenue increased 20.9% to $597.9 million.

SOUTHLAKE, Texas – August 2, 2016 – Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter ended June 30, 2016.

“Sabre second quarter results build on our growing and consistent track record of solid execution,” said Tom Klein, Sabre president and chief executive officer. “While the macro environment has offered little upside, our results demonstrate our ability to grow as we capitalize on strong demand for our Airline and Hospitality Solutions SaaS portfolio and as Travel Network continues to expand globally."

Q2 2016 Financial Summary

 Sabre consolidated second quarter revenue increased 19.5% to $845.2 million, compared to $707.1 million for the same period last year.

Second quarter consolidated Adjusted EBITDA was $271.5 million, a 19.3% increase from $227.6 million in the second quarter of 2015. The increase is the result of Adjusted EBITDA increases of 22.2% in Travel Network and 13.5% in Airline and Hospitality Solutions, respectively.

Adjusted net income from continuing operations per share (Adjusted EPS) increased 37.0% to $0.37 from $0.27 per share in the second quarter of 2015.

Cash provided by operating activities totaled $123.6 million, compared to $136.2 million in the second quarter of 2015. Second quarter Free Cash Flow was $34.5 million, compared to $70.2 million in the year ago period. Capital expenditures totaled $89.1 million, compared to $66.1 million in the year ago period. Adjusted Capital Expenditures totaled $112.4 million, compared to $81.3 million in the second quarter of 2015.

Sabre Airline and Hospitality Solutions

Second quarter Airline and Hospitality Solutions revenue increased 16.4% to $252.2 million compared to $216.6 million for the same period in 2015. Second quarter Airline and Hospitality Solutions Adjusted EBITDA increased 13.5% to $91.9 million from $81.0 million in the prior year period.

Sabre Travel Network

Second quarter Travel Network revenue increased 20.9% to $597.9 million, compared to $494.5 million for the same period in 2015. Second quarter Travel Network Adjusted EBITDA increased 22.2% to $251.6 million from $206.0 million in the prior year period.

Business Outlook and Financial Guidance

Sabre's full-year 2016 guidance is as follows:

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