Travelport Reports Fourth Quarter and Full Year 2014 Results
Travelport Worldwide announced today its financial results for the fourth quarter and full year ended December 31, 2014.
LANGLEY, U.K., Feb. 23, 2015-- Travelport Worldwide (NYSE: TVPT) announced today its financial results for the fourth quarter and full year ended December 31, 2014.
Full year net revenue up 3%; Adjusted EBITDA for FY 2014 up 5%, at top end of guidance
Beyond Air revenue up 14% to $424 million in FY 2014, representing 21% of Travel Commerce Platform revenue (FY 2013: 19%)
Hospitality segments per 100 airline tickets issued increased to 43 in FY 2014 (FY 2013: 41)
eNett momentum continues with full year revenue growth of 49% to $67 million. Payment transactions accelerated during the fourth quarter at key agency customers
Air value proposition further enhanced; 89 airlines signed to-date for Travelport's unique "Rich Content & Branding" merchandising solution – 51 already have content live in the latest release of Smartpoint, our multi award-winning point-of-sale application
Board of Directors declared $0.075 per share dividend for Q4
Gordon Wilson, President and CEO of Travelport, commented:
"These financial results seal a transformational year for Travelport. With double-digit growth in Beyond Air and real innovations in Air, we have been able to substantively improve the strength of our Travel Commerce Platform. This is apparent in the near $90 billion of commerce transacted across the Platform last year, placing us amongst the global leaders of e-commerce marketplaces. With a 7% increase in hospitality segments booked per 100 airline tickets issued in the fourth quarter, and a nearly 60% increase in revenue from eNett over the same period, we are starting to see strong and progressive returns on the focused investments that we have made. Central to these trends are the innovations that we bring to our industry, including most recently our industry-defining Rich Content & Branding merchandising solution for airlines. With such investments, a transformed capital structure and the resolution of two key legacy contracts, Travelport is well positioned for 2015."